Mortgage Pre-processing Services

The mortgage loaning business was severely hit by the recent economic recession and continues to be attempting to trot out the fallout that nearly done in the home-lending business within the USA. Today's volatile political climate and dynamical federal rules and laws solely create it harder to survive as a mortgage investor or broker whereas earning good profits. This dynamical scope of the mortgage landscape is, therefore, leading several lenders to include innovative, cost-effective solutions to satisfy unsteady client demands and higher-than-usual default levels.

Mortgage pre-processing may be a core activity for any loaning business and is one in every of the foremost long activities which may result in any delays within the method chain. Vedic INC mortgage pre-processing services may be a sure-shot economical, thanks to trot out this delay whereas guaranteeing your business is ready to focuses on growth and institution. At Vedic INC, our mortgage pre-processing services leverage high-end technology, worldwide delivery capability, and smarter knowledge analytics to remodel your mortgage loaning operations.

Our Mortgage Pre-processing Services

At Vedic inc, we've a team of practised mortgage professionals handling mortgage pre=processing services for our international customers. We have a tendency to work together with your mortgage brokers to quickly undergo the steps concerned and find all the required documentation prepared for federal and state disclosures. With a digital-first approach, we have a tendency to deliver superior and economical pre-processing operations support that guarantees a foremost self-service expertise to our customers. Our solutions include the subsequent-

Routine Initial Inspection Services

Mortgage review is one in all the mainstays of outsourcing mortgage pre-processing services. Our mortgage pre-processing team ensures complete dependability of the main points provided by you for all mortgage applications together with GFEs, W2s, pay checks, etc. All our agents square measure trained to perform these initial checks and promise 100% accuracy.

Rate Lock Services

We look out of the complete method of lockup the present rate of interest for a person for a given period of time (15/30/45/60 days). Our complete rate lock method is custom-made on a case to case basis as per your necessities. Mortgage rate locks are fantastic to draw in new home consumers, and that we make sure the entire process takes as very little time as doable.

CAIVARS Authorization

To secure the approval of loan, the candidate will have to pass through the (Credit Alert Interactive Voice Response System) screening. CAIVARS reports could be a long task, we tend to and that we} make sure that at each step we pre-screen recipients and verify that the borrower doesn't have any history of defaulting payments.

MERS Check 3

An extremely helpful database which can help track the entire mortgage process, from ownership to service rights throughout USA is MERS, or the Mortgage Electronic Registration System is. All the mortgages are approved by Fannie Mae, Ginnie Mae, FHA, Freddie Mac, and VA amongst others can be tracked though MERS. Just by checking the MERS website to find out if a borrower has an existing loan or other related expenditures our team can compile efficient reports.

IRS Transcript Requests

To quickly confirm the income of the borrower and compare it against his/her loan application we leverage the Income Verification Express Service (IVES) program and for the same, we place a request with the IRS for Transcript of Tax Returns by filling up a form.

Appraisal Orders

To speed up the mortgage pre-processing timeline, we order appraisals only from authorized appraisers by sending an email with the loan application reference and property details. We verify the payment receipt (for appraisal fee) to reduce any delays as well before placing the appraisal order,

LE Form Review

The loan estimate form contains every borrower details such as loan term, purpose, product bought, loan type, taxes involved, insurance and overall assessment. Our team of mortgage service professionals ensure complete correctness of the LE form within a brief time.

Vedic Inc Mortgage Pre-processing Procedure We Follow

01 Document Validation

We make sure that all varied documents associated with the mortgage loan application are reviewed and validated with complete accuracy as we are one of the foremost providers of mortgage pre-processing services in USA, we can’t afford to leave any loophole. In case if required we request supplemental records and follow up with the necessary parties in case of incorrect information or lost documentation so that further processes can go on in a timely manner.

02 Complete Compliance

We ensure that we remain compliant to all state and federal regulations throughout the mortgage pre-processing process. Our team of mortgage professionals are continuously trained in mortgage laws, and this ensures that all the processes work as required without any halts or untoward incidents.

03 Index Files

Throughout the pre-processing stage, we gather updated information for the loan criteria and the documents necessary for loan pre-processing. To keep all updated information in the same place we index all such information on a regular basis. We use electronic indexing tools to cut and also make sure that you have access to the same wherever required.

04 Collect Certificates

We help to collect and file them properly for future use once the requested certificates are issued. Once again, our e-indexing methods ensure that the entire history of the borrower, his documents, and all the certificates are easily available in one central location.

Why Choose Vedic Inc for Mortgage Pre-processing?

With a collective experience of more than 100 years in working with both Fortune 500 mortgage companies as well as small community lenders, we have managed to devise an efficient, cost-effective mortgage pre-processing template. The benefits we offer if you outsource with us are as follows -

Data Security

We ensure complete reliability when it comes to handling copious amounts of sensitive data in a secure, effective manner. We have worked with companies who held data security paramount to their efforts, especially when it comes to mortgage lending. You will never have to worry about data leaks and hacks with our high-end data privacy measures coupled with our clean record and secure infrastructure.

Cost Effective

Bulk collection of data and regular customer follow-ups are required in mortgage pre-processing. This monotonous and time-consuming affair can often become a large cost centre for your business and may require a large amount of investment. You can even avoid rising costs just by outsourcing mortgage pre-processing to us

24x7 Customer Support

We assign a dedicated project manager to take care of all your requirements and meet all your internal standards of communication throughout the course of the project. Customer satisfaction is an integral part of our business and we make sure neither you nor your customers are ever left hanging with a question for too long.

Autonomous, Fast processes

Seasoned mortgage professionals autonomously lead the team of mortgage resources who can function without the help of your managers. This ensures you spend very little time on keeping an eye on us, while still maintaining high levels of reliability through our daily reporting function.

Mortgage Pre-processing Services