Outsource Mortgage Pre-Fund QC Audit Services

Expert Mortgage Assistance has over 10 years of experience in assisting lenders to identify discrepancies in the loan documentation to ensure that they match current GSE regulatory requirements. Our extensive back office support with pre-fund QC audit services enables lenders to resolve underlying issues in a pending loan transaction before the closing process begins. As a global pre-fund mortgage quality control audit company our services scale up to the level of expediency needed to meet ideal pre fund audit requirements.

We conduct the analysis of income and liabilities of a borrower to ensure that the information included in the pay stubs and W-2 forms of the borrower are accurate. We conduct an in-depth review of the underwriting process and the property appraisal process before the file enters loan closing. Our clients prefer to outsource pre-fund QC audit services to us because we guarantee them accuracy and consistency of highest level.

Our Extensive Pre-Fund QC Audit Services

Loan Application Review

We perform an in-depth review of the information provided in the loan application documents by the borrower. We follow a checklist-based approach for verifying information such as name, employment history, the current status of employment, details of past mortgage loans etc. Every inconsistency in declaration is flagged and meticulously brought to the attention of the lender.

Income and Liabilities Assessment

We verify all supporting documents submitted by the borrower such as W-2 forms, pay stubs and bank statements with our liabilities assessment step. We provide you with a good understanding of the liabilities of the customer by creating reports during every step of the audit process. We bank on online systems like MERS to make accurate assessments of borrower creditworthiness.

Underwriting Quality Review

Our pre-fund services enable you to identify all the sources of risk associated with a customer file and address them before the loan is dispatched to closing. The review of the loan underwriting process is a vital aspect of risk assessment. We employ the use of multi-tier document verification steps to ensure all the information provided to the underwriter was accurate and the loan approval decision made by the underwriter was in keeping with all mandated requirements.

Appraisal Desk Reviews

Appraisal desk reviews are a commonly used procedure in the pre-fund audit process. It is used to critique the mortgage appraisal process. As a premium Pre-Fund QC audit and mortgage quality control company, our appraisal desk review service identifies flaws with the appraisal process. Our appraisal review desk will ensure at all costs that the mortgage loan amount funded never exceeds the actual value of the property.

Federal and State Regulatory Compliance

We customize our compliance services according to the type of loan financed to the borrower. Our team of mortgage experts keep track of change in guidelines and regulatory requirements and optimize the service accordingly. We ensure that the pre fund QC audit process takes place according to the latest GSE guidelines at all times. As a result, you will be able to finance only those loans that stand a sure chance of being accepted by GSEs.

Why Outsource Pre-Fund QC Audit Services to Expert Mortgage Assistance?

Our pre-fund QC audit services bank on industry best practices and cutting-edge technology to deliver high quality mortgage quality control audits. Our efforts as your back office support partner guarantees that your loans will be bought by GSEs like Freddie Mac, Fannie Mae, FHA, VA and USDA. We perform the review of mortgage loan files that have passed the underwriting process before the loan is closed and the closing packages are dispatched to the borrower. Our services reduce the levels of risks while at the same time is time-bound and cost-effective

As a premium Pre-Fund QC Audit Services company, we give you benefits such as:

• A team of 1000+ mortgage experts with in depth knowledge of the industry
• Over 10 years of experience in mortgage quality control
• In depth verification of important loan specific information like customer and property details
• Full compliance with GSE regulations and guidelines
• Checklist based approach to increase accuracy levels in eligibility and pre-fund audits
• Detailed reports on overall risk assessment of a the loan file
• Close to 30% reduction in operational costs of the audit process
• Flexibility to scale up operations by 50% under increase in operational demands
• Periodic feedback to the lender on changing guidelines