Outsource Conforming Mortgage Loan Processing Services
Our back office support services for conforming mortgage loans help lenders streamline their process for faster loan approval times
Expert Mortgage Assistance has over 10 years of experience in providing lenders (Fannie Mae and Freddie Mac approved) with robust back office support with conforming mortgage loans. From verifying minimum credit score requirements to in-depth verification of customer documents such as pay stubs, W2 forms, to determine the eligibility of the customer for a conforming loan, we provide comprehensive back office support for end-to-end conforming mortgage loans. Our services strictly adhere to the guidelines of both the GSEs.
As a global conforming mortgage loan services company, we leverage cutting-edge technology like CRM systems with inbuilt process automation features and a team of highly qualified mortgage professionals to streamline your loan approval process. We guarantee fast turnaround times and consistently back it with high levels of quality. Our clients prefer to outsource conforming mortgage loan services to us because we impacted their loan approval process in impactful ways.
Our Comprehensive Conforming Mortgage Loan Services
We scrutinize customer information to ensure that they match the minimum credit score requirements. We take charge of the pre-approval process to determine the capacity of a borrower to repay the loan. We collect pre-approval letters and complete a detailed screening of customer profiles to ensure that there is no missing information customer profile interrupt the progress of the underwriting process. As a premium conforming mortgage loan services company we enable you to make well-informed decisions that have the maximum chances of receiving timely free payments from the borrower.
Loan Application services
With our loan application services, we ensure that the information that is furnished by your client to avail the loan are accurate and legitimate. We verify form 1003, W-2 forms, customer pay stubs, employment details and history to initiate the loan approval process. We adopt a systematic checklist-based procedure to ensure that no loan documents escape our scrutiny process. Our meticulous approach to validating the information in the loan approval process will ensure that there are minimal chances of the underwriter sending the loan file back with issues in information.
Property Appraisal Services
We liaise with your licensed property appraiser to schedule the property appraisal process. We simultaneously perform property evaluation on the collateral in the loan, to estimate its fair market value. We go into excruciating details of the property to record vital information like ownership details, ownership history, title information record of liens and lawsuits as well as insurance details and compile them into reports. These reports assist the property appraisal process and give you the high ground in the event of unforeseen circumstances like foreclosure and litigations
Review and Underwriting Services
Our conforming mortgage loan underwriting services eliminate communication gaps between the loan processor and the underwriter. We perform a comprehensive review and validation of loan information before the file is sent off to the underwriter. Our services ensure that the underwriter is equipped with all the necessary information to make well-informed decisions during the underwriting process. Our underwriting services directly contribute to the base of your conforming loan approval process.
We adapt our top quality document validation procedure for your loan closing process. Besides, we prepare detailed reports of the loan estimate, loan payment terms, the rate of interest and fully approved loan amount. We also include the list of documents that require customer signatures in the loan closing package. Our services are streamlined to help you secure the closing loan packages by including disclaimers, payment instructions and other supporting information.
Why Outsource Conforming Mortgage Loan Services to Expert Mortgage Assistance?
Our team of mortgage experts are well versed with GSE guidelines and we ensure that you are in full compliance of the requirements at all times during the life cycle of the loan. We adopt a systematic approach to the implementation of quality parameters. We ensure hundred per cent accuracy in loan information such as property ownership details, customer credit scores, property appraisal reports before the loan is forwarded to the underwriter. As a premium conforming mortgage loan services company, we deliver consistent levels of quality right from loan application to loan closing. Our services ensure that you will have the required levels of liquidity to approve newer loans by keeping your loans GSE purchase ready at all times.
The following are some more of the many benefits that you get by choosing our services:-
- A team of 1000+ mortgage professionals with extensive experience in the conforming loan approval process
- Rigorous QA procedures that accurately verify customer minimum credit score requirements, personal information, property appraisal reports and key underwriting criteria
- Multi-tier information review system to ensure accuracy of loan documents before it reaches underwriting
- Complete back office support with property appraisal and loan underwriting
- A dedicated compliance team to deal with GSE regulations and guidelines
- Flexibility to ramp up operations by 50% under high workloads
- Up to 40% reduction in per employee operations costs
- 30% reduction in total turnaround times of the loan approval process
- 100% data confidentiality and privacy
Looking for an expert conforming mortgage loan services company to provide you with diligent back office support? Outsource conforming mortgage loan services to Expert Mortgage Assistance for a world class solution.