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Mortgage Post-Closing Services
Mortgage Post-Closing Support Services
Rapidly changing marketplace creates, many challenges for lender In today's world of regulatory credit environment and that includes some stringent requirements such as borrower qualifications, constant compliance updates, etc., thereby increasing the complexity of the process.
Vedic Inc helps to streamline the entire process of mortgage post-closing for global lenders by providing high-quality review and professional audit support services. When you outsource your back-office requirements to us our timely reporting and accurate audits ensure that your operational costs reduce significantly. Before the application documents are sent to the service providers our specialized team of auditors and mortgage underwriters work on them while ensuring quick and on-time delivery.
Mortgage Post-closing Assistance We Offer
Our review and audit support services help you effectively manage your business requirements without having to worry about capex or operational costs of hiring an entire staff. Once the documents have been checked and signed, our team conducts strict audits and reviews them to ensure completeness and compliance. Below are some of our support offerings for mortgage post-closing -
Assembling the Loan Package
Our team at Vedic Inc assembles the entire loan package by compiling all the necessary documents after a successful loan closure. These include various trust deeds with riders, notes, final GUD1 with signatures, necessary addendums, etc. To save you valuable time and close loans within a short period Our executives work closely with title companies and brokers to review post-closing loan packages.
Post-Closing Data Integrity Audit
The data integrity audit or mortgage loan audit is a critical step in the mortgage post-closing process and is mainly done to address any kind of loan deficiencies. This step includes different processes such as owner occupancy verification, addressing any red flags from the underwriter etc.
Mortgage Electronic Registration System (MERS)
Loans which are approved with the Mortgage Electronic Registration System are registered by our team. We can register MERS as Original Mortgagee (MOM), Non-MOM Loans (by assignment), and MERS registration which enables companies to choose for loan tracking services and fraud detection at cost-effective rates without recording MOM.
Mortgage Quality Control Audit
To provide support for mortgage audit services we use top-quality auditing systems and processes. These services covers servicing, post-closing, compliance, pre-funding, cancel / reject, commercial loan, fraud investigation, audit, QC plan preparation, etc. To suit every client's business requirement our post-closing audit sampling can be fully customized. We have the expertise to audit almost all kinds of loan files including, non-conforming and conforming loans, sub-prime, subordinate lien, reverse annuity, , etc.
Trailing Documentation
The most critical parts of post-closing that starts after loan closure is document tracking. The trailing documents usually include tax deeds, assignments, assumption agreements, tax records, Uniform Commercial Code (UCC) records, judgments, etc. We make sure that all these documents are kept together and are easily accessible, as and when required for further processing.
Tax, Insurance, and Reserve Audits
As a part of our auditing process assisting, we review all insurance, reserve, and tax requirements followed by the mortgage loan closure. We even check if there are any problems and make sure that you have met all the necessary tax obligation conditions. We review the insurance policy and other policy documents thoroughly to look for any kind of errors or any discrepancies that may have crept in as well.
Why Choose Vedic Inc for Mortgage Post-closing Support?
Vedic Inc has been providing closing support services to clients around the globe since a long time. Some of the reasons you need to choose Vedic Inc to assist you with your mortgage closing services are -
- We have the relevant experience in providing mortgage closing support services to clients across different verticals
- We expertise in using cutting-edge technologies for the best mortgage post-closing support services.
- We completely maintain confidentiality of your data and make sure that your data is completely secure with us.
- various delivery centers make sure a quick service and on-time delivery.
- We have a team of trained mortgage experts who are always updated with the latest rules and regulations of the mortgage industry.
- Goood quality services at economical rates