Mortgage Process
Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 20 years. Our mortgage services are streamlined, process-oriented, and focused on internationally accepted standards, and help our clients get best return on their investments.
Have a look at our detailed mortgage process flow:
1
Loan Setup
- Splitting document and indexing to appropriate folders
- Completing 1003 and other forms in LOS
2
Loan Processing Support
- Initial QC, Credit check, and Pre-approval
- Ordering & receiving third-party docs (Title, VOE & HOI)
- Fetching case numbers for FHA and VA loans
- Reviewing complete file & all supporting documents
- Running DU/LP and ensuring there are no red Flags
- Submitting the file for Underwriting
3
Underwriting Support
- Review all the 4C's - Capital (assets), Collateral (property/REO), Capacity (income) and Credit (debts)
- Add conditions for documentation to meet the eligibility and guidelines requirements for the loan
- Support all pre-closing activities like credit supplement evaluation, VOE evaluation before closing, etc.
4
Closing Support
- Closing document preparation, and final review
- Clearing closing conditions and sending closing instructions
- Preparing the Prelim document and reviewing the final document
- Scheduling and coordinating closing
5
Shipping / Loan Delivery
- Preparing and reviewing loan packages
- Uploading documents on the Investor's portals
- Filling up loan delivery form and submitting the package
6
Post Closing Support
- Trailing document retrieval
- Post-closing compliance audit
- Quality control audit
Contact us today, to learn more about our mortgage process, and outsource your mortgage requirements.
Contact Us
Mortgage Processing
Our Customers
Case Studies
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Flatworld's Automated Solution - MSuite Reduced Loan Closing Time Significantly for a US Client
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FWS Used its Tool, MSuite, to Enable a Leading Mortgage Company Streamline its Processes
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FWS Used its Tool, MSuite, to Enable a Leading Mortgage Company Streamline its Processes
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FWS Automated the Data Indexing and Extraction Process Using its Tool, MSuite, For a Top Mortgage Company
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Flatworld Automated Underwriting Processes for a Leading US Residential Lender
USA
Flatworld Solutions
116 Village Blvd, Suite 200, Princeton, NJ 08540
PHILIPPINES
Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000
KSS Building, Buhangin Road Cor Olive Street, Davao City 8000