Mortgage Process
Mortgage Transition Process
Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 18 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
01
- Splitting document and indexing to appropriate folders
- Completing 1003 and other forms in LOS
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 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 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
05
- Preparing and reviewing loan packages
- Uploading documents on the Investor's portals
- Filling up loan delivery form and submitting the package
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.
800-514-7456
