Pre-Underwriting (Underwriting Step 1 of 2)
Kensium BPO provides mortgage underwriting assistance through a two-tiered underwriting process. The first step, pre-underwriting, begins before the project is handed off to our pre-underwriters. To ensure the pre-underwriters produce correct decisions the first time, our mortgage processing services team reviews the file to identify and address any potential red flags.
Producing a Loan Decision
Once the file has been thoroughly reviewed and passed along, our experienced mortgage pre-underwriters use an established underwriting tool to review the 4 Cs (credit, capacity, collateral, and capital) and deliver an underwriting decision. Additionally, our pre-underwriting services team uses a loan origination system to update information and loan parameters.
Using Tools for Accuracy
These tools allow our pre-underwriters to effectively review documents containing income, asset, credit, and property information and provide key deliverables such as loan-to-value ratio, debt-to-income ratio, and any outstanding loan conditions. Any discrepancies found in this phase are immediately addressed, with our pre-underwriting support team taking the necessary steps to correct any missing or misrepresented information.