(MENAFNEditorial) SumaSoftsMortgageBPOserviceshasbeen
assistingMortgageLenderstoefficiently
accomplishmortgageorigination,processing
andunderwriting.SumaSofthasdeveloped
atestedandprovenintegratedmortgageloan
originationprocessthatensurescollection,
organization,andevaluationofrequired
documents.
WhatarethelatesttrendsinMortgageBPO
servicesinUSA?
Hereare7trendsorwesayprocessesthatare
beingoutsourcinginMortgageindustryinUSA
1.Stacking&Indexing
Splitofdocumentsandclassificationof
documentsas perdocumenttypes
2.LoanBoarding
Enteringinitialinformationfrom1003,
Income,Credit,Title&alldisclosures
available
3.Pre-QC
VerifyingthedataenteredinCalyxor
Encompass360
&informingtheLoanofficeron
missingdocuments&findings
4.ThirdPartyDocumentsordering&Reviewing Title,Appraisal,HOI,FHAcaseetc.
5.InitialSubmissiontoUnderwriter
ClearUnderwritingConditionsto
taketheloantocleartoclose,
Uploadingtheloanpackage
6.Post-ClosingPackage
Creatingpostclosingpackageasper
stateregulatoryguidelines
7.WorkforceManagementTool
OutsourcingMortgagecompaniesthat
utilizeWorkforceManagementtools
andhavesomerelativeindustry
experiencethatkeepsyourcompany
competitiveedge
Suma Soft provides customized client-specific mortgage loan fulfillment solutions that reduce
costs, provide additional capacity as a fully compliant loan fulfillment partner. We can
also provide complete end-to-end mortgage loan fulfillment solutions or component-based
Mortgage BPO solutions.
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