Do you face challenges while making mortgage loans saleable to Freddie Mac, Fannie Mae, or institutional portfolio managers? Are you failing to interpret the eligibility standards, investor selling guides, pricing guidelines, and negotiated variances? Then outsourcing whole loan purchase review will ease the burden on your back-end teams while selling loans in fourth markets.
Choose Outsource2india as your whole loan purchase review support services and you can stay worry-free because we have automated technology and skilled people who can ensure complete transparency in loan sale while guaranteeing full adherence to investor and underwriting requirements. Our goal is to simplify securitization so that the default risk is eliminated by removing the loan from your balance sheet.
Whole Loan Purchase Review Support Services We Offer
Outsource2india holds the reputation for being a trusted provider of whole loan purchase review solution that would lessen the burden on lenders to verify eligibility, policies, guidelines, compliances, etc. We offer a gamut of whole loan purchase review services that includes the following -
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Loan Document and Purchase Review
Running a complete comprehensive review with source documentation to evaluate fields that are critical for investors to understand the availability, completeness, and accuracy of the loan documents. If there are deficiencies and discrepancies that will impact the loan performance, the observations will be flagged and reported so lenders can consider further action to remedy the flaw. Our purchase review team will check if the financial and personal data furnished by borrowers is accurate and reliable to minimize the risk of payment default. Further, a purchase review report will be issued upon successful completion of the review.
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Data Quality Assurance
Our team of quality assurance specialists will verify if the loan origination data is clean and accurate before it is indexed. Using high-quality data validation strategy, we will optimize your data quality. Additionally, we will also run compliance checks to verify if the data adheres to HPML, TILA, FNMA, HOEPA, ROR, and MDIA.
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Portfolio Analysis
We will comprehensively review your loan package queued in the closing process. Our proactive assessment of loan portfolio will free your concerns on the repurchase or other risks that put a financial burden on lenders. Since loan repurchase instances have increased in the recent past due to errors in underwriting, post-closing and closing process, we take quality measures to provide reliable insight on risk exposure in whole loan purchase review.
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Service History Review
Our loan servicing support can be extended to your back-office team to identify irregularities connected to the collateral. We pay close attention to loan servicer comments to look for past liens, litigation, inconsistencies in the title, bankruptcy as well as other issues that plague the saleability of the loan in fourth markets. We extensively track loan service history to protect you (lenders) from potential market hazards and liabilities.
Whole Loan Purchase Review Support Process We Follow
The whole loan purchase review support services from Outsource2india is the right choice for you if you are time and cash-crunched. If you want service levels that can be counted upon in dire times, we are the people you can turn to. Being a leader in Whole loan Purchase Review Support Services in India and abroad, our services are transparent and straightforward. Here are the steps we take in WLPR support services -
01. Requirement Aggregation from Lenders
We will work with your team to aggregate requirement and other specifics that would allow us to decide the best course of action
02. Check Documentation
We will verify mortgage documents to ensure conformity to guidelines, regulations, and other latest rules
03. Report Submission
We will provide a detailed report to lenders that include every detail on our review and subsequent findings. This would give a 3-dimensional assessment of the risk
04. Finalizing the Whole Loan Purchase Review Report
After the review, we will provide a comprehensive report and recommended actions that can ease the process of selling the loan by mitigating the risk of repurchase
Other Services You Can Benefit From
Why Should You Outsource Whole Loan Purchase Review Support Services to O2I?
Outsource2india is a premier whole loan purchase review support company that has 25 years of consecutive experience in mortgage services. Our range of solutions including loan purchase review support has successfully served lenders far and wide. Here are more reasons to consider us for outsourcing whole loan purchase review support services -
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Certified Provider of Whole Loan Purchase Review Support Services
Outsource2india has acquired ISO 9001:2015 certification for providing high-quality whole loan purchase review support services.
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Data Security
We have excelled in managing data security with prudence. Our committed efforts to safeguard your confidential data has brought us ISO/IEC 27001:2022 certification.
