Loan Processing Services in shreveport la

 

Professional loan processing services in shreveport la ensure HMDA and RESPA documents are executed according to both government and lender regulatory requirements, leading to improved pull through ratios and reduced closing times. Professional processors also identify "Red Flags" sooner than an average mortgage broker, helping reduce delays while improving overall process flow. Exceptional processors go above and beyond to make sure files are complete, legible and error free before sending it off for underwriting approval.

The certifying company system 63 utilizes software and rules to acquire, verify and document all data needed to assess both borrower creditworthiness and collateral sufficiency of real property used as security for loan programs. Once collected and delivered to lenders via electronic vault, this loan data set can then be used in making credit decisions as well as creating transaction documentation to close loans. Furthermore, as part of their delivery to lenders they also include a certificate of loan fulfillment as proof that loans were originated according to lender criteria as well as industry and regulatory standards.

Figure 4 depicts that the routing manager module 111 serves to facilitate bi-directional connectivity between the certifying company system and outside service providers. It connects to product decisioning platforms 123, 124 and 125 that automatically or manually order settlement service products according to investor rules or loan program stipulations; then uses its tracking mechanism to provide status information about those ordered products.

The portal servers 94 house the portal manager module 104 from FIG. 4, which provides access to loan transaction data sets via portals on certifying company Internet web sites. Meanwhile, security & entitlement manager module 112 establishes access rights through secure log in. Ultimately, an audit trail of all interactions between lender systems and their own ensures compliance with regulatory, security and business requirements.

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