Mortgage Process

Mortgage Transition Process

Mortgage Transition Process - Flatworld Solutions

Flatworld Solutions has been offering mortgage solutions to mortgage professionals, bankers, brokers and lenders across the globe for over 18 years. Our mortgage services are streamlined, process-oriented, and focused on internationally accepted standards, and help our clients get best return on their investments.

Have a look at our detailed mortgage process flow:

Loan Setup
Loan Setup
01
  • Splitting document and indexing to appropriate folders
  • Completing 1003 and other forms in LOS
Loan Processing
Loan
Processing Support
02
  • Initial QC, Credit check, and Pre-approval
  • Ordering & receiving third-party docs (Title, VOE & HOI)
  • Fetching case numbers for FHA and VA loans
  • Reviewing complete file & all supporting documents
  • Running DU/LP and ensuring there are no red Flags
  • Submitting the file for Underwriting
Underwriting
Underwriting Support
03
  • Review all the 4C's - Capital (assets), Collateral (property/REO), Capacity (income) and Credit (debts)
  • Add conditions for documentation to meet the eligibility and guidelines requirements for the loan
  • Support all pre-closing activities like credit supplement evaluation, VOE evaluation before closing, etc.
Closing
Closing Support
04
  • Closing document preparation, and final review
  • Clearing closing conditions and sending closing instructions
  • Preparing the Prelim document and reviewing the final document
  • Scheduling and coordinating closing
Shipping/Loan Delivery
Shipping/
Loan Delivery
05
  • Preparing and reviewing loan packages
  • Uploading documents on the Investor's portals
  • Filling up loan delivery form and submitting the package
Post Closing
Post Closing Support
06
  • Trailing document retrieval
  • Post-closing compliance audit
  • Quality control audit

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Flatworld Solutions

116 Village Blvd, Suite 200, Princeton, NJ 08540


Flatworld Mortgage LLC

116 Village Blvd, Suite 220, Princeton, NJ 08540


135 Camino Dorado, Suite 7, Napa, CA 94588.