Is your underwritten documents lacking quality? If you are worried about errors in the document, we, at Flatworld Solutions, can help you do away with hassles in mortgage underwriting QC support. With a robust quality control protocol like ours, we can ensure approval of loan to mortgages that comply with the underwriting conditions. We will conduct an in-depth review of your underwriting decisions so that the quality of your underwriting process can be regulated.
At Flatworld Solutions, we uphold our reputation as a leading mortgage underwriting QC services company by evaluating the loan package for liabilities and income. This will provide accurate insight into the exact debt and income values used by underwriters. It is our responsibility to ensure compliance of your loan portfolio with GSE regulations in the pre and post-closing steps.
Mortgage Underwriting QC Support Services We Offer
Flatworld Solutions is committed to making your loan approval process risk-free by discovering and eliminating potential loopholes that are unseen in the preliminary assessment. We provide an inside look at your process to remediate an otherwise flawed process. Outsource mortgage underwriting QC support and avail the following services -
Prefunding Quality Control
Flatworld's pre-funding QC service is the answer to selectively address loan deficiency before the loan closing process. Our QC experts will analyze the percentage of loans that are predetermined. We will scrutinize every detail to ensure that the loan selection process is robust along with the availability and correctness of data that branches out from loan portfolio. We are simply the best you can find to verify data using an automated underwriting system. Additionally, we can also verify the availability and completeness of social security, income statements, and other key information.
Post-funding Quality Control
The post-funding stages are equally important as the pre-funding states. Flatworld's mortgage underwriting QC support experts will evaluate the accuracy as well as the integrity of loan information. Our team will diligently review the application for completeness, property eligibility, reports, and other essential documents using a proprietary data analysis tool. With post-funding QC services, we will ensure that the underwriting parameters are met appropriately.
Review of Underwritten Documents
Flatworld Solutions' mortgage underwriting QC support professionals will conduct a detailed QC underwriting review before authorizing the loan closure. The underwriting review can also be done before instructions are dispatched to the title company, ergo approving the funds. The quality will be scrutinized at each interval to ensure that the underwriting process and methodologies meet the industry standards. Our team will furnish a comprehensive report summarizing the review so that you can make the right decision by funding mortgages that are less likely to become bad loans.
Review of Fraudulent Data
The fraud review will be diligently conducted to ensure zero discrepancies in the underwritten loan information. In instances where large or multiple transactions are involved, mismatching addresses and misalignment between AVM comps and actual property dimensions will be thoroughly investigated. Our fraud review team will close the gap in the loan approval TAT and avoid approving loans that are generated by furnishing falsified data.
Mortgage Underwriting QC Support Process We Follow
When you outsource mortgage underwriting QC support solutions, we will commit ourselves to check every piece of documentation to ensure fulfilment to the obligated underwriting standards. While compliance is one aspect, there are several others where processing loans without scrutinization can lead to loss. Outsource mortgage underwriting QC support services to see the following process unfold -
01. Requirement Aggregation from lending Institutions
Through collaboration, we will aggregate the information to understand your requirement. Your inputs would give us the incentive to plan mortgage underwriting QC strategy
02. Check Documentation
Under mortgage underwriting QC support, we will check if the furnished documents are complete and accurate
03. Mortgage Underwriting QC Support
Our executives mapped to the process will run standard compliance checks before approving loans that successfully meet the underwriting standards
04. Finalizing the mortgage underwriting QC Support Report
We will create custom reports for members of your organizational hierarchy. The report will be checked for accuracy before delivery
Other Services You Can Benefit From
Why Should You Outsource Mortgage Underwriting QC Support Services to FWS?
Outsourcing mortgage underwriting QC support services can bring value adds for mortgage lenders. For 19 years we have served lenders, both small and big covering large geographies across the world. We aim to limit the risk faced by mortgage lenders while approving loans against partially satisfying documents. Here are benefits you can get by outsourcing mortgage underwriting QC support services -
Certified Provider of Mortgage Underwriting QC Support Services
Being an ISO 9001:2015 accredited company, Flatworld Solutions is a top mortgage underwriting QC support services provider. Ours is a name you can always trust.
