Mortgage Process at Flatworld Solutions
Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 10 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:
- Splitting document and indexing to appropriate folders
- Completing 1003 and other forms in LOS
- 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
- Reviewing Asset, Income, and Title report
- Appraisal review and revision request
- Reviewing AUS findings and clearing conditions
- Final sign-off and approval for funding
- Closing document preparation, and final review
- Clearing closing conditions and sending closing instructions
- Preparing the Prelim HUD and Reviewing the Final HUD
- Scheduling and coordinating closing
- Preparing and reviewing loan packages
- Uploading documents on the Investor's portals
- Filling up loan delivery form and submitting the package
- 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.
Understanding vendor's mortgage process is important before outsourcing. Take a look at our loan process.
Outsourcing mortgage services to Flatworld Solutions can help you streamline your operations.
Tell us your requirements and get a free quote.