Loan Post-Closing Services

Our review and audit process provides the pro-active tools necessary in today's market without the overhead costs associated with an internal post closing staff. Investor and Agency heightened scrutiny of purchased loans has resulted in the tightening of Sellers with respect to repurchase and indemnification. Constant changes in regulatory compliance makes our Post Closing Offerings instrumental in assessing risk and evaluating loan salability. The vigilance displayed in today's marketplace underlines the need for a good Post Closing Service.

We handle the receipt of signed and funded loan documents from multiple origination channels and process them before dispatching the complete loan file to the custodial service provider. Key processes such as the review of legal documents, origination documents, disclosure and HMDA documentation for regulatory compliance are performed offshore. In addition, the team also validates compliance with loan processing and underwriting rules and performs identification and retrieval of missing mandatory documentation. Finally loan data integrity validation is performed and the team issues a quality control report for the final documents. Exceptions, if any, are notified to the respective branches. We focus on validating the documentation involved in the closing process. Stringent verification of various legal documents, origination documents, disclosures received and the HMDA documentation follows to ensure that they comply with various mandatory requirements.

Our post-closing services include:

• Trailing Document Retrieval
• Assemble a Post Closing loan package
• Post Closing Data Integrity Audit
• Post Closing HMDA Audit (LAR)
• Tax, Insurance & Reserve Audits
• Due Diligence Setup
• Customer Service
• Early Payment Default