Loan Processing is perhaps the most tedious and crucial part of a mortgage loan application. Most loans fall-out at this stage if not handled properly. We can help you attend to each of your loan with utmost care and do it within industry acceptable turnaround time.

Outsourcing your Mortgage Loan processing to us can help you with:

• Employ a smarter strategy not a harder one
• Increase the number of loans closed
• Shorten the closing cycle and get paid sooner
• Avoid advertising, hiring and training Mortgage Loan Processing staff
• Utilize less office space
• Rely on a specialist who has in-depth knowledge in Mortgage Loan Processing
• Increase borrower satisfaction

Outsourcing Mortgage Loan Processing to Flat world will eliminate the paperwork headaches and streamline the business process to generate time and cost savings for a lending institution like yours.

Service may be tailor-fitted to suit your processing needs.

• Customer Inquiry Support
  we will address the inquiries and concern of the borrowers and the loan officers throughout the processing stage.
• Application Completion
  Once we receive the application package from you, we will ensure that it is complete and with accurate information. We will request for and gather all missing information from the applicable source (e.g. Borrowers, Title Company etc.)
• Vendor Management (Title, Appraisal companies and Credit companies)
  We will coordinate with 3rd party companies and vendors in order to complete the documentations needed for the loan to be underwritten. We will perform the follow-ups as necessary to ensure that the documents are received in a timely manner. We will also deal with the vendors in resolving any specific issues with regard to their documentations. These can be your own preferred vendors or our we can provide you with one.
• Document Verification
  We will perform the necessary verifications to ensure the veracity and accuracy of the information from the gathered documents. This is of utmost importance as this is normally where a loan application falters due to misrepresentations and fraud.
• Loan Submission
  If applicable, we will complete the submission package and submit it to your lender of choice.
• Underwriting Support
  In processing the file, we will perform the function of a junior underwriter, reviewing the file based on the underwriting guidelines of your preferred lender. This can speed up the underwriting process and reduce fall outs as we will be able to raise red flags or inform you of any possible deficiencies that the file has. By doing so, we can also suggest an alternative program or lender.
  
  Once the file has been submitted for lender underwriting, we will closely monitor the status in underwriting and keep you and the borrower informed of any additional requirements until the file has been cleared for docs.
• Closing Support
  We will coordinate with the lender's closing department and the funders to ensure that all deficiencies are met for the loan to fund on time. We will prepare the HUD and other closing requirements for your review, before sending it to the lender or escrow.