SanctionSearch™

General best practices for approving mortgage brokers, correspondents, and other business partners requires a review of industry ineligible lists to determine if the applicant’s company name, DBA names, or any owners, officers, or principals has any sanctions against them.

Freddie Mac Exclusionary

The Freddie Mac EXCheck verification searches business name, DBA names, and owner names against the Freddie Mac Exclusionary List. The Freddie Mac Exclusionary List is a listing of individuals and companies that are not eligible to participate in loans purchased by Freddie Mac. This information is available only to FLD subscribers who are Freddie Mac Seller/Servicers.

HUDSearch

The HUD Limited Denial of Participation list includes those that have refused to follow the U.S. Department of Housing and Urban Development’s statutory and regulatory requirements and have therefore been suspended or debarred, voluntarily or involuntarily, from further government business.

EPLSEnsure

The Excluded Parties List System (EPLS) is a comprehensive list of individuals and entities excluded from receiving contracts, assistance, and benefits by various federal government agencies, including HUD.

OCCEnforcements

Formal enforcement actions against banking organizations and institution-affiliated parties are reported by the Comptroller of the Currency of the US Department of the Treasury.

OFACFilter

A search of the United States Department of the Treasury’s Office of Foreign Asset Controls’ Specially Designated Nationals database provides evidence of compliance with the USA PATRIOT Act.

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