Mortgage Services Data Models

Mortgages are loans to individuals or businesses to purchase a home, land or other real property. In 2003 there were $9.465 trillion dollars outstanding in home, multifamily dwelling, commercial and farm mortgage loans.

Mortgage servicing organizations concentrate on the servicing of mortgages as opposed to the long-term financing of mortgages.

Mortgage servicers collect payments from mortgage borrowers, pass the interest and principal payments through to the secondary market and maintain formal records of mortgage transaction for which they receive a fee.

Loan servicing organizations do not retain the mortgage loan in their financial portfolio as do mortgage financing companies.

The Mortgage Services industry models provides a comprehensive data architecture consisting of Enterprise, Business Area, Data Mart and Data Warehouse logical data models for companies providing mortgage services.

Many mortgages, particularly residential mortgages, are securitized by the mortgage holder, packaged and sold as assets backed by private or publicly -traded debt instruments. Securitization enables financial institutions to reduce interest rate and credit risk, receive fee income and reduce regulatory capital and reserve requirements by removing the individual mortgages from the financial institution's portfolios.

Mortgage securitization and administration is supported by the ADRM Corporate Investment Banking offering.

The Mortgage Service models supports an integrated view of:

> Borrower / Co-Borrower
> Collateral
> Documentation
> Escrow
> Fees
> Lender
> Lien
> Mortgage Loan
> Mortgage Refinancing
> Loan Amortization
> Origination
> Property
> Qualification / Creditworthiness
> Securitization

"ADRM Vertical Industry Data Models"
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