While mortgage closing may mark the official beginning of the financial relationship between the borrower and the lender, we don’t stop there. Our team continues with post-closing support services to ensure all guidelines (tax, insurance, etc.) are continually met and to apply any insightful information to later cases. We archive all reports and are able to reference your audits at a moment’s notice.
Ensuring Loan Saleability
Our post-closing support team performs assessments on the loan to guarantee it is saleable to investors. We follow up on relevant documentation, ensuring the loan is carried out properly and meets the expected compliance requirements. Additionally, we perform a post-loan evaluation to determine if the loan was suitable and successful for both you and the borrower.
A post-closing underwriting review is also carried out on closed loans that are being sold. Our team checks documentation to ensure completeness, accuracy, and legality of the sale. Both parties in the agreement are evaluated and reports regarding the status of the loan may be submitted to potential buyers. Post-closing underwriters move forward with re-underwriting the entire loan file to identify potential issues regarding compliance with regulations. Any discrepancies are brought to the attention of the lender immediately to ensure the loan is ready for sale as soon as possible.