Mortgage Loan Processing Support

Acquiring a mortgage loan is a tedious, time-consuming, and labour intensive process for not just for lenders but for borrowers, real estate agents, sellers, and anyone else directly or indirectly linked to the mortgage transaction from initial application approval to closing.
At Vedic Inc we believe that with the right tools and access to the latest technology, and with professional mortgage assistants, the time for mortgage loan processing can be reduced, and it will ultimately lead to faster closings and better growth for business. We have provided our efficient processing support services across the complete mortgage lifecycle and worked with global mortgage lenders. From origination of the loan till the processing support, servicing, pay-off, and lien satisfaction, we make sure that our in house mortgages specialists take care of all your requirements.

Assistance with Mortgage Loan Processing

Our mortgage processing department help clients to rapidly adapt to changing market situations and also improve their customer retention numbers and satisfaction ratings. We provide the following services -

Document Collection

If the mortgage processing is improper or late collection of documents, it will result in delay. We make sure that the entire process of gathering documents related to mortgage loan application is completed in the shortest possible time. Following are the documents required for the mortgage loan processing -

Bank statements, pat stubs, W2s, etc.
Bank/mortgage/pension statements
Divorce decrees and escrow documents
Child support documentation
Property flood certificates and homeowner's insurance documents
In case if you need, we can also help you with preparing loan estimate (LE)

Reviewing Documents for Compliance

We review the documents throughout the entire process of document preparation and fulfilment. Our solution can easily deliver thousands of mortgage documents on a daily basis which are related to both servicing and loss mitigation and each of which has been suitably reviewed for compliance. We can review -

Borrower's authorization documents
Forms 1008 & 1003, W2s, LE, etc.
Any other documents as per your request

Credit Scoring

With the help of our excellent credit scoring support services you can make better lending decisions, while receiving richer &more predictive trends in credit scoring behaviour by FICO, 3-Bureau, etc.
We can perform credit check for all your borrowers on a regular intervals -

Pre-screen credentials
We can check the latest social security status
We can Review existing loans (with MERS)
We can check for any defaults in tax returns and payments.

Credential Verification

We can also perform a thorough and in-depth verification as per our client's request-
All the documents submitted by the users
VoE, VoM, VoD
Property’s sale history
In case if its required we can also actively monitor all federal and state-specific forms on a per-user basis and deliver timely reports for the same

Why Choose Vedic Inc for Mortgage Process Outsourcing Support?

We have provided end-to-end support for mortgage services as per their exact requirements and have partnered with several top-tier mortgage lenders.

Industry Expertise

We can effectively anticipate the changing demands of the mortgage industry and tailor our services to the same because we have diverse industry specific knowledge

Cost Savings

We have a team of highly skilled and knowledgeable personnel who over the years, we have fine-tuned themselves to rely on proven process automation methods. This results into better cost savings for our clients

Customized Solutions

We tailor the solutions for each individual as per their support needs their business model and their balance sheets

Mortgage Loan Processing Support