Are you ensuring quality compliance while processing a batch of loan applications? Are you low on bandwidth to handle a large volume of mortgage loan requests? Improper scrutinization of loan records can leave you exposed to risks that can otherwise be preventable. This is where you need the help of a reliable mortgage underwriting QC support provider like us.
Maintaining compliance in the mortgage industry is possible only if the players have a robust and consistent plan for mortgage quality checks. O2I ensures that money lenders are able to maintain compliance with HUD, Fannie Mae, Freddie Mac, FHA or other regulators by following a stringent quality control process for all mortgage loan activities. Our comprehensive quality control services for underwriting, loan pre-funding and loan post-closing minimize errors, reduce fraud and increase compliance.
Mortgage Underwriting QC Support Services We Offer
Dependable and efficient quality checks are important for the mortgage loan industry. O2I's commitment to excellence ensures that superior quality is maintained throughout the mortgage origination and closing process. Our services include -
Mortgage Prefunding Quality Control
Prefunding quality control services are meant for assessing error or anomalies in the loan before it is closed. We determine a suitable percentage of loans to be examined and then thoroughly go through each one of them to verify all the information, forms, supporting documents, loan selection process, and other components that make up the loan portfolio. We validate the accuracy of data and ensure that all the documents are available in the underwriting software or automated tool.
Mortgage Post Funding Quality Control
Ensuring that there are enough information and data to support the loan underwriting decision is a vital part of the process. We thoroughly assess the data integrity and verify the accuracy and availability of the supporting documents associated with each mortgage file post-funding. We also cross-verify the completed loan application, loan eligibility and if it matches with the allotted loan amount. We check if the credit, capacity, collateral and capital figures are correctly represented or not.
Mortgage Underwriting Quality Control
It is essential to do a thorough quality check of the underwriting decisions before the loan is cleared for funding. We check if the loan was appropriately underwritten as per prudent underwriting practices and sound judgment. We ensure data integrity before transferring the loan data to the automated underwriting system or to the investors. The underwriting report is comprehensively checked to make sure that you only fund loans that have a maximum probability of repayments. We also check if your client's mortgage files meet the underwriting standards of your company as well as investors.
Fraud control is an integral part of our services. Our team has vast experience and knowledge of how frauds creep in and we are quick at detecting any anomalies and discrepancies. We meticulously look out for any conflicting personal information, account transactions, large or multiple cash transactions, AVM comps that do not match with property, any missing information, and so on. We can identify any errors or omissions and discover any premeditated flouting of rules.
Mortgage Underwriting QC Services Process
Ensuring compliance with various mortgage laws is a tedious task that needs expert knowledge of the compliance and the framework to avoid complications and expensive blunders. Here is the process we follow to complete mortgage underwriting QC services at blazing speeds -
01. Requirement Aggregation from Lenders
We will collaborate with you to aggregate information on the underwriting requirement. This helps us understand how we can serve you better
02. Loan Document Collection
The mortgage records sent via SFTP is downloaded from our end and saved in the Cloud for effective collaboration between our loan QC experts
03. Review Compliances
We will compare the document after document to ensure every data is accurate and compliant with the latest mortgage laws before authorization
04. Report Submission
After completion of the underwriting, QC checks we will furnish a comprehensive and actionable report that can be used for further evaluation
05. Finalizing the Closing Package
We will compile the closure documents and other pre-verified data before sending the same over to you
Other Services You Can Benefit From
Why Should You Outsource Mortgage Underwriting QC Support Services to O2I?
In a highly resource-intensive mortgage approval process, the scrutinization of loan documents is mostly carried out in a jiffy leading to complications. You can incur financial losses if loans are approved without through and through evaluation. This is where we come in. At O2I, we leave no stone unturned to ensure compliance. Here are several reasons why you should consider O2I's mortgage underwriting QC services -
Certified Provider of Mortgage Underwriting QC Services
O2I is a state-licensed outsourcing mortgage services company which is certified to offer the complete range of mortgage loan processing services. When you outsource to us, you are in safe hands. We have a comprehensive checklist for multi-tier document verification and review that are compliant with the ISO 9001:2015 standard.
High Accuracy and Quality Service
Loan processing and underwriting is a long and complex task that is prone to oversight and errors. With our quality control services, your lending practice would reduce such errors significantly. By maintaining higher quality and service levels, we make our clients happy.
With simultaneous quality control audits at each step from loan origination to closure, your business can improve the speed of closing loans with confidence. With ISO/IEC 27001:2022 compliance, mortgage underwriting QC support solutions can reduce errors, mitigate fraud, ensure regulatory compliance and generate high-quality of verified data.
The mortgage underwriting QC services can be scaled up or down depending on your needs. We have the bandwidth to accommodate exigent needs without frustrating your team.
Our clients can save anywhere between 30-40% of their mortgage underwriting QC support costs by utilizing our solutions. Now it is your turn to take outsource2india advantage.
Single Point of Contact
We always assign a dedicated contact to every mortgage assignment to save your valuable time. We understand the struggle faced by people trying to convey their concerns to professionals handling the mortgage QC process. Therefore, our project manager can be reached via your preferred channel anytime, anywhere.
Experienced Team of Mortgage Underwriting Experts, and Mortgage Specialists
O2I is one of the top mortgage quality control companies that has been serving the mortgage industry for over 15 years. We understand the mortgage lending workflows and know how to optimize the entire process. You can trust us for providing top-notch services.
Customs Mortgage Loan Boarding Software and Infrastructure
Our team works in a state-of-the-art facility with popular industry-specific software and automation tools. We use tools like M-Suite (a document management tool) and many other latest loan management applications.
Guaranteed Data Security
We understand the importance of maintaining total data confidentiality while handling sensitive customer information. We follow stringent guidelines to make sure that there is no breach. We have a secure FTP and VPN network through which we communicate and share data with our clients.
Our clients enjoy round-the-clock access to our mortgage support services. We have a flexible service model that support all the time zones.
Client Success Stories
O2I Streamlined Mortgage Services for a Residential Mortgage Lender
The mortgage closing time was compressed from 3 months to just 3 weeks by Outsource2india's expertise. Our comprehensive mortgage services brought value adds to the client in no time.Read the Case Study
Leading Mortgage Lender Experienced 15% Increase in Business with Our Mortgage Underwriting Services
The underwriting backlog was resolved by Outsource2india with speed and accuracy. The client saw a 15% increase in the returns thanks to our underwriting experts and their skill.Read the Case Study
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 Underwriting QC Support Solutions to O2I
O2I is a renowned provider of mortgage underwriting QC support services in India. We are an ISO certified company with over a decade of experience in offering the complete spectrum of mortgage support services. We offer well-refined processes, transparent communication, skilled resources, swift turnaround, and superior quality of services. We can take care of any aspect of loan underwriting and quality control is just a part of that. Our clients choose us again and again for outsourcing mortgage underwriting QC support services because we offer professional services at affordable rates. Our flexibility to work along with your requirements, timelines, and budgets makes us a perfect partner for your needs.
Contact us today if you are looking for mortgage quality control companies. Our team is waiting to work with you.