Outsource Mortgage Pre-Underwriting Support Services

Expert Mortgage Assistance has over 10 years of experience in assisting lenders with a thorough validation process for loan approval. Our expert back-office support with mortgage pre-underwriting support services enable you to establish appropriate qualifying processes in a loan application and it's in-depth verification. We use our diverse exposure to the mortgage industry to save lenders from spending valuable resources on loan applications that have fewer chances of reaching loan approval.

As a global mortgage pre-underwriting services company, we bank on cutting edge CRM systems, document management systems and multi-step information review processes to improve the efficiency of your mortgage loan approval process. Our mortgage services help you ensure that the best quality customer loan profiles reach the underwriter’s table for consideration. Outsource mortgage pre-underwriting services to us to improve accuracy and better turnaround times of your mortgage underwriting process.

Our Comprehensive Mortgage Pre-Underwriting Support Services

Borrower File Review

We verify all information that is supplied by the customer in vital loan documents like form 1003 and other personal information. We meticulously review customer credit records like FICO scores and tax return documents to ensure the customer has the required financial stability to make monthly payments for the loan. We evaluate the entire credit profile of the borrower as per the guidelines laid down by Fannie Mae and Freddie Mac. As an experienced mortgage pre-underwriting support company, we follow a checklist-based system to ensure that all the critical aspects pertaining to underwriting are covered in our file review services.

Data Validation

Certain customer details like credit scores and employment history can be verified online using the Desktop Underwriter (DU), the official tool created by Fannie Mae and Freddie Mac. This tool helps us validate customer attributes like credit scores which are vital for the loan approval process. Our pre-underwriting support services include recording and digitizing our findings in the data validation process. By digitizing these vital information sets about the customer, we are able to establish the accuracy and speed needed to expedite the underwriting process.

Fraud Analysis

As a premium mortgage underwriting support services company, we leave no stone unturned to identify fraud. Our team of mortgage experts have the experience and acumen to spot missing or mala fide information. This obviates the need for the underwriter to send customer files back for completed information and thereby enables you speed up the underwriting process. Our fraud analysis encompasses all aspects of the customer file review process including running third-party reports. This ensures the underwriter has to focus only on decision-making.

Appraisal Ordering and Review

We take charge of title ordering and dispatch verified property information to the appraiser to boost the turnaround times of the appraisal process. Once the appraisal is over we carefully review the appraisal report to ensure that the process has been completed in a fair and error-free manner. With the appraisal process, we also provide you with the back-office support for insurance orders as well. We help you determine if the property that is being financed is good enough to be the collateral. All this makes it easier for your underwriter to take an accurate decision.

VOD and VOM Analysis

We verify all borrower’s information like pay stubs, W2 forms, asset information, employment history etc. by using Verification of Deposit and Verification of Mortgage forms. VOD and VOM analysis require an exhaustive approach that involves delving into the background of the customer. We provide you with expert back office support in this resource intensive process. With an accurate analysis in hand, the underwriter can zero in on a decision faster than the standard time.

Know Our Pre-Underwriters

Our pre-underwriters have a minimum of 4 years of mortgage processing experience. They specialize in reviewing select loans as assigned by the underwriting team and ensure they meet the standards as defined by the lender's policy. The course of their job requires them to make phone calls with mortgage loan originators or loan processors or to seek more clarification on loan files and conditions. Our underwriting teams bank on our pre-underwriters to identify conditions for loans, have a preliminary review of appraisal and title reports and even assist them meet requirements for internal and external audits.

Why Outsource Mortgage Pre-Underwriting Services to Expert Mortgage Assistance?

We bring a fine blend of mortgage experts and industry best practices to help you with all your pre-underwriting support requirements. Our meticulous level of review and validation of your loan prequalification steps improve the success rate of your underwriting process. Most importantly, we do all that it takes to produce diligently verified information to facilitate the underwriter’s decision-making process.

Here are some more of the benefits that you get by outsourcing mortgage pre-underwriting services to us:

• Access to a team of 1000+ experienced mortgage underwriting support staff
• End-to-end support services for pre-underwriting requirements
• Well-established process to verify information at the pre-underwriting stage
• Multi-tier review process to ensure complete accuracy
• Flexibility to scale up productivity by 50% under high work loads
• 30% faster turnaround times in the pre-underwriting process
• User of an inbuilt automated tool- MSuite to automate resource intensive tasks