In the mortgage sector, mortgage post-closing has grown in significance, especially in light of the record numbers of foreclosures and the ensuing laws and scrutiny. The whole procedure, which includes post-close reviews and HMDA audits, title registration confirmations, tracing, tracking, retrieving documents, data integrity audits, and other steps should be carried out without mistake and appropriately packed and delivered.
At Mortgage Audit Online, we will help you through the entire process. Because we promise error-free back office post-closing support services with acceptable response times, we are regarded as one of the top mortgage post-closing support businesses.
In order to guarantee compliance and completeness, our mortgage post-closing support services entail carrying out rigorous checks and audits. Before sending the loan files to the appropriate custodial service providers, we accept and process signed loan paperwork. We thoroughly check all legal, origination, and HMDA documentation for compliance.
Our staff verifies adherence to guidelines for underwriting and processing mortgage loans and, if necessary, locates any papers that may have gone missing. The integrity of the loan data is then verified, and we use this information to produce quality control reports that flag contentious and dubious situations.
Our End-To-End Post-Closing Support Services for Mortgages
Retrieval of Trailing Documents
A thorough analysis of the loan is necessary to evaluate the completeness, correctness, and integrity of all the data used to support the lender’s decision. To obtain trailing documents such as mortgage or trust deeds, assignments, tax records, revisions, assumption agreements, mechanic’s liens, UCC records, judgments, and more, we follow up with third parties by phone and email. Only after this procedure is finished are assignments, liens released, and final title policies issued.
The Post-Closing Mortgage Loan Package is being put together.
We compile a post-closing loan package for you by gathering all the documentation given during the whole procedure after a successful loan closure. These consist of the Note, the Trust Deed with Riders, and the Final HUD-1 with all required signatures. When putting out and reviewing a mortgage loan audit, we collaborate closely with brokers and title firms. We also assess if the post-closing loan package satisfies your needs.
Audit of Post-Closing Data Integrity
We carry out a post-closing mortgage audit to take care of any flaws that could have surfaced. This crucial stage for mortgage post-closing includes duties including confirming occupancy, taking care of concerns raised by the underwriters, etc.
Comprehensive Quality Control Audits
We go above and above Fannie Mae and Freddie Mac’s standards to examine a random 10% of each loan type’s completed loans with our thorough post-closing mortgage quality control procedure. During the post-closing phase, we take care to check all the data we have available for discrepancies, inconsistencies, and omissions. We have an internal quality control program for the post-closing procedure to assure flawless quality; this program is separate from the quality control carried out for the mortgage origination and underwriting departments.
Our post-closing quality control analysis offers a comprehensive approach to:
We have earned a reputation as one of the most reliable mortgage post-closing companies for third-party services because of our expertise in managing all these requirements with smooth efficiency.
Why Hire a Third Party for Mortgage Post-Closing Services
For Professional Mortgage Support
Because we provide them with a number of advantages, our customers opt to outsource the mortgage post-closing process to us. These consist of the following:
The support services for mortgage post-closing provided by EMA are precisely created to handle all the important areas of mortgage post-closing.
For information on foreclosure defense call us at (877) 399 2995. We offer litigation document review support, mortgage audit reports, securitization audit reports, affidavit of expert witness notarized, and more.