Adopt new-age
technology-enabled mortgage
origination process to ensure
agile and flexible services
Mortgage Origination
Transformation Through Automation and Process Optimization Resulting in Increased Quality and Efficiency
Nexval's origination services guarantee streamlined processes to meet the challenges of the mortgage industry. Our goal is to deliver a complete transformation of the customer's origination process through automation and re-engineering.This results in reducing costs, increasing quality, and gaining efficiencies for our customers. Nexval's seamless origination blend helps escalate operational efficiency and drive ROI. Our solution looks beyond just providing support functions.The Nexval team obtains in-depth knowledge to automate compliance monitoring to achieve a linear process.
Our Origination Capability
Loan Setup
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Processing
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Underwriting
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Closing
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Post-Closing
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Funding
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Mortgage Origination
LOAN TYPES
- Conventional
- Commercial
- Hard Money
Investor Loans
- FHA -VA
ORIGINATION
CHANNELS
- Retail
- Wholesale
- Correspondent
- Private Investors
- Warehouse
CASE STUDY
Loan File Review – Automation & Process Re-engineering
Issue
Description
About Process : Review Loan File for Completeness and Accuracy and identify missing documents for adherence to guidelines
Lack of predefined KPIs related to Quality, Productivity,Turn Around Time, leading to lack of performance visibility to Sr. Management
Manual spreadsheet based check list leading to errors in the process
Significantly high costs for file review operationsV
Solution
Nexval leveraged our expertise by establishing a standard Document Dictionary in Loan Fulfillment Life Cycle 800+ doc types were identified and defined with respective naming conventions in our client consultation
Defined end to end process flow for Loan Document Indexing and Stacking function
Value Add
Delivered
Application of Six Sigma & Lean methodologies to define, track, measure and report Key Performance Indicators (KPIs) for Productivity, Quality, Turn Around Time Automated web based Portal check list to perform Loan File Review
Robust Management Dashboard to gauge process/associate performance on Quality,Turn Around Time & Productivity
Cost savings by implementing off-shore resources
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