Loan Processing Support Services
Mortgage lenders and brokers agree that mortgage loan processing is a painstaking and time-consuming procedure. It requires highly-trained underwriters (and a large support system) to work together to move a borrower’s application through the system and towards closing.
At Rccess, we have been working with lenders and brokers for over a decade, helping them with back-office services that save significant amounts of time and money in the processing of mortgage loans. Additionally, we preach and follow use of Qualified Mortgage Rule to all our brokers and lenders to ensure efficiency in their operations. Our team of mortgage specialists has vast experience working with loans of every stripe and is thoroughly familiar with the intricacies involved in each type of loan.
Loan Processing Assistance We Provide
Document Compliance Review
We review all the loan documents such as Forms 1003 & 1008, W2s, pay stubs, borrower’s authorization, LE and so on, making sure that all necessary documentation has been filed and compliant with state and federal regulations. We also obtain the appropriate VA case numbers online.
Our team at Rccess Solutions can help clients collect all the required supporting documents. We can also order homeowner’s insurance and the flood certificate for the property. That’s not all! We also help you with preparation of the mandatory LE disclosures.
We do a thorough credit check of the borrower(s), pre-screening credentials, pulling credit reports and checking credit history, Social Security status, as well as looking out for existing loans (with MERS), any payment defaults, tax returns and other pertinent information.
We liaise with approved, licensed appraisers and order the appropriate kind of appraisal (depending on the loan amount, loan-to-value ratio, etc.) after providing relevant information to the appraiser and reviewing the fees charged for the service.
To verify the prospective borrower’s credentials, we perform exhaustive verification checks on all submitted documentation, as well as for employment (VoE), mortgages (VoM), deposit (VoD), and property sale history.
Isn’t it time you reaped the benefits of globalization by outsourcing your mortgage processing support tasks to seasoned professionals?
Save big on costs and time while streamlining your business process and focusing on growth with the help of our loan processing advice for mortgage brokers!.
Let us handle the extensive paperwork and follow-ups needed to put together the documentation for every loan. You’ll find that working with us will lead to greater customer satisfaction, reduced processing times, increased revenues and minimized expenditure on recruitment, training and infrastructure.