As a reputable mortgage processing company, GrowQ receives and reviews loan application documents as the first step in the loan processing. For example, we review Form 1003, which records the financial information of potential borrowers applying for a conventional mortgage, along with other documents such as W2s, pay stubs, GFE, TIL, Form 1008, borrower’s authorization, and more. We ensure that all the information required for processing the application is provided. Once the review process is complete, we generate the Loan Estimate (LE) for the consumer within three business days of receiving the application.

Lenders must exercise caution when evaluating reports of applicants with non-traditional credit histories. At GrowQ, we offer mortgage loan processing services that assist lenders in flawless credit checks for both traditional and non-traditional loans. Our team of experienced professionals is well-versed in the complexities of this process, making us one of the leading mortgage processing companies. We conduct comprehensive credit checks that include pre-screening of credentials, obtaining and reviewing credit reports, credit history, FHA authorizations, Social Security status, and more. We also check for existing loans with MERS, payment defaults, tax returns, and transcripts to ensure your peace of mind.

We review third-party documents like appraisals, titles, HOI, 4506T (Tax Transcripts), etc., to provide loan application references and property details by authorized appraisers. We also check payment receipts for appropriate appraisal fees and verify property titles.

Our meticulous review process results in a detailed report that identifies potential issues and contradictory information that needs attention for compliance with regulations. By outsourcing your mortgage processing 3rd party document review to us, you can focus on the core aspects of your business with peace of mind.

We conduct thorough verification checks to ensure the accuracy of all information provided by prospective borrowers. Our verification process includes validating disclosures, verifying employment (VoE), verifying deposits (VoD), verifying mortgages (VoM), and verifying property sale history, location maps, appraiser signatures and licenses, and registrations.

As an expert in the field, we understand the importance of accurate verification and strive to provide our clients with flawless outcomes. By entrusting your verification requirements to us, you can rest assured that you are working with a reliable partner committed to ensuring regulatory compliance and helping you achieve your business objectives.