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High Accuracy and Quality Service
When you offshore whole loan purchase review support services to O2I, you are presented with authentic results that meet the quality standards and can be achieved with the help of our expertise.
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Short Turnaround Time
The quick turnaround time we offer is inimitable when you outsource whole loan purchase review support services to O2I because we have served over 500 clients and raked up experience in a wide variety of challenges. This enables us to deliver on promises faster than other competitors.
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Scalability
Whole loan purchase review support services can be scaled up or down depending on your needs. We have the technology and right people who can customize the service based on your loan servicing needs.
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Pocket-friendly Pricing
The whole loan purchase review support services are affordably priced so that you can take advantage of price-performance benefits that can only be availed when you join hands with O2I.
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Single Point of Contact
We provide a dedicated care agent who will give the best and personalized support on a day-to-day basis to help you overcome some of the perplexing challenges. If you have queries meant for subject matter experts, we can help you get answers without putting you on indefinite hold.
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Experienced Team of Mortgage Processors, and Mortgage Specialists
O2I's large team consists of 400+ mortgage experts, origination and quality control specialists who come with decade-plus years of experience in whole loan purchase review support services.
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Modern Infrastructure
We have an up-to-date infrastructure that includes the latest technology, security, and access-controlled facilities housing resources required by our mortgage specialists.
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Customs Assignment of Mortgage Software & Tools
We are accustomed to using state-of-the-art software tools that can improve productivity as well as the accuracy of the whole loan purchase review.
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Secure File Sharing
File and document sharing are considered a safe process because we use highly secure FTP and VPN that will allow you to send files without concerns.
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Round-the-clock Availability
We are highly available on a 24/7/365 because we value your concerns and it is important for us to help you get past challenges without pushing you to the brink of impatience.
Customer Success Stories
O2I Streamlined Mortgage Services for a Residential Mortgage Lender
Shortening the closing time from an excess of 3 months to fewer days was made a reality for a mortgage client with Outsource2india's high-quality mortgage support services.
Read moreLeading Mortgage Lender Experienced 15% Increase in Business with Our Mortgage Underwriting Services
15% rise in workflow efficiency was met by a mortgage client by opting outsource2india's high-quality mortgage underwriting support services.
Read moreOutsource Whole Loan Purchase Review Support Services to Outsource2india
Testimonials
I have worked with Rajeev and his team at Outsource2india for the last 3 ½ years. I have been continually impressed by the level of professionalism and integrity of the O2I team has provided. We are looking forward to many more years of partnership with this great company.
Senior Vice President,Fast Growing Mortgage Company More Testimonials »
Outsource2india has 25 years of experience in mortgage services and have had a happy customer base in over 130 countries worldwide. Our services offer high-level satisfaction because we channel our efforts to solving your core concerns rather than stretching the timeline with a predictive approach. The whole loan purchase review is carried out by experienced agents housed in our delivery centers across the 3 continents. With the right technology and other supporting resources, we aim to help you (lenders) sell loans in the secondary markets with ease. We also offer other mortgage solutions such as mortgage processing support, mortgage closing support, appraisal support, and more.
Get in touch with us and include your requirement and other details so that we can customize a budget-friendly whole loan purchase review support services just for you.
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Decide in 24 hours whether outsourcing will work for you.
Have specific requirements? Email us at:
USA
116 Village Blvd, Suite 200,
Princeton, NJ 08540
116 Village Blvd, Suite 220, Princeton, NJ 08540
135 Camino Dorado, Suite 7, Napa, CA 94588.
Whole loan Purchase Review Support Services FAQs
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Which loan options are best for first time home buyers?
The main three types of loan options which are best suited for first time home buyers are the fixed-rate mortgage, the adjustable rate mortgage, and FHA or VA loans.
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What are the benefits of whole loan purchase review services?
The major benefits of whole loan purchase review services are resolve the challenges faced during sale and to interpret the eligibility standards, investor selling guides, and pricing guidelines.