Quicker verification/ review and indexing of loan documents for retail, wholesale, correspondent channels.
Highest improvement in Application & Approval function, performed by SLK, for customer to achieve top 2 ranking in JD Power 2015 U.S. Primary Mortgage Origination Satisfaction Study Case StudyAdd Query
Ensuring compliance with TRID guidelines, providing accurate fees/cost within the tolerance limits and disclosure timelines, including re-disclosures.Add Query
24x7 application processing, conditions processing using a customized checklist based on analysis of historic data identifying pend issues or stale/incomplete documents. Supported by Voice-based services
SLK has helped its customers reduce their loan processing time by over 20% Case StudyAdd Query
Quick and accurate loan registration/ data entry into LOS including verification of information and check for completeness of loan file. Read More
Handling 25% Additional Volume without increasing Fixed Costs Case StudyAdd Query
Comprehensive qualification of Loan Applications - calculations, guidelines checking, reviewing and approving conditions.Add Query
Review of appraisals for underwriting, ability to complete accurate Broker Price Opinion.
A Technology Platform for Broker Price Opinion Read MoreAdd Query
Improve Mortgage Underwriting quality by QA of underwriting incl. Credit report, Income, Assets, DTI tolerance, Insurance docs, Title commitment, Real Estate contract, Subordination, Payoff, lending guidelines etc. based on loan product.
7% decrease in loan error rates immediately when UW QA introduced Case StudyAdd Query
Improved saleability and asset quality using loan level comprehensive Automated Compliance Audits including for federal and state guidelines.
Industry Standard Automated Compliance Audits Read MoreAdd Query
Review of loan to check for outstanding conditions, and to verify that information is consistent, complete and matches the origination system
37% Reduction in Closing Pend Rates for a Large Lender Case StudyAdd Query
Review all documents used at closing to ensure completeness and validate the borrower information with the origination system.Add Query
Input, verification and adding closing conditions - including loan and borrower information, closing agent information, title and taxes, appraisal, vesting, hazard insurance, fees, escrow and any payoff information.Add Query
Prepare the worksheet for closing including fees, escrow, payoff, etc.
25% Reduction in Mortgage Closing Turn Time Case StudyAdd Query
Balance information on fees between Loan Origination System and Closing Worksheet.Add Query
Reduce your risk exposure and increase saleability of loans by using our loan-level automated compliance solution for residential mortgage loans.
Managing TRID/Federal/State/local compliance comprehensively using industry standard automated solutionAdd Query
Review of all documents for closed conventional, FHA, VA and Investor loans to check for outstanding conditions, consistency and completeness.
Reducing Post Closing Error Rate below 5% and reducing Rejection Rates by 12% Case StudyAdd Query
Review of Disclosures for compliance to fee amounts and variance as per RESPA guidelines. Corrections and reprinting of disclosures.Add Query
24 hour turn around for review of disposition and communication being sent to borrower in case of denial of loan.Add Query
All services ranging from name and address changes, 1098 forms requests, waiver of fees, amortization schedule to credit reports correction, Credit report discrepancy reporting & updating.Add Query
Payment checks and exception processing, posting to account, correcting misapplied payments, excess funds, mortgage payment returns and bankruptcy warnings, etc.
20% Cost Reduction in Loan Servicing Case StudyAdd Query
Complete escrow functions including creation, modification, maintenance and deletion of escrow accounts, research and generation of reports of Principal, Interest, Taxes and Insurance (PITI) paid.Add Query
Releasing the lien on the property post mortgage loan payoff.Add Query
Early and late stage collections including loan information modifications and customer contact
Supported by our mortgage servicing experience and Voice-based services.Add Query
Nationwide real estate tax and municipal lien reporting at the click of a button.
Avoid costly penalties from outstanding property taxes, code violations, etc Read MoreAdd Query
Onshore or offshore borrower contact and customer support services Voice-based services.Add Query
Use of analytics, data reporting and mortgage processing knowledge for comprehensive workflow improvement.
Reengineering Assessment of Lockbox Services for a Leading Commercial Bank Case StudyAdd Query
Loan Registration, inputting and indexing combined with checking for completeness, verification of documents as well as calculations for the loan Read MoreAdd Query
Structured methodology for process mapping, assessment of risk controls, prioritization and roadmap for addressing control issues Read MoreAdd Query
Accurate entry and validation of every (manual) order to avoid misplacement, delay or duplication of orders.
SLK has helped its customers reduce their loan processing time by over 25% Case StudyAdd Query
Quicker assignment of orders to appraisers/vendors - selected based on their rating, proximity, price and availability; tracking appraiser appointments and updating the client on delays.Add Query
Detailed verification of all payments received to ensure accuracy and to identify charges or refunds.Add Query
Follow up on orders assigned to appraisers, validating and updating expected order completion time.Add Query
Tracking of appraiser appointments, confirmation of appointment, updating clients on delays, reallocation of revision and updates.Add Query
Reviewing Appraiser's License and validation of E&O Insurance, expiry date, License #, Name & Expiry Date.Add Query
Initial quality control of appraisals to verify compliance to guidelines and regulations.
Improving Appraisal review cycle time by over 20% Case StudyAdd Query
QC of appraisal reports based on revisions; review if any further revisions are required post initial submission of the report to the clients.Add Query
Review and exception handling of valuation where the variance is above threshold set by the customer.Add Query
Registration of new appraisers, including document collection, verification, and reference check, managing license and insurance expiration, receipt of signed contracts,etc.Add Query
Setting up/registration of lenders/clients on the Appraisal Management platform. Manage the lender relationships.Add Query
Add-on services to valuation services to complete portfolio of offerings that an AMC can offer.Add Query