Validator
CARES Act Testing
SCHEDULE A DEMOCARES Act Testing
COMPLIANCE. REVOLUTIONIZED.
CARES ACT TESTING
Full population testing of all mortgage loans daily
Validator can test your ENTIRE mortgage portfolio within minutes to determine if you are compliant with all CARES Act regulations.

Validator replaces sample-based manual testing with
full-population automated testing.
We find the needle in the haystack.
Validator Tests:
4 Cares Act sections
Sec. 1113. Bankruptcy.
Sec. 4021. Credit protection during COVID–19.
Sec. 4022. Foreclosure moratorium and consumer right to request forbearance.
Sec. 4023. Forbearance of residential mortgage loan payments for multifamily properties with federally backed loan.
14 automated tests
Sec. 1113 – 2 automated tests
Sec. 4021 – 2 automated tests
Sec. 4022 – 7 automated tests
Sec. 4023 – 3 automated tests
5 CARES Act categories
1. Bankruptcy
2. Credit Reporting
3. Eviction
4. Foreclosure
5. Loss Mitigation – Foreclosure
230 test conditions
Over 15 test conditions on average per automated test
Continuously assess your portfolio to ensure CARES Act compliance.
Sample CARES Act Testing Results Summary
- Tested and retested sample population of approximately 300,000 loans in minutes
- Identified LOAN LEVEL exceptions for two CARES Act tests
- Identified exact loans that were out of compliance for entire tested population – This result is not possible with traditional manual testing of sample population
- Demonstrated process would successfully automatically test for all CARES Act requirements and allow company to focus on remediation vs. identification
Sec. 4021-Credit Protection
Test 1

Testing Not Required | 140,996 |
Pass | 142,555 |
Exception | 7,019 |
Testing Not Required
- 22,450 - Loans did not report as current at time of loss mitigation approval
- 105,822 – Loan is not active in loss mitigation
- 9,901 - Loan is not in an active COVID accommodation
- 2,823 - Loss mitigation start date not within covered period
Pass
- 3,815 - Loans reported as current or paid off
- 138,740 - Loans reported as current or paid off at time of loss mit approval, loan is currently reporting the same or better
Exception
- 167 - Loans do not have a credit reporting at the time of loss mit approval, currently not reported as current or paid off
- 368 - Loans reported as current or paid off at time of loss mit approval, loan is currently reporting in a more delinquent status
- 1,976 – Suppressed Loan – Exception – Loan did not have a credit reporting at the time of loss mit approval, currently not reported as current or paid off
- 87 – Suppressed Loan – Exception – Loan reported as current or paid off at the time of loss mit approval, loan is currently reporting in a more delinquent status
- 3,247 – Suppressed Loan – Pass – Loan reported as current or paid off
- 994 – Suppressed Loan – Pass – Loan reported as current or paid off at time of loss mit approval, loan is currently reporting the same or better
- 155 – Suppressed Loan – Testing Not Required – Loan did not report as current at time of loss mit approval
- 25 – Suppression flag is null
4021-Credit Protection
TEST 2

Testing Not Required | 113,755 |
Pass | 166,717 |
Exception | 10,098 |
Testing Not Required
- 98,410 – Loan is not active in Loss Mitigation
- 13,232 - Loan is not in an active COVID accommodation template
- 2,113 - Loss mitigation start date not within covered period
Pass
- 5,677 - Loans reported as current or paid off
- 126,691 - Loans reported as current or paid off at time of loss mit approval, loan is currently reporting the same or better
- 18,384 - Loans reported as 30-59 days past due at time of loss mit approval, loan is currently reporting the same or better
- 5,777 - Loans reported as 60-89 days past due at time of loss mit approval, loan is currently reporting the same or better
- 2,694 - Loans reported as 90-119 days past due at time of loss mit approval, loan is currently reporting the same or better
- 1,403 - Loans reported as 120-149 days past due at time of loss mit approval, loan is currently reporting the same or better
- 961 - Loans reported as 150-179 days past due at time of loss mit approval, loan is currently reporting the same or better
- 5,119 - Loans reported as 180 days or more past due at time of loss mit approval, loan is currently reporting the same or better
- 11 – Loan reported as paying under partial payment agreement, loan is currently reporting the same or current
Exception
- 167 - Loans do not have a credit reporting at the time of loss mit approval, currently not reported as current or paid off
- 368 - Loans reported as current or paid off at time of loss mit approval, loan is currently reporting in a more delinquent status
- 1,976 – Suppressed Loan – Exception – Loan did not have a credit reporting at the time of loss mit approval, currently not reported as current or paid off
- 87 – Suppressed Loan – Exception – Loan reported as current or paid off at the time of loss mit approval, loan is currently reporting in a more delinquent status
- 3,247 – Suppressed Loan – Pass – Loan reported as current or paid off
- 994 – Suppressed Loan – Pass – Loan reported as current or paid off at time of loss mit approval, loan is currently reporting the same or better
- 155 – Suppressed Loan – Testing Not Required – Loan did not report as current at time of loss mit approval
- 25 – Suppression flag is null
Case Study
Validator tested 99% more loans in less than 1% of the time!
Working with a large national financial institution Validator produced full-population automated compliance testing reducing costs and increasing efficiency.
Validator did in 20 minutes what it would take 1 year and
500 people to complete
MANUAL
> Sample Size: 30
(.01% of total population)
> On a Risk Basis
> 5 Days
> 2 – 3 Resources
> 4 – 6 Tests a Month
AUTOMATED
> Full Population
> 100% of total population
> Daily
> 20 Minutes
> Computer Processing
> All CARES Act Requirements
Validator Data Model Provides Comprehensive Dashboard Flexibility


Focus on Remediation vs. Identification.
Validator - CARES Act Compliance
Validator is the only solution in the market to trace operational controls and perform automated compliance testing down to every requirement of the law.
Validator can test your ENTIRE portfolio within minutes to determine if you are compliant with all laws and regulations associated with the CARES ACT, eliminating the need for manual testing.
WHAT OUR CLIENTS AND PARTNERS THINK
“Compliance is a critical component of keeping the ACH Network safe and secure. We are pleased to welcome Azimuth as our newest Preferred Partner for ACH compliance solutions.”
Jane LarimerNacha, President and CEO 