Are you mulling ways to save time and money with second mortgage loan support? Finding an experienced partner who provides second mortgage loan support is the first step. Outsourcing can steeply reduce the time spent on documentation, verification, and approval. We offer a robust second mortgage loan support takes care of functions in the mortgage process.
Flatworld Solutions has 19 years of experience in offering mortgage lenders with second mortgage loan servicing. We are experts in arranging and processing back-office requirements needed by lenders to extend subordinate mortgages to borrowers when their original mortgage is active. Our well-defined approach to loan document verification and computation of the combined loan value and the equity value of the property will assist you to come to the right conclusion. This, in turn, ensures your second mortgages are GSE compliant.
Second Mortgage Loan Support Services We Offer
Second mortgage loans are very popular because they help borrowers meet short-term fund requirements. They have a lower rate of interest and can be obtained easily if taken from the same bank, to which you have mortgaged your house. They are used as top-up loans by borrowers for home improvements, pay-off immediate debts; or cover emergency personal expenses. Whether it is home equity loan or a home equity line of credit our second mortgage loan support services handle the process with the following solutions -
Second Mortgage Loan Support Process
Flatworld's second mortgage loan support process is streamlined to ensure a stress-free experience to both lenders and borrowers. We take the best measures to speed up the process so that there is no delay in the loan approval. Being atop second mortgage loan support services company we follow a systematic process which includes -
01. Requirement Analysis
We will work with you to understand the service requirement and if you have challenges in the approval of the second mortgage
02. Reviewing Mortgage Loan and Documents
We will scrutinize loan documents to check if there is a first mortgage and the status will be updated into a report. We will check if the applicant is eligible for the second mortgage
03. Engage Borrowers to Fulfill Pending Documentation
Our loan support team will engage mortgage applicants to supplement missing documents and perform verification to qualify for the second mortgage
04. Creating a Report
Our observations and recommendations will be compiled in a report for further action from your end. Our report informs if the documentation and loan criteria are fulfilled
Other Services You Can Benefit From
Why Outsource Second Mortgage Loan Services To Flatworld Solutions?
Working with a partner like Flatworld Solutions can bring you fair share of advantages. You can always save time, money, and efforts that are necessary to qualify applicants for the second mortgage. The top reasons why you should partner with us are as follows -
Our ISO 9001:2015 certified services are designed to meet regulatory compliances at every stage of the loan process. Our experts have a thorough knowledge of federal guidelines and keep themselves updated with changes.
100% Data Security
We provide great care to ensure that the mortgage data is handled with confidentiality. We comply with the ISO/IEC 27001:2022 regulations that govern safe data management practices.
High-quality Second Mortgage Loan Support Process
We follow a checklist-based approach to ensure borrowers meet eligibility requirements. From employment history, credit scores, and property information we check and cross-check every document to ensure things are in order.
Highly Scalable Solutions
As a world-class second mortgage loan support service provider, we offer scalable services. We arrange for qualified and experienced processors at short notice and ensure you meet any sudden spike in second mortgage loan demands with ease. You can scale down your requirements after meeting your needs.
We understand the time constraints that are applicable to both lenders and borrowers. Therefore, we work with agility to ensure quick delivery of support services.
The second mortgage loan support services we offer are cost-effective and are therefore affordable to small and large mortgage lenders. This can save you thousands of dollars annually because lenders need not hire full-time professionals on payroll to provide support from their end.
We provide a single point of contact to personally offer support in every stage of the second mortgage loan process. From loan origination to loan processing; from property appraisal to title checking; and from loan underwriting to loan closing you can bank on us for all expert needs.
Experienced Team of Mortgage Support Experts
We are driven by a team of experts with a minimum of 5+ years' experience as a loan coordinator/processor. Our experts will help you prepare and process mortgage loan records from application through approval. They specialize in auditing documents to ensure accuracy prior to submission to underwriting.
We have a robust infrastructure that supports our team of loan processing agents. Our infrastructure includes document checking tools and workflow automated technologies that keep track of the process and avoid missteps.
Our well-established process follows a clear and open line of communication. Our experts communicate with your internal staff, brokers, appraisers, title companies, closing specialists, etc. to provide answers to inquiries, resolve issues and get all necessary documentation for the file.
Client Success Stories
FWS Helped A Mortgage Lender Improve Approval by 15%
We provided underwriting support to a reputed lender. Our support ensured that their loan approval by 15%. The client felt elated with the response after outsourcing the underwriting support.
Residential Mortgage Lender Benefits from Quick Loan Processing & 50% Reduction in Cost
We shrunk the closing time by 50% which was originally 30% before the residential mortgage client outsourced the loan processing to us. The response helped the client to elevate their revenue.
Outsource Second Mortgage Loan Support Services to Flatworld Solutions
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 »
Our team comprises expert mortgage professionals with diverse experience in supporting mortgage back office requirements. As a result, you can look forward to a complete solution for your needs - from loan origination to underwriting and closing. We blend our well-defined process with advanced software suites and the best of CRM systems to guarantee outstanding services. Aside from this, we go all out to ensure that our second mortgage loan approval process is cost and time effective. With 19 years of experience, we have emerged as the new leader in mortgage loan processing support.
Outsourcing second mortgage loan services company to boost the efficiency of your loan approval process is easy. Reach us now and we will give you a free-of-cost estimate.