Mortgage Closing Support for Lenders
Mortgage Closing is a complicated process where the title passes from the seller to the buyer after the mortgaged property is closed. And for a smooth transition, the closing documents must be collated properly, duly signed by both the parties, and recorded for reference. The new mortgage guidelines by the Consumer Financial Protection Bureau mandates that the lenders must deliver the closing disclosures to the consumers at least three business days prior to the date of consummation of the transaction. Failing to comply would attract penalties, which means as a lender you have to be thoroughly diligent in carrying out the mortgage closing process.
Outsourcing mortgage closing support for lenders to Outsource2india can help you overcome the challenges of delivering the document disclosures at the right time and successfully maintaining your consumers' data integrity.
Mortgage Closing Support We Offer
Mortgage closing has always been challenging for the lenders. Oftentimes, they are not in sync with the settlement agencies as they work on diverse platforms and most of the compliance regulations affect them differently. At O2I, we will work collaboratively with you on a secure web-based portal to manage the document disclosures. With our experienced mortgage loan executives, we can identify the inconsistencies in the closing documents and any impending compliance issues. The mortgage closing support for lenders we offer are -
Mortgage Closing Documents Collection
When you outsource mortgage closing support to us, we can gather all the required and applicable documents. These documents include flood certificate, appraisal reports, inspection reports, title search, mortgage insurance, homeowner's insurance, contracts, and the LE. We have a vast experience in assembling the closing support documents in an effective, flawless, and compliant way.
Data Validation & Property Title Evaluation
Outsource2india is one of the pioneer mortgage closing support for lenders in India with 10+ years of mortgage closing documents' data validation experience. Moreover, we are thorough in our process and have a dedicated auditing team to check for any inconsistencies in the final document. And after their assessment and approval, we proceed to the further step.
Closing Instructions Preparation & Dispatch
Once the closing documents' data and records are thoroughly checked and verified, we start preparing the closing instructions statement and send those instructions to the finance team along with wiring instructions, bank notes, and E&O insurance. Our mortgage closing support for lenders is 100% complied with all the federal regulations. We are also adept at levying pressure on settlement companies to follow cautiously in closing the mortgage loans.
Settlement Company's Tax & Fees Assessment
When you decide on outsourcing mortgage closing support for lenders to us, we would work with the settlement agents, escrow company, and attorneys to assess the requirements of tax and fees. We can check the reconveyance deed and the note, and if any fallout is found, we can take that to the settlement agents.
Mortgage Closing Support Tools We Leverage
At Outsource2india, we follow a streamlined approach for mortgage closing assistance for lenders. Some of the tools we leverage in the process include -
Our Mortgage Closing Support Process
At O2I, we ensure compliance-friendly mortgage closing support for lenders through our wide-ranging closing solutions. We will help you prepare and deliver the mortgage closing documents as mandated by the state and federal law. The closing documents include closing disclosures (CD), promissory note, the deed of trust, notice of right to cancel, certificate of occupancy, and the initial escrow statement. The mortgage closing processes we follow are -
Gathering and Collating Closure Documents
Valuation of Property Title
Arrangement and Preparation of Closing Instructions
Evaluation of Tax & Fee with Settlement Companies
Other Services you Can Benefit From
Benefits of Choosing O2I for Mortgage Closing Support
When you outsource mortgage closing support for lenders to us, we will take the safety and quality of your closing support process diligently. Our closing support solutions come with robust quality audits which ensures 100% compliance to the mortgage and federal regulations. Here are just a few of the many benefits of outsourcing mortgage closing support for lenders to O2I -
Outsource2india is an ISO 9001-certified organization which assures high-quality mortgage closing support for lenders. Our mortgage closing support team is highly motivated to help you with your closing challenges and inquiries. With their broad knowledge of the mortgage industry, they can connect with your customers emotionally and factually.
At O2I, our team of mortgage closing support executives has access to modern infrastructure in the form of world-class office spaces, uninterrupted network equipment, and the state-of-the-art mortgage closing tools and technologies.
We have over 10 delivery centers and four global offices. It allows us to collaborate with you efficiently and rendering our services when and where you need. Moreover, our mortgage executives work day in and day out across all the time zones to cater to your needs and queries.
Flexible Pricing Options
You can collaborate with us on the need basis. With our flexible-pricing options, you get the advantage of choosing the scope and duration of the mortgage closing support service from us. Our customized mortgage closing service enables us to focus on your pain points.
Our assorted knowledge of the mortgage industry and over 10 years of service experience gives substance to our credibility and allow us to efficiently get ahead of the changing demands and render industry-wide best services.
Our team of mortgage support executives is available 24*7. When you partner up with us, you can be certain that our mortgage executive will always be available for calls during your work hours, regardless of the time zone difference.
Economy of Scale
At O2I, we have the necessary resource capability, both in terms of expertise and support. You can depend on us for any spike in your business demands.
Customer Success Story
Streamlined Mortgage Services for a Residential Mortgage Lender
O2I streamlined mortgaged services for a residential mortgage, which helped the client reduce the cost by 40-50% and close loans 30-50% times faster. As a result, there was a marked growth in customer's business.Read more
O2I Shortened the Closing Cycle for a Reputed Lender
The client had approached Outsource2india for streamlining their existing closing cycle. We trained our professionals to handle closing process at client's end. We optimized their work flow and brought enriched results.Read more
Outsource2india delivered what they promised; delays in loan processing & lengthy closing time are now a thing of past. Our loan officers and borrowers are happy.President of a Leading Mortgage Lending Company in the US More Testimonials »
Outsource Mortgage Closing Support to Outsource2india
Outsource2india has been a pioneer in providing high-value mortgage closing support for lenders and a series of other mortgage closing support solutions to its global clientele. At O2I, we have an extended suite of mortgage closing support professionals who can provide you with a high-level of scalability & flexibility, which can be customized based on your service needs. We have in-depth knowledge and understanding of US and UK mortgage and federal laws. We have rendered our services to the exact requirements of retail lenders, investors, wholesale lenders, service providers, and even private mortgage insurance companies. We continuously evolve and modernize our mortgage outsourcing process to deliver immeasurable value to our clients. Get in touch with us today for reliable, efficient, and cost-effective mortgage closing support for lenders.