Conventional Mortgage Loan Processing Services

Expert Mortgage Assistance has over 10 years of experience in providing robust back office support for lenders specializing in conventional mortgage loans. Our services encompass all aspects of conforming and non-conforming conventional mortgage loans, starting from pre-qualification to post-closing. We bank on modern day technology and a diligent support structure to enable you to reduce the turnaround time of your conventional loan approval process.

We follow a systematic approach to document collection and verification of customer information that greatly reduces the risks of your underwriting process. Our clients outsource conventional mortgage loan processing services to ensure the demand for this type of loan is matched with the right levels of service efficiency.

Our Comprehensive Conventional Mortgage Loan Services

Pre Processing Services

From collection and verification of customer documents to CAIVARS screening, appraisal ordering, loan application and rate lock, we assist you with the management of customer data with well-established quality protocols. We collect and classify vital customer related information such as pay stubs, W-2 forms and form 1003, to compile profiles. We digitize these details for other critical steps of the pre-approval process like MERS verification. We prepare disclaimers after the document verification steps thereby helping you make the entire pre-approval process more efficient and fast.

Loan Processing Support

We thoroughly check customer employment history and perform a credit check to ensure that they match all the compliance requirements for both conforming and non-conforming conventional mortgage loans. We verify all documents like pay stubs, W-2 forms and borrower authorization documents to eliminate any errors in information while recording them onto the CRM system. Our multi-step document verification process ensures a greater level of accuracy in your conventional mortgage loan approval process.

Loan Underwriting

Our services focus on the quality and accuracy of information, which is your underwriters will find it easy to make well-informed decisions. We take care to provide complete and well analyzed property appraisal reports which mostly obviates the need for the underwriter to seek too many clarifications. We instate fraud review steps to scout for fraudulent activities during the approval process of a conventional mortgage loan. The efficiency of our support with the underwriting process has helped improve the approval times of jumbo loans as well which contains loan amounts that are almost twice the amount of a conforming mortgage loan.

Mortgage Closing Services

We provide you with quality mortgage closing services by catering to the mortgage closing support requirements of your clients. As an experienced conventional mortgage loan services company, our team of mortgage experts examine property title and check for easements and push for faster loan approval times from the underwriter. Conventional mortgage loans are stricter than government backed loans in terms of quality of information supplied. We scrutinize documents carefully to cross-verify the customer’s ability to repay the mortgage loan.

Mortgage Appraisal Support

We provide you with full-fledged support for managing all your property appraisal requirements. This includes ordering for appraisals, and reviewing the appraisal report upon the completion of the process. We review the report to cross-verify and establish the accurate estimate of the property value. We verify vital details like property sales history, title information and property number to ensure that there are no discrepancies in the appraisal report when it reaches the underwriter.

Mortgage Post-Closing Services

After the loan is approved by the underwriter, we compile the package that is to be dispatched to the customer. We review tax requirements and mortgage insurance documents to ensure there are no shortcomings or errors that may lead to unpleasant legal complications. We provide back-office support with the audit of trailing documents like agreements and tax reports before including them in the closing packages.

Why Outsource Conventional Mortgage Loan Services to Expert Mortgage Assistance?

By choosing the services of a global conventional mortgage loan services company like us, you benefit from a well-rounded solution that integrates the effectiveness of an error-free document management system, multi-tier information verification steps and the services of diligent support staff. Our services are built from ground up to match the increase in the demand for conventional mortgage loans and to facilitate faster turnaround times of loan approvals. We provide consistent levels of quality across all components of your mortgage process in order to deliver error-free back office support.

The following are some of the benefits of employing our conventional mortgage loan services:

• 10+ years of experience in handling end to end mortgage loan processing
• Access to 1000+ mortgage specialists with diverse experience in the conventional loan process
• Comprehensive support for both fixed and adjustable rate mortgages
• Back office support for scrutinizing customer bank and invest statement, federal tax return statements credit score eligibility , employment verification etc
• Up to 30% reduction in operational costs
• Up to 30% reduction in TAT with 24x7 delivery model
• Highly scalable operations
• 100% data security