Our data management proficiency is simply flawless because we adhere to ISO/IEC 27001:2022 data security guidelines and take great care to prevent your data from becoming accessible to unauthorized members.
High Accuracy and Quality Service
At FWS, we always prioritize the quality of services to ensure that our customers are 100% satisfied. We provide underwriting QC support that is carried out with diligence and care.
Short Turnaround Time
Our practiced team can work in a coordinated way to handle complex or simple underwriting challenges. We are always a step ahead of the competition thanks to 19 years of experience in mortgage underwriting QC support.
The project can always be scaled with ease because we have a robust team who can assist you with formalities to move up or down based on your needs.
The pricing is the best part of working with us. Only at Flatworld Solutions, you can find rates that are not just affordable but flexible to your customized need.
Single Point of Contact
We always provide a single point of contact to coordinate and provide the best support. Our professional will help you overcome any concern and manage your challenges with dedication.
Experienced Team of Mortgage Underwriting Specialists
We have an experienced team of mortgage underwriting experts who can meet your needs no matter how complex it is. Our mortgage underwriting professionals have more than 10 years of true industry knowledge to walk you through any challenge.
Without the need for owning a dedicated infrastructure, you can save a chunk of your money. This is because our infrastructure is capable and robust in servicing multiple clients without lag in performance.
Custom Mortgage Underwriting Software & Tools
Flatworld uses state-of-the-art mortgage underwriting software tools that are used in tandem with automated tools that offer smart, committed, and timely support to accomplish underwriting QC without errors.
Secure File Sharing
We use SFTP and VPN to handle data sharing functions. Our data sharing platforms have demonstrated an exceptional capability to transmit and receive confidential data without loss.
Our team would be glad to provide round-the-clock support from your local time zone so that you need not wait for help to arrive when you need emergency support or information.
Client Success Stories
FWS Helped A Mortgage Lender Improve Conversions by 15%
We delivered underwriting support to a leading mortgage lender by scaling the loan volume by 15%. The client approved our solution and assured to outsource future needs.
Residential Mortgage Lender Benefits from Quick Loan Processing & 50% Reduction in Cost
We shrank the closing time from 30% to a whopping 50% for a residential mortgage lender. The client appreciated our services and approved our service levels.
Flatworld Solutions delivered what they promised; delays in loan processing & lengthy closing time are now a thing of past. Our loan officers and borrowers are happy.President of a leading mortgage lending company in the US More Testimonials »
Outsource Mortgage Underwriting QC Support Services to Flatworld Solutions - Mortgage Experts
Flatworld Solutions is an expert provider of mortgage support services. In just 19 years, our reputation and capabilities have grown in manifolds. Our team now handles a wide range of mortgage functions including mortgage underwriting, mortgage loan processing support, and much more. With a quick TAT and efficient team as well as the technology we can manage nearly all challenges in the mortgage industry. With the right expertise, we have grown from a humble firm to a corporate caterer with over 15000 global clients. So why wait? Start your journey with us now.
Contact us by your preferred channel and tell us your needs. We can assure you a free quote to achieve the right results.
Mortgage Underwriting QC Support Services FAQs
What is mortgage quality control?
Mortgage Review control is the final quality check done by the lenders just before sending out the mortgage documents and sending a wire to the title company.
Can mortgage be denied after clear to close?
Yes, the mortgage can be denied after clear to close if the lender needs to check and re-verify your credit and your employment status just before the close or on the day of the close.
How long does mortgage quality control take?
The mortgage quality control will take anywhere between 24 to 48 hours. The quality control mortgage underwriter will review the entire loan file written by the original underwriter.
How long does it take for the underwriter to make a decision?
Mortgage underwriters verify your assets, check your tax returns and credit scores before you get a loan and it may take about two to three days before they make their decision.