Read this case study to find out how Flatworld Solutions helped a correspondent lender accelerate their pre-purchase review process leading to a reduction of loan purchase time by 40%.
The client is a licensed provider of mortgage services in 50 different states. They focus on wholesale, retail, and correspondent lending.
As a foremost contender in the correspondent lending market, it was difficult for the client to handle a large influx of business. Recruiting and training resources fast enough to cope with the increase in numbers was a huge problem, so the client approached us to narrow this gap. When we took over this task, we had to face the following challenges -
Through multiple webinars, our team familiarized with the customer's existing processes and started working with the internal troubleshooting team. The steps our team took are -
We took only 60 days to bring tangible changes that improved the pre-purchase processes of the client. A few direct results because of the process change include -
Thanks to the optimized internal processes, the client was able to keep an appropriate balance between uptake and delivery of the service.
Flatworld Solutions is a leading provider of high-quality pre-purchase review process services, mortgage indexing and data extraction support services, title policy and document retrieval support services, and a host of many other loan processing support solutions to its global clients. We have extended suite pre-purchase review process specialists that can offer highly scalable and flexible solutions tailored to your niche needs.
We have a deep understanding of US mortgage law and provide mortgage support services to meet the exact needs of retail & wholesale lenders, investors, private mortgage lenders and even service providers.
Get in touch with us today for consistent, efficient, and cost-effective pre-purchase review process services.