Mortgage Origination Support

Powered by 20 years of industry experience,
our Mortgage Services are trusted by several lenders including the 4 of the Top 25 U.S banks.

Processing Administrative Support

Boarding & indexing

  • Faster and more accurate review, data entry and indexing of application information and associated documents.
    Coforge helps bank move up 5 places in J.D. Power overall satisfaction for mortgage origination

Review quality check of initial disclosure

  • Review of fees, cost, and other documents to ensure accuracy and verify the defined disclosure timelines and guidelines are met.
    45% productivity increase and 50% faster turn time in residential mortgage input function

Administrative & verification support for processing

  • Review of application information and identification of data discrepancies against client guidelines/ checklists to reduce rework.

Review third party documentation and enter data

  • Review and verification of third party documentation and input of information into the origination system.

Pre-Underwriting Support Services

Data Validation and Review

  • Validation of documentation requirement as per product, investor and bank guidelines. Condition for missing and/or incorrect information/documents

Income Analysis

  • Calculate income and ratios.

Assets / Collateral/ Credit /Disclosure Review

  • Review asset requirements, complete debt analysis as an input for ratio calculation, review of appraisal and disclosure already sent to borrowers.

Review of Trailing Documents

  • Review and stage the loan to underwriting

Underwriting Cover Sheet

  • Submit underwriter cover sheet detailing income calculation, ratios, debt analysis and recommended decision on the file

Data & Analytics

  • Trend analysis, reporting, and dashboards

Closing & Funding Support

Pre-closing quality check

  • Review of documents, information, and file to identify deficiencies prior to finalization of fees and costs associated with the approval of an application.
    37% reduction in closing pend rates for a large lender.

Pre-funding quality check

  • Review of documents, information, and file to identify any deficiencies and to ensure completeness of documentation prior to deal execution/ funding.

Closing worksheet initial preparation

  • Input data for and review closing worksheet to compute and verify fees and associated costs based on information included in the file.
    Enhancing customer satisfaction with support for 25% faster closing turn time.

Closing disclosure review and quality check

  • Compare and balance details on fees and cost details between the funding system and the associated closing worksheet.
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