Mortgage Underwriting Support Services

Mortgage Underwriting Support Services

Get the same-day underwriting turnaround time and cut your underwriting costs by 50%. Turn to our highly efficient mortgage support services

Will your loan officers be happier if they received underwriting decisions the same day or within 24 hours? How would your bottom line look if your underwriting cost were cut by 50%? Overcome margin compression and save more than half in costs by outsourcing mortgage support services to a reliable and experienced mortgage underwriting support service provider.

We have some of the most experienced and skilled mortgage underwriters who guarantee speed, efficiency, and accuracy. Our domain expertise is coupled with industry compliance and best practices. We provide 24x7 support, thereby extending your day, which results in improved operational management. While helping you to scale quickly, we leverage the latest tools and technologies to deliver world-class services to our American clients.

Mortgage Outsourcing Benefits

Mortgage Outsourcing Benefits - Flatworld Solutions

Mortgage Underwriting Support Services We Offer

Flatworld Solutions has been a pioneer in providing the best quality mortgage modification underwriting support services to clients for over 18 years.We can help you significantly reduce the time to close or time to fund the loan, reduce repurchase rates, and increase compliance based on GSE and CFPB guidelines. Some of the key mortgage underwriting assistance support services we offer include -

  1. Underwriting Support for Credit Unions

    Underwriting Support for Credit Unions

    We have the required skills and expertise to provide underwriting support for credit unions. We leverage the best tools and technologies to provide clients with automated underwriting systems, fulfilling loan requirements, risk management, and the final review of title and appraisals.

  2. Foreclosure Assistance Services

    Foreclosure Assistance Services

    Our team of mortgage experts has the required tools and technologies to provide you with accurate foreclosure services. We can provide you with pre-closure evaluation, contract negotiation, attorney management, remediation management, property evaluation, etc.

  3. Short Sale Support Services

    Short Sale Support Services

    We have a highly qualified and certified team of mortgage experts who can provide you with a series of short-sale support services. These include collecting proof of hardship, mortgage closing support, mortgage appraisal assistance, market analysis, deficiency evaluation, short sale title clearance, etc.

  4. Loss Mitigation Assistance

    Loss Mitigation Assistance

    We have the required skills and expertise to provide our clients with expert loss mitigation assistance from time to time. We can provide you with short sale management services, foreclosure management, borrower solicitation, custom load modification, etc.

  5. Loan Modification Assistance

    Loan Modification Assistance

    Our team comprises some of the most skilled and talented mortgage experts who can cater to any of your needs. We can provide clients with high-quality loan modification assistance including reviewing documents, income underwriting, completing the fulfilment process, etc.

  6. Mortgage Origination Underwriting Support

    Mortgage Origination Underwriting Support

    We have a highly skilled team of underwriting experts who can deliver cost-effective and high-quality services. Some of the key mortgage origination underwriting support services we offer include origination appraisal services, origination underwriting services, origination settlement services, origination QA, etc.

  7. Modification Underwriting Support

    Modification Underwriting Support

    Our team of mortgage experts leverages the best tools and technologies which ensure that we deliver the best quality modification underwriting support services. Some of the services we provide include loan mitigation, restructuring interest rates, mortgage term extension, partial claims, reduction in principal amount, shared appreciation, etc.

  8. Borrower Solicitation Support

    Borrower Solicitation Support

    We have the required skills and expertise to provide our clients with quality borrower solicitation services including determining the reason for non-payment, nature of delinquency, the status of the borrower, education and consulting the borrower, resetting the payment terms, etc.

  9. Underwriting Support for Lenders

    Underwriting Support for Lenders

    We have a highly qualified and experienced team of mortgage underwriting experts who provide a series of services for lenders. Some of the key services we include borrower creditworthiness assessment, borrower credit history appraisal, collateral evaluation, etc.

  10. Mortgage Appraisal Underwriting

    Mortgage Appraisal Underwriting

    Our experts will provide mortgage appraisal underwriting support to take care of document verification as well as compliance checks. We will check if the document and burden of proof are completely met before authorization of the loan. Our experts, being aware of the compliance laws will take not miss vital parameters that ensure a clean loan closure.

  11. Mortgage Underwriting QC Support

    Mortgage Underwriting QC Support

    The FWS' underwriting quality control professionals can review decisions as well as documents processed by an underwriter. We will check the validity and completeness of the pre-underwriting so that your loan decisions can be made with accuracy.

  12. Signing Support for Loss Mitigation

    Signing Support for Loss Mitigation

    We help you cut down the risks in underwriting where stringent standards aren't followed. We help you with signing support that includes mobile notary assistance, mail-to-borrower services, web signing services, and much more. Outsource today and save your time and money.

  13. Mortgage Foreclosure Title and Resolution Support

    Mortgage Foreclosure Title and Resolution Support

    We offer lenders and mortgage loan servicers complete foreclosure title and resolution support. We undertake title verification and hosting of other backend mortgage foreclosure functions to streamline time-bound foreclosure backlogs.

  14. Setting Up Loans for Underwriting

    Setting Up Loan for Underwriting

    Underwriters, in general, spend about 2 to 3 hours on underwriting a loan, however, about 50% of their time goes into setting up all the documents in the loan, some data entry and validation before they start calculating income, reviewing assets, credit history and finally taking the credit decision. Flatworld can help you increase the productivity of your underwriters by up to 35% by setting up the file as needed, performing data validations, and running the file through a compliance checklist.

