Outsource pre-fund QC audit to know if you are financing loans that are compliant with Fannie Mae and Freddie Mac pre-fund requirements
Are you financing borrowers who are thoroughly investigated? Is it difficult to keep up with the changing regulations in the mortgage landscape? By leveraging pre-fund QC audit, you can have peace of mind. When you partner with a specialist pre-fund QC audit company like us, the risk faced by your lending business can be lessened significantly. Since pre-fund QC audit is sought-after by Freddie Mac, Fannie Mae, FHA, and other regulatory laws, you can save over 15% of the cost by choosing FWS.
At Flatworld Solutions, we spend the time analyzing heaps of applications with laser-like precision. Our experts will scrutinize each piece of document and ensure complete adherence to the latest guidelines. Our goal is to proactively limit the risk and accompanying liabilities that can impact your business. Choose Flatworld Solutions and end your worries instantly.
Pre-fund QC Audit Support Services We Offer
The Pre-fund QC audit support services offered by Flatworld Solutions will mitigate the risk that a lender is exposed during mortgage loan origination. Our services will help you uncover incorrect data, liens, and unpaid taxes (if any). As part of the pre-fund audit, we offer the following solutions -
Review of Loan Application
The reported information will be reviewed by our team with a checklist strategy. We will verify the name, loan repayment history, employment status, and other furnished data by evidencing documents and carrying out an investigation on the borrower's creditworthiness. If inaccurate or falsified data is discovered, we will notify lenders by flagging delinquent accounts.
Assessment of Income and Liabilities
The borrower's source of income and liabilities (if any) will be investigated to ensure that the there are no past liens and other grey areas that might land lenders in a legal tangle. With a clear title, W-2 forms, pay stubs, and bank statements the mortgage loan closing time can be shortened. To carry out pre-fund QC audit we turn to MERS so that we leave no stone unturned.
Quality Review in Underwriting
Even the underwriter isn't free from risks. We will closely analyze every source to understand the risk potential. By carrying out multi-level document verification strategy we will ensure that an underwriter deals with nothing short of signed and sealed data. We take great measures to prevent underwriters from approving mortgage loans to applications that are riddled with delinquencies and other compliance challenges.
Mortgage Appraisal & Desk Reviews
Mortgage appraisal is a key part of the pre-fund QC audit. Report compiled after the appraisal will be scrutinized. Being a world-class pre-fund quality control company, we will look for contrariety in the appraisal method. It is our goal to prevent disbursement of the loan amount that exceeds the fair market value of the collateral. With a sharp eye on mortgage appraisal methods followed by auditors, we will ensure that lenders can steer clear of delinquent accounts.
Federal and State Regulatory Compliance Checks
We are a pre-fund mortgage quality control audit company that is constantly on vigil about the latest changes in mortgage regulations and regulatory requirements. As part of the pre-fund QC audit, we will assess if mortgage documents comply with the latest GSE guidelines. In this way, you can reject loans that are non-compliant with GSE regulations and avoid further hassles. With the gated process, you can enforce strict adherence with all legal compliances.
Pre-fund QC Audit Process We Follow
We follow the process that is embedded within the founding principles of our organization. Our service level and competence are visible to let you be the better judge of our service quality. With pre-fund QC audit, the method we follow is straightforward and simple. The method is as follows -
01. Collaboration with the Lenders
We will work side-by-side with your team to collect requirement and assess the list of documents that are already available. If there is a shortfall we will send reminders.
02. Verification and Validation
We will check if the data has dependencies and discrepancies that must be resolved before it can be processed by underwriters
03. Report Submission
We will compile a report based on our findings and will include notes on discrepancies and other unmet criteria
04. Re-verify and Finalize Report
After a through and through assessment, we will compile our findings in a report for you to take the right business decision
Why Choose FWS for Pre-fund QC Audit Support Services?
You can achieve plenty of advantages by outsourcing pre-fund mortgage loan audit. It will help you have a better client relationship, save costs, and do so much more with your existing resources. Here is a complete list of benefits you can avail by outsourcing quality control audit -
Certified Provider of Pre-fund QC Audit Support Services
FWS is an ISO 9001:2015 certified company that stringently follows the latest practices in mortgage and real estate industry.
We are ISO/IEC 27001:2013 certified. An accreditation earned for taking sophisticated measures to safeguard your confidential data that are otherwise vulnerable without robust security measures.
High Accuracy and Quality Service
FWS a trustworthy partner to thousands of customers because our Pre-fund QC audit support services are considered reliable and accurate. Our quality assurance team will revalidate the reported data to ensure utmost consistency with the mortgage regulations.
Short Turnaround Time
If you are time constrained leave your worries behind because we can deliver Pre-fund QC audit support services in a quick TAT.
When you outsource Pre-fund QC audit support services to FWS you can take complete advantage of our scalable service. This is because Pre-fund QC audit support services can be customized based on the rate of loan applications that are queued for processing.
Flexibility in pricing has been a key factor why our clients consider us as the first choice. The Pre-fund QC audit support services are affordably priced so that even small and medium-sized businesses can find the opportunity to grow.
Single-point of Contact
Our pre-fund QC audit solution comes with a single point of dedicated contact who will assist you personally so that you can get answers quickly and be heard by us without waiting in the queue.
Experienced Team of Pre-fund QC Auditors, and Mortgage Specialists
Our pre-fund QC auditors are industry veterans who have spent 10+ years in various mortgage functions and have helped 1000+ clients worldwide.
Our infrastructure is geared to handle almost every challenge that comes in the way. We have a solid security, technology, and physical infrastructure where pre-fund QC audit will be carried out in spec with the mortgage regulations.
Customs Pre-fund QC Audit Software & Tools
Use of advanced and automated tools for pre-fund QZ audit is nothing new for us. We routinely employ innovative technology to stay ahead of the competition.
Secure File Sharing
Sharing files through secure FTP and VPN is easy and safe, thanks to our network security teams who monitor channels day-in, day-out to ensure a secure ambit for sending and receiving data without risk.
You can contact our team on a 24/7/365 basis because we have global contact centers that are ready to handle inbound calls and emails anytime, anywhere.
Client Success Stories
FWS Helped Mortgage Lender Improve Business Conversions by Providing Underwriting Services
A leading mortgage lender was able to see a 15% bump in business due to Flatworld Solution's cost-effective mortgage underwriting services
Flatworld Solutions has stood by the quality of its services and our goal has always been enabling mortgage companies to get the best support while analyzing borrower portfolio. We have become a world leader in mortgage services within 12 years and we are still growing as we touch more clients in our journey. Our Pre-fund QC audit support services have touched more milestones than before because we have already penetrated the toughest market across the world and helped clients with technology and skill at an unbeatable price. We also offer an array of mortgage services such as mortgage processing support for credit unions, underwriting support, mortgage closing support, and more.
Connect with us to let us customize Pre-fund QC audit support services for your needs and budget capacity.