Mortgage Fallout
65 Out of 100 Loans Now Fall Out. Are You Paying the Hidden Cost?
The fully loaded cost to originate a loan is $11,109 — but that ignores the thousands you're bleeding on credit pulls, verifications, and processor time for files that never close. You can't control the market. You can stop paying for preventable data failures.
The Problem
Not All Fallout Is Created Equal
We divide fallout into two buckets. One you can't control. The other is quietly leaking your margins — and it's exactly where PitchPoint goes to work.
The Market-Driven Bucket
Unavoidable. These are the deals no tool can save:
- Rate volatility and sudden payment shock
- Appraisal gaps and valuation disputes
- Borrower cold feet and life events
The Preventable Bucket
Where your margins quietly leak — and where we focus:
- Income and employment mismatches discovered too late
- Undisclosed liabilities, judgments, and liens that blow up DTI
- Identity anomalies and synthetic fraud
Did you know? Tri-merge credit costs have spiked 1,500% in four years, reaching upwards of $540. Paying that for a loan that dies in underwriting is unsustainable.
The PitchPoint Solution
Your Credit Report Is a Rearview Mirror. ADV Is the Windshield.
A credit report only tells you what already went wrong — too late, and after you’ve paid for it. Application Data Verification (ADV) reads the whole file the instant it lands, flagging the synthetic identities, undisclosed mortgages, and DTI-killing liens credit misses. One verdict, before you spend a dime: fund it, or kill it.
One verdict, not a 40-page hunt
A single Risk Score with critical alerts up top — your underwriter decides in seconds.
Clear a flag in place
Mark it “Cleared by Lender,” attach the doc, move on. No swivel-chair, no second system.
Zero rekeying — it walks itself into the file
The report pushes into your LOS eFolder and auto-triggers the underwriting condition.
The math on one dead file
- Tri-merge credit pull$540
- Full appraisal$650
- Processor hours$420
Surface What Credit Hides
Five Checks Your Credit Report Will Never Run
The defects that kill a file the day before closing were knowable on day one. ADV runs the checks the bureau never will — while you can still walk away for free.
Identity & Synthetic-Fraud Screening
Name, SSN, address, and DOB — authenticated in seconds against the SSA Death Master File and the watchlists that matter: OFAC, GSA-EPLS, HUD-LDP. Then ADV traces historical SSN usage to expose the synthetic identities built to beat your credit check.
Civil Courts & Hidden Liabilities
Bankruptcies, judgments, and DTI-killing liens that don’t reach the bureau in time to save your file. ADV scans civil court records directly and searches MERS by SSN to surface the undisclosed mortgage your borrower “forgot” to mention.
Employment & Affiliated Businesses
Validates the stated employer, then runs an affiliated-business search to catch undisclosed self-employment and conflicts of interest. Stated income is a claim — ADV turns it into a verified fact before a processor chases a VOE that was never going to clear.
Property & Valuation Defenses
Ownership history flags illegal flipping, FEMA disaster impacts get surfaced, and CoreLogic AVMs pressure-test value before you order a full appraisal. Know the collateral holds up before you pay to find out.
Total Participant Validation
Every settlement agent and appraiser at the table — confirmed licensed and clear of government exclusion lists. The unlicensed participant isn’t a paperwork problem; it’s a repurchase demand with your name on it.
Inside Your Workflow
Not a Report You File. A Workbench You Work.
ADV lives inside Encompass® and MeridianLink® and most leading LOSs as an interactive workbench — not a static, read-only PDF nobody opens twice.
Instant Pass/Fail. No Red-Flag Hunting.
Your underwriter opens to one Summary Page: a single Risk Score, critical alerts up top. See a flag you can explain? Mark it “Cleared by Lender,” attach the doc, move on. Go/no-go in seconds, not a 40-page PDF.
Phased Verification, Built for Go/No-Go
Run the critical identity and liability checks upfront to make the kill-or-pursue call before you spend. Then Reconfirm and Enhanced Reconfirm re-verify MERS, participants, and financials right before closing — no duplicate order. Pay once. Verify when it counts.
It Files Itself — Straight to Your eFolder
As checks clear, ADV pushes the report straight into your LOS eFolder and auto-triggers the matching underwriting conditions. No drag-and-drop, no rekeying. It lives inside Encompass® and MeridianLink® — not in another tab.
Datapoint Journaling You Can Defend
Every datapoint, note, and status change is logged chronologically on a deterministic, rule-based audit trail. AI-native, but never a black box — the receipts to pass an NCUA exam, satisfy CFPB explainability, and stare down a GSE repurchase demand.
The Economic Edge
Catch It Upstream — and 30% of Your Underwriting Cost Disappears.
PitchPoint operates as a native intelligence layer right inside your existing LOS (Encompass®, MeridianLink®). By catching defects early and eliminating manual compliance drag, transitioning lenders typically reduce underwriting time and cost by up to 30%.
Up to 30%
Lower underwriting time & cost
3,000+
Enterprises trust PitchPoint
SOC 2 Type 2
Certified security
99.9%
Platform uptime
Stop Funding Dead Files.
Move your failure points upstream and stop paying to originate loans that never close.
Let's Calculate Your True Cost Per Funded Loan
Ready to find out how much of your fallout is actually preventable? Tell us about your current process and we'll show you where to move your failure points upstream.
Let's talk.
Redefine your verification advantage with us.