Are you concerned about high operating cost and changing regulations in mortgage post-close stages? Are you understaffed to carry out post-close QC audits internally? Joining hands with a post-close QC audit support services provider like us can lower your operating cost and eliminate the need to hire dedicated auditors. Once documents are signed and forwarded for financing, we will carry out diligent auditing to ensure that closing documents are error-free and compliant with the latest underwriting regulations.
Outsource2india is a reliable provider of post-close QC Audit support services in India. Our back-office support for post-closing mortgage comes in an affordable package to help you send clear loan documents to the escrow services. We specialize in the review of origination, HMDA, and all legal documents to ensure maximum compliance.
Mortgage Post-close QC Audit Services We Offer
When you offshore post-close QC audit support services to O2I, we take the responsibility to move fully signed closing documents between origination points in short TAT. Parallelly, we carry out integrity verifications and diligent quality control to fill the gap wherever documentation is partial. By outsourcing post-close QC audit support services, you can get the following support -
QC Audit and Loan Document Review
Once you outsource post-close QC audit support services to O2I, we will begin the port-closing process that includes loan document review. We will check the integrity and completeness of tax records, modifications, trust deed, UCC records, mechanic's lien, judgments, assumptions, and much more. Once all closing documents meet the mortgage code requirements and accompanying compliances, we will provide further assistance with lien release, assignment, as well as final title policy. It is our goal to complete the QC audit and document review without extending the communicated deadline.
Evaluation of Risk and Data Integrity
Using high-quality auditing software, we will execute the QC audit on multiple loan types. Our specialization in Freddie Mac, Fannie Mae, VA, CFBP, TRID, and FHLB guidelines will help lenders identify and counter potential red flags and risks in the post-close loan applications. Our post-close QC audit strategy can be customized to analyze every information you provide. This includes loan documents for conforming as well as non-conforming loans, reverse annuity loans, subordinate lien, and much more.
Full Compliance Review
Mortgage landscape is dynamic, and it is a monumental effort to stay on top of recent updates in regulatory compliance. This is where we come into picture. Our compliance review services will ensure that your client's closing documents are in spec with the up-to-date regulations and fully satisfy the requirements of compliance bodies.
After you upload the mortgage files in our document management system, we will diligently audit the borrower portfolio to give you a clear picture of their repayment capacity. Ahead of the auditing process, we will meticulously prepare the mortgage reports on income, assets, and employment to make a comprehensive assessment. We will also create a reliable credit report that can be easily referred for knowing your client's financial background.
Re-verification of Assets and Tax Transcripts
We will carry out a desk review of the collateral to check if the reported value is accurate and MERS compliant. Knowing the asset value will enable lenders to quote a fair market value for the collateral that will be useful in the event of foreclosure. We will also perform secondary verification of tax receipts and property title to prevent delinquencies.
The Post-close QC Audit Process We Follow
The process involved in post-close QC is straightforward and easy to evaluate performance. The post-close QC audit is a safe option to consider especially if you are looking forward to cost and performance benefits. The steps involved are as follows -
01. Requirement Aggregation from Lenders
We will work with lenders to collect their requirement along with their client's mortgage data
02. Verification and Validation
We will scrutinize the reported mortgage and asset documents to check if they are complete and accurate
03. Report Submission
Our observation will be compiled in a detailed report that will act as an actionable insight for lenders to take the right decision
04. Re-verification and Report Finalization
The rectified report will be verified once more to ensure that no stone is left unturned. Only then will our experts sign off the service
Other Services You Can Benefit From
Why Should You Outsource Post-close QC Audit Services to O2I?
Outsource2india is a global provider of post-close QC audit services because we have rich experience in extending the best post-close support to lending institutions across the globe. We have become successful in post-close QC audit for the following reasons -
Certified Provider of Post-close QC Audit Services
Oustource2india is an accomplished outsourcing company that is ISO 9001:2015 certified and passionately caters reliable post-close QC audit services to lending and loan processing companies.
