Mortgage Origination Support

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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.