In the midst of the Covid pandemic affecting the whole world, Flatworld team has rallied around minimizing service disruptions for our customers, while ensuring the safety and security of our employees and the community.

We have over 3500+ team members working remote, all managed within a week. Read more

Mortgage Process

Mortgage Transition Process

Mortgage Transition Process - Flatworld Solutions

Whether you want to grow as an organization or need a replacement for an employee, quick resolution and transition is the key. At Flatworld Solutions, we understand this, and can provide you a resource with the desired experience within a week from customer signing with us (most cases), ensuring shortest possible transition time.

Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 16 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
  • 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
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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INDIA

No.6, Banaswadi Main Road, Dodda Banaswadi, Bangalore - 560 043


Corporate Court, #15, Infantry Road,
Bangalore - 560 001

PHILIPPINES

Lucita Building Lapu Lapu Cr. Sobrecarey Street, Davao City 8000

USA

116 Village Blvd, Suite 200, Princeton, NJ 08540