We are an ISO/IEC 27001:2022 certified company that has made the security of your confidential mortgage data our number one concern. We routinely evaluate the security landscape of our data and document management system to ensure that your data is always safe and secure.
High Accuracy and Quality Service
The post-close QC audit services are implemented to match the quality standards of the industry. We have quality control analysists who will spend much of their time ensuring a clean workflow and reliable results.
Short Turnaround Time
Our specialty lies in completing post-close QC audit in short turnaround time. It will help you lower the cost of operation and man-hours spent on document processing.
The post-close QC audit is highly scalable and helps you double the mortgage application intake without frustration because we work with speed and caution to keep up with your business volume.
We provide customized post-close QC audit services that can benefit every price-conscious lender. Whether you have small or big spending capacity, we can help you get the best opportunity without draining your budget.
Single-point of Contact
When you choose our post-close QC audit solution, you can also get a single point of contact as dedicated support to manage your needs. We will treat your concern as a pressing matter and find quicker ways to resolve them with maximum efficiency.
Experienced Team of Post-close QC Auditors, and Mortgage Specialists
We have, behind us, 25 years of experience in post-close QC audit. Our team of mortgage auditors and specialists whose numbers are slightly over 500 has impeccable skills in QC auditing process. With a friendly approach and commitment towards your requirements, we will deliver the project in the stipulated time frame.
Backing our team of brilliant problem solvers are an array of heavily modernized technology, security, as well as brick and mortar infrastructure. Fully geared to resolve your challenges with precision, we offer a safe path which can help you derive the best value through standardized practice.
Customs Post-close QC Audit Software & Tools
We are never short of using the latest software and hardware for scaling operations. Our technology infrastructure includes state-of-the-art automation-heavy software to facilitate speedier decision making.
Secure File Sharing
Sharing files are fast and efficient. This is taken care of by SFTP and VPN that are continuously cared by security experts by keenly watching for security events.
We have call center specialists and subject matter experts who are highly available on a 24/7/365 basis to help you resolve challenges after outsourcing post-close QC audit. It is easy to get our representatives to have a look at your concerns with care and gentility. We can be contacted via phone call, email, or web chat to get a lightning fast response.
Customer Success Stories
O2I Streamlined Mortgage Services for a Residential Mortgage Lender
The closing time of a residential mortgage lender was cut from 3 months to a few weeks with O2I's specialized mortgage services.Read more
Leading Mortgage Lender Experienced 15% Increase in Business with Our Mortgage Underwriting Services
The underwriting process in the queue was sped up by O2I's high-precision mortgage solution for a leading US mortgage client.Read more
I have worked with Rajeev and his team at Outsource2india for the last 3 ½ years. I have been continually impressed by the level of professionalism and integrity of the O2I team has provided. We are looking forward to many more years of partnership with this great company.Senior Vice President,
Fast Growing Mortgage Company More Testimonials »
Outsource Mortgage Lien Release Support Services to Outsource2india
Outsource2india, with 25 years of experience has been the go-to provider of mortgage services to multiple small and big lending institutions. We can accommodate your request with care and quality because our expertise is built around delivering high-quality post-close QC audit services for your business. In this way, you have a harmonious relationship with borrowers who are a step away from getting financing for housing and real-estate projects. Our services are a by-product of continuous innovation and a deep understanding of the most pressing challenges evident in the mortgage industry.
Connect with us to let us customize post-close QC audit services for your business needs and budget size.
Post Close QC Audit Support Services FAQs
What is a post-closing audit?
A post-closing data integrity audit is usually conducted after closing to consider any loan deficiencies that may have occurred during the loan process.
What is post-closing in US mortgage?
This is where all the documents signed at the closing table are properly filed and/or mailed to the appropriate parties and all payments as itemized on the settlement statement (HUD) are sent.
What is a QC audit?
A quality audit is the process of performing a systematic examination of a quality system and is carried out by an internal or external quality auditor or audit team.
How much does a post-closer make?
The average salary of a post-closer is $33,000.