Every 410A checked before it is filed.

Hi, I’m Tom, from Alchemy Loop. Here’s ClaimProof 410A the way a Servicer’s bankruptcy team uses it: auditing the claims you’ve already filed, preparing the ones you’re about to file, and running it all from one desk.

This is the desk. Every claim, with upcoming bar dates first, in two lanes: Prepare, for claims you’re about to file, and Audit, for claims already filed.

Say a transfer file arrives, with claims filed by three prior Servicers. Under New work, choose Audit, and load it. Parts 2 to 4 of each filed form are read and compared, line by line, with our own figures for the same loan.

The batch report shows, prior Servicer by prior Servicer, how many claims have differences, the dollars at stake, and which claims to amend. A claim that couldn’t be fully compared is never called clear.

Open one. Above the comparison: who filed the claim, and whose records it rests on, the prior Servicer’s, then yours. Below it, the line that moved, with the page and the amount.

Your team judges each difference one card at a time, with the filed page beside it, and every judgment goes to the log.

On the Prepare side, a claim stops where your team’s judgment is needed. Each item comes with the page it came from, here a fee credit on page three of the Servicer’s history.

Where the run shows something like a gap between two Servicers’ histories, a suggested fix appears, citing the dates and the files. It’s never applied automatically: QC approves or rejects it, and the decision is logged.

Here, each decision is recorded with its reason. Then a second person signs off: someone who decided an item on this run can’t approve it.

Settings holds the Servicer’s calculation policy, and profiles for the law firms that may differ, where the policy allows it. The law and investor requirements always come first.

A change is proposed by compliance. A dry run lists the claims it would reach and checks the value is allowed. A different person in the right role approves it, here legal, and IT promotes it with an effective date. Each step is logged.

And the queue looks after itself. If a worker stops in the middle of a claim, the job goes back on the queue and another worker finishes it. A job that keeps failing is set aside for a person, never retried forever.

The ClaimProof method is built on eleven steps: protect identity, read everything, prove the columns, rebuild the ledger, foot to the totals, test the upload, calculate the form, re-perform, challenge independently, check the state’s rules, and hand over a defensible pack.

Figures checked and traced to their source, a second model challenging the first, and your team with the final say. Start with a free sample audit of claims you’ve already filed. For all the details and the full demos, visit alchemyloop.ai/claimproof. Thanks for watching.