Specimen verification report for a funder taking tape plus open banking. The parties are fictional and the figures illustrative.
Verification report
No adverse finding arose from this month's checks on the Fictional Funding line at Illustrative Mortgages.
Illustrative Mortgages' August tape and the four Fictional Funding line bank accounts, reconciled independently by ROSA. Every Fictional Funding loan was looked for in every other funder's feed, and each bank account was compared with the tape.
Prepared for Fictional Funding · funding line at Illustrative MortgagesData as of 31 August 2026Clean this cycle · fourth in a row
TapeIllustrative Mortgages' month-end tape and the Fictional Funding line tape, filed by Fictional Funding · received 3 September · 380 loans · 3 other funder lines in the same run
Open bankingFour Fictional Funding line accounts at the bank · collections, returns, sweep, completions · every day of August covered
The Fictional Funding line this month
£82.4m
Balance
SEP 25AUG 26
380
Loans
up 5 on July · 369 carried over, 11 completed, 6 redeemed
£2.6m
Completions in
SEP 25AUG 26
£1.3m
Redemptions out
SEP 25AUG 26
01 · Double pledging
Is any Fictional Funding collateral pledged to another funder?
None found. All 380 Fictional Funding loans were looked for in the three other funders' feeds, matched on the loan, borrower and property facts fixed at origination.
Check
Scope this month
Result
Completed loans under another line
380 loans against 3 other feeds, 6 facts each
None found
Applications, before drawdown
24 Fictional Funding applications, looked for in the three other feeds
None found
Elsewhere on Illustrative Mortgages' book
Open findings on Illustrative Mortgages' other lines, count only
None open
No finding on the Fictional Funding line in twelve months of reconciliation.
02 · Book integrity
Does the Fictional Funding line agree with Illustrative Mortgages' book?
Yes, on every fact compared. The Fictional Funding line tape, Illustrative Mortgages' master and the allocation disclosure agree, and the origination facts are unchanged since July.
Check
Scope this month
Result
The Fictional Funding line tape against Illustrative Mortgages' master
2,280 fact comparisons across 380 loans
Copies agree
Each record's own arithmetic
Stated LTV against balance ÷ valuation, all records
All figures tie
The allocation disclosure
All 380 completed loans attributed to the Fictional Funding line
Every attribution ties
This month against last
369 loans carried from July, origination facts unchanged
Nothing moved
Pipeline fall-through
9% of August applications fell away, within the line's usual rate
In range
03 · Money movement
Did the money move as the book predicts?
In range on every account. August's movements on the four Fictional Funding line accounts match what the tape predicts.
Into the Fictional Funding line accounts
£371kCollections from borrowerstape expected £373k · 374 payments
£1.3mRedemptions from borrowers6 loans, each matched to the tape
£2.6mFictional Funding funding for completions11 drawdowns
Out of the Fictional Funding line accounts
£371kSwept to Fictional Funding6 September, on the expected day
£2.6mAdvanced to panel solicitors9 firms, all on the agreed panel
£1.4kDirect Debits returned to borrowers2 payments, one per borrower
Check
This month
Past 6 months · this month on the usual scale
Completions to the agreed panel
In range · 11 advances · £2.6m · all matched to a panel firm
Collections against the tape
In range · £371k credited against £373k expected
Returned Direct Debits
In range · 2 returns · £1.4k · one per borrower
Redemptions to Fictional Funding
In range · 6 redemptions · £1.3m received
Sweep to Fictional Funding
In range · £371k on 6 September, the expected day
Payments from Illustrative Mortgages' own accounts
In range · No credits from any Illustrative Mortgages account
in range watched this month · the dashed tick is the tape's expected figure
Each scale is the Fictional Funding line's own twelve months. The shaded block is where a usual month sits, with allowance for timing and reference-list refreshes. In range means this month sits inside it.
What this report does not cover. ROSA does not reconcile individual borrowers' payments, inspect properties or check registered charges. The pipeline check is a monthly review of applications, not a block on drawdown. Cash figures are ROSA's retained observations; raw bank rows are discarded after each run.
This is a factual reconciliation. ROSA reports what each feed states, grades what it finds and points to archived evidence by hash. ROSA grades; the parties adjudicate. It expresses no opinion on intent.
Report LC-2026-08 · 31 Aug 2026 · ROSA v0.7.2cycle archive sha256 f3cc…a845 · cash result sha256 91b0…2e7c