Our “Loan Closing Agents” can assist mortgage brokers as well as lenders in streamlining their loan closing process to reduce loan processing time and costs. We prepare closing documents, coordinate with closing agents, review final conditions and ensure adherence to compliance statutes. The Client has to approve Final Closing Disclosure
Housing and Urban Development (HUD)
The process is initiated once the closing documents are received and reviewed by pre-closing team
Loan Post-Closing Services
We handle the receipt of signed and funded loan documents from multiple origination channels. We process them before dispatching the complete loan file to the custodial service provider. Key processes such as: the review of legal documents, origination documents, disclosure and HMDA documentation for regulatory compliance are performed, In addition, the team also validates compliance with loan processing, underwriting rules, performs identification and retrieval of missing mandatory documentation. Finally, loan data integrity validation is performed and the team issues a quality control report for the final documents. Exceptions (if any), are noted to the respective branches. We focus on validating the documentation involved in the closing process. Stringent verification of various legal documents, origination documents, disclosures received and the HMDA documentation follows to ensure that they comply with various mandatory requirements.
Pre Underwriting Audit
Peoples Processing performs an audit to reduce risks and assure compliance with investor guidelines. We do this by verifying information and validating that all required documents are in the loan file early in the process. Key benefits offered include: