Mortgage Process Outsourcing
Speed. Accuracy. Compliance.
Streamline Your Mortgage Process
Reduce back-log while reducing average handling time and existing turn times
Loan Processing & Support
Loan Registration / Loan Set-up
Order and follow-up documents with 3rd party services
Order credit documents
Update Loan Origination System
Track and record missing processing document requirements
Follow up missing documents to complete files for submission to underwriting
Submit completed loan files to Underwriting
Underwriting Support
Income and collateral components for underwriting
AUS validation
Collation of documents to clear underwriting conditions
Ensure all documents to clear underwriting conditions are received and submitted to underwriting for final approval
Confirmation of final underwriting approval and flag the loans files are clear to Close
Closing and Funding
Provide support for the preparation of Loan Estimates
Provide support for the preparation of Closing Disclosures
Quality Check of closing documents
Post-Closing
Document Indexing
Perform post-closing audit
Clear any discrepancy
Monitoring and tracking trailing documents
Loan Assumption
Send emails
Collect documents
Review for Underwriting
Send decision letter - Approved or Denied
Quality Control (Review & Audit)
Send Acknowledgements / Requirements Letter
Collect all documents
Review for underwriting
Send Decision Letter to borrower – approved or denied
Mortgage Processing Services
Underwriter Support
Loan Set-up Review.
Analyze borrower information.
Verify Data and Documentation.
Calculate rations and metrics (DTI & LTV).
Risk Assessment - Evaluate Collateral.
Provide support to the onshore underwriter.
Compliance with Regulations.
Compliance Analyst
Regulatory Monitoring and Interpretation.
Loan File Review and Audit.
Evaluate Escrow Contracts.
Evaluate Escrow Instructions.
Training and Education for loan officers, processors, underwriters and other staff on compliance regulations.
Reports on Compliance Activities.
Shipper
Review Documentation.
Upload Appraisal Documents.
Review Settlement Statements.
Create closing package and audit file.
Delivery Tracking and Monitoring.
Address Discrepancies.
Quality Control Auditor
Pre-funding Audits (review loan files).
Post-Funding Reviews (monitor loan files and borrower payment and delinquencies).
Assess Overall Compliance.
Verify buyer/seller/broker information.
Turning Keys, Unlocking Possibilities
Onboarding and Offboarding Process
Onboarding, Offboarding, Offboarding Communications
Contracts Administration Specialists
Contract Management, Data and Reporting, Compliance and Risk Mitigation
Compensations Specialists
Compensation Calculation, Communication & Compliance, Data Management, Plan Administration
Legal Research & Document Review
Prepare, Review, Analyze and Organize legal documents
Ready to take the next step?
Contact us today to speak with one of our Mortgage Outsourcing Specialists.