Mortgage Process

Mortgage Transition Process

Mortgage Transition Process - Flatworld Solutions

Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 20 years. Our mortgage services are streamlined, process-oriented, and focused on internationally accepted standards, and help our clients get best return on their investments.

Have a look at our detailed mortgage process flow:

Loan Setup
Loan Setup
01
  • Splitting document and indexing to appropriate folders
  • Completing 1003 and other forms in LOS
Loan Processing
Loan
Processing Support
02
  • Initial QC, Credit check, and Pre-approval
  • Ordering & receiving third-party docs (Title, VOE & HOI)
  • Fetching case numbers for FHA and VA loans
  • Reviewing complete file & all supporting documents
  • Running DU/LP and ensuring there are no red Flags
  • Submitting the file for Underwriting
Underwriting
Underwriting Support
03
  • Review all the 4C's - Capital (assets), Collateral (property/REO), Capacity (income) and Credit (debts)
  • Add conditions for documentation to meet the eligibility and guidelines requirements for the loan
  • Support all pre-closing activities like credit supplement evaluation, VOE evaluation before closing, etc.
Closing
Closing Support
04
  • Closing document preparation, and final review
  • Clearing closing conditions and sending closing instructions
  • Preparing the Prelim document and reviewing the final document
  • Scheduling and coordinating closing
Shipping/Loan Delivery
Shipping/
Loan Delivery
05
  • Preparing and reviewing loan packages
  • Uploading documents on the Investor's portals
  • Filling up loan delivery form and submitting the package
Post Closing
Post Closing Support
06
  • Trailing document retrieval
  • Post-closing compliance audit
  • Quality control audit

Contact us today, to learn more about our mortgage process, and outsource your mortgage requirements.

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USA

Flatworld Solutions

116 Village Blvd, Suite 200, Princeton, NJ 08540


Flatworld Mortgage Solutions LLC

116 Village Blvd, Suite 220, Princeton, NJ 08540


135 Camino Dorado, Suite 7, Napa, CA 94588.

PHILIPPINES

Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000


KSS Building, Buhangin Road Cor Olive Street, Davao City 8000