Processing

Loan Officer to Processor QA
Loan set-up
Order & follow-up on
third party services
Welcome calls and borrower
communication
Order & evaluate credit docs
Update LOS
Submit to underwriting

Underwriting

Income and appraisal
component underwriting
AUS validation
Lender specific overlays
Condition clearing
Final approval/clear-to-close

Closing/funding

Pre-funding audit
Initial Closing disclosure
Issue closing instructions
and final closing disclosure
Review preliminary
funding docs
Request corrections
from title company
Prepare wire or order wire
from warehouse bank

Loan setup

Review for minimum
submission docs
Loan set-up
Order & follow-up on
third party services
NMLS, LDP/GSA, MERS
Update LOS
Review checklist for
accuracy
Submit to underwriting
Order Payoff
Order HOI

Underwriting

AUS validation
Lender specific overlays
Broker communication
Condition clearing
Final approval/
clear-to-close

Pre-Purchase Reviews

Review credit/closing
documents for
completeness/accuracy
Analyze income, credit,
assets, appraisal,
sales contract, and
other documents
Order and review fraud,
credit, compliance and
other third-party information
and services per guidelines
Identify deficiencies/
suspense items

Review follow-up documents

Document Management

Sort and index documents
Review documents for
completeness and accuracy
Complete and upload
applicable worksheets

Manage follow-up
documents guidelines

Pre-Purchase Reviews

Review credit/closing
documents for
completeness/accuracy
Analyze income, credit,
assets, appraisal,
sales contract, and
other documents investor
Order and review fraud, credit,
compliance and other
third-party information
and services per guidelines
Identify deficiencies/
suspense items
Review follow-up documents

Trailing Documents

Track and follow up
on trailing docs
Review and index
received trailing docs