Due Diligence and Ongoing Monitoring

Do any of the members here sell mortgage loans to Citizens, Truist or Planet Home?  If so, what do you collect for due diligence and are they subject to annual vendor due diligence review?  Thanks!

We do sell mortgage loans, not to any of the above but to similar institutions.  We do include as part of our TPRM program but have created specific due diligence requirements for banks, GSE's and financial institutions based on their highly regulated nature and unique organizational controls. The frequency that we review them is dependent on the relationship and specifics and volume of services, usually reviewed every 1-2 years.  For Banks we pull the FFIEC UBPR (Uniform Bank Performance Report), FFIEC CRA rating, enforcement actions (FED, FDIC, OCC), annual report of 10 K in addition to our "normal" due diligence.

I realize this is a year old at this point, but given the new guidance, has your process changed? We sell mortgages to other entities beyond regular banks and I'm stumped on how to handle due diligence. A couple of examples are Amerihome Mortgage, Angel Oak, CitiMortgage... Thoughts on how to conduct DD?