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Benutech finds title-data mismatches across thousands of reverse mortgages

In a review of nearly 35,000 active reverse-mortgage loans, Benutech found 10.4% received D grades and 11.6% received F grades tied to severe title discrepancies.

Reported · Written up by our desk · Mortgages

HousingWire reports that Benutech analyzed nearly 35,000 active reverse mortgages and found frequent gaps between servicing records and public title data.

According to HousingWire, Benutech reported 10.42% of loans with D grades and 11.56% with F grades, alongside issues such as absentee tax addresses and death filings that were not flagged, including unrecorded transfers and occupancy errors.

The outlet also said Benutech maintains a national property data file updated daily and that its title products can monitor servicing portfolios for risks, with the analysis framed as a self-initiated effort that surfaced the mismatches.

HousingWire adds that Benutech’s review highlighted the AI summaries risk management concern for reverse-mortgage servicers, noting the potential for lenders to miss changes when title and servicing records do not align.

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