    All the findings from our underwriting set-up team are sent to your in-house underwriters so they can expedite their loan review and take credit decisions in much lesser time. Our findings could also be shared with the loan processing support team as feedback for them to improve the quality of files being submitted for underwriting.

    We also specialize in providing underwriting support for credit unions.

  15. Clearing Loan Conditions

    Clearing Loan Conditions

    Once a loan review is completed, we prepare and send 'conditions to close' to the loan officer. Clearing loan conditions is a crucial aspect of underwriting and involves the preparation of a list of documents (specified by the underwriter) that are needed to support the borrower's case. This includes updated pay stubs, purchase agreements, letters of explanation, and so on.

    Our mortgage team checks to make certain that all requirements are fulfilled before issuing the 'clear to close' and final approval for the mortgage.

  16. Title Support

    Title Support

    Title Support is an important aspect of underwriting that protects the interests of both the borrower and the lender. We review the title documentation and ensure that the collateral property is free of any legal claims, liens, and lawsuits against it.

  17. Appraisal Quality Control

    Appraisal Quality Control

    This essential feature of a mortgage loan file involves the provision of an 'Appraisal Quality Control Report' that states the underwriter's views regarding the sufficiency and appropriateness of the collateral provided to support the mortgage transaction. The report also validates whether the property valuation is at par with the current market value.

    Our Appraisal Quality Control support services include a review of the property's sales history, photographs, location maps, appropriateness of the comparable, adjustments, etc. We also verify the authenticity of the report date, appraiser's signature, and license number.

  18. Fraud Guard Review

    Fraud Guard Review

    Our fraud guard review service ensures applicant creditworthiness through the identification of anomalies and potential falsifications in a loan file. Underwriters are trained to spot and verify potentially fraudulent items such as conflicting addresses (where the driver’s license address is different from the residential address), AVM comps mismatching with the appraisal, multiple cash transactions in several bank accounts, large deposits or withdrawals, and other possibly falsified details.

Other Services You Can Benefit From

Why Outsource Mortgage Underwriting Support Services to FWS?

Outsourcing mortgage underwriting support services to Flatworld Solutions can give you access to a plethora of benefits that you can take advantage of. Some of the key factors for you to choose outsourcing are listed here -

  • Data Security

    We are an ISMS-certified firm. This ensures that all the data you share with our team is safe and not divulged to any other party without permission.

  • Affordable Pricing Options

    We help our clients with highly flexible and affordable pricing plans which will suit their budget and business requirements perfectly.

  • State-of-the-art Infrastructure

    We understand the importance of the best quality infrastructure and have access to the latest tools and world-class office spaces.

  • Experienced Underwriters

    Our team comprises some of the most experienced and skilled experts who can cater to all your needs with ease.

  • Round the Clock Support

    All our teams including the marketing, sales, customer support, and project management are available at all times to answer your queries via email or phone.

  • Error-free Services

    We are an ISO-certified firm. This ensures that all the mortgage underwriting support services we provide will be of superior quality and error-free.

  • SPOC

    When you choose to partner with us, we will assign a dedicated manager to you. This manager will be the SPOC for all your needs.

  • Highly Scalable Solutions

    We have the required skills and expertise to scale up the mortgage underwriting support service requirements as and when the client asks for it.

  • Short Turnaround Time

    We operate through several delivery locations across the globe. This enables us to deliver the best mortgage underwriting support services within a quick time.

Client Success Stories

FWS Provided Automated Indexing Using its Tool, MSuite, to a Home Loan Provider

Indexing Automation Using MSuite

A leading client was looking for a partner who could help them with indexing automation. Our team at FWS provided the client with the required services using the MSuite tool.

Read more
Flatworld Automated Underwriting Processes for a Leading US Residential Lender

Automated Underwriting Processes to a US-based Lender

A well-known US-based lender was looking for an underwriting automation service provider. Our team helped the client with cost-effective services.

Read more

Testimonials

My team and I appreciate your continuous assistance and hard work. You make a great impact on our daily process, and it does not go unnoticed. Please let us know if you need anything! Thanks.

Lead Shipping Specialist, Residential Mortgage Company, Utah More Testimonials »

Outsource Mortgage Underwriting Support Services to Flatworld Solutions

Flatworld Solutions has been a pioneer in providing the best quality mortgage underwriting support services and a series of other mortgage support services to clients around the globe. We have some of the most experienced mortgage underwriters on board who can cater to all your business needs easily. We work with the latest tools and technologies while delivering top-notch services to clients.

Are you looking for an error-free and cost-effective mortgage underwriting support service providing company? Then, your search ends here. Get in touch with us today!

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INDIA

Flatworld Solutions Pvt. Ltd.

No.6, Banaswadi Main Road, Dodda Banaswadi,
Bangalore - 560 043


#81, Survey No.11, Indraprastha, Gubbi Cross, Kothanur P.O., Hennur Bagalur Main Road,
Bangalore - 560 077


Corporate Court, #15, Infantry Road,
Bangalore - 560 001


Flatworld Mortgage Pvt. Ltd.

No.744, 15th Cross, 24th Main, J P Nagar 6th Phase, Bangalore - 560 078

USA

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.

PHILIPPINES

Aeon Towers, J.P. Laurel Avenue, Bajada, Davao 8000


KSS Building, Buhangin Road Cor Olive Street, Davao City 8000