Pre-fund QC: Seamless Loan Closures
Verity for Mortgage Process Outsourcing
An effective QC program is a key component of the lender’s overall control environment. At Verity Global Solutions, we understand the importance of closing loans without defects. We designed our pre-fund or pre-closing audit services to streamline mortgage lenders' quality control process overall and avoid post-closing QC defects
Our quality control reviews can provide a substantial return on your QC investment because Rest assured that you will comply with Fannie Mae, Freddie Mac, FHA, and various investor requirements.
Our quality control reviews can provide a substantial return on your QC investment because Rest assured that you will comply with Fannie Mae, Freddie Mac, FHA, and various investor requirements.
Verity's team of experts identifies and addresses any pre-fund QC audit issues on mortgage loans before they escalate. Our method is a proven union of experience and the backing of cutting-edge AI technology.
A brief sample of effective PFQC activities include: loan application,4506 transcripts before underwriting; appraisal, red flag checklist, clearing of anti-fraud alerts before approval, and proof of liquidation of assets that are to be the source of funds for closing.
A brief sample of effective PFQC activities include: loan application,4506 transcripts before underwriting; appraisal, red flag checklist, clearing of anti-fraud alerts before approval, and proof of liquidation of assets that are to be the source of funds for closing.
Key Features of Our Pre-Fund Audit Process
Quick Turnaround Time
Our streamlined process is speedy without compromising accuracy. You'll realize prompt loan closures to meet industry demands.
Compliance Assurance
Every aspect of the loan will align with regulatory requirements. We mitigate the risk of defects and ensure overall compliance.
Competitive Pricing
Verity Global Solutions takes pride in offering cost-effective solutions without compromising service quality, providing exceptional value for your investment.
Experienced Professionals
Our team comprises seasoned and knowledgeable professionals with years of relevant experience in the mortgage industry, ensuring comprehensive and accurate assessments.
Responsive Support
Transparent communication is our ethos. Our support team is responsive and dedicated to providing assistance and explanations for any findings in the audit. You will have a clear understanding of the results.
Scope of work
Our pre-fund mortgage quality control is designed to include or exclude calculations
Adhering to agency requirements
Get random and discretionary reviews done in real-time
Reduce Risk
With our detailed scope of work be assured of closing agency or investor-compliant.
Flexible Billing Model
Our pricing is subject to the scope of work and the average loan applications
Benefits of Our Pre-Fund Audits
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In-Depth Feedback and Analysis
In-Depth Feedback and Analysis
Our structured audits provide detailed feedback and analysis. You will have the power to make quick decisions and corrections for a smooth loan closure process
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Quick File Movement
Quick File Movement
Early identification and resolution of potential issues expedite file movement toward closing or funding, minimizing delays.
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Enhanced Decision-Making
Enhanced Decision-Making
Comprehensive audit reports provide valuable insights, enabling informed decisions that contribute to the overall success of your loan origination process.
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Measurable impact on quality and profitability
Measurable impact on quality and profitability
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Review of all the loan documents and agency requirements
Review of all the loan documents and agency requirements
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Monthly reports
Monthly reports
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Appraisal reviews
Appraisal reviews
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Real-time Quality check
Real-time Quality check
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Be ready to self report loans to investors
Be ready to self report loans to investors
Improve customer service with Verity.
Quality Control Outsourcing Advantages
1
Reduce Errors
Minimize mistakes in the loan origination process.
2
Sell Loans Faster
Accelerate loan sales to reduce time on warehouse lines.
3
Ensure Compliance
Comply with pre-fund requirements from FHA, Fannie Mae, and Freddie Mac.
4
Conduct Risk Assessment
Provide an overall risk assessment of each file.
5
Detect Fraud and Violations
Identify potential fraud and high-cost violations.
