Mortgage Loan Setup Services

Experience greater efficiency, improved accuracy, and faster turnaround times with our comprehensive loan setup services

Proven Expertise

Over years of experience in mortgage loan set up services

Detail-Oriented

Well-established loan set up process with comprehensive attention to every requirement

Quality Assurance

High quality maintained through multi-tier check

We help Lenders, right from collating loan documents to verifying borrower's eligibility and updating data on the loan origination system

To start processing the loan, we will register and set it up in the loan origination system (LOS). This involves confirming and updating all the required loan details to ensure accurate information is captured. We will then send out a disclosure for eSign and index all received documents into the LOS.

Next, we will validate if all necessary documents are in place and ensure that all basic requirements, such as signatures, are fulfilled. If any documents are missing, we will follow up with vendors to obtain them. We will also coordinate with the loan team to ensure that the document package is complete in nature for underwriter review.

As part of our process, we will order third party items such as the Appraisal Report, Title Work, and Verification of Employment (VOE). In addition, we will perform other verifications such as Geocode, Zip Code reverse look up, employer validation, OFAC, Housing Counsellor and NMLS to ensure that all necessary information is obtained.

Our goal is to ensure that all loan processing tasks are completed accurately and efficiently. We work closely with our clients to ensure that their specific needs are met and that all required steps are taken to facilitate a successful loan closing.

Mortgage Loan Setup Tools We Leverage

At GrowQ, we follow a streamlined approach for mortgage loan setup services. Some of the tools we leverage in the process include 

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Mortgage FAQs

Our team has significant expertise working with lenders throughout different states. Each member is highly knowledgeable about lending guidelines and stays informed about the most recent updates. In the case of regulatory changes, we collaborate closely with our clients to ensure that these changes are implemented consistently and comprehensively.

We provide a wide range of support services, including Origination, Servicing, and Title Production. For our Origination back-office support, we offer assistance with loan set-up, indexing, loan processing, underwriting, closing, and post-closing services. Additionally, we have experience collaborating with AMCs and Title/Settlement companies to fulfil their back-office requirements, such as Quality Control, Title Searches, Commitment Preparation, and Closing Disclosures.

We prioritize our clients’ needs by utilizing the same systems and technology that they use. Our goal is not to impose our own environment on them, but rather seamlessly integrate into their existing processes. This allows us to perform the desired tasks with the same proficiency and familiarity as anyone else in their office.

To ensure high-quality service delivery, we typically require one full-time staff member to begin with, as we do not operate on a shared resource model. Since each dedicated staff member comes with a specific capacity, it is important to have sufficient volume to keep them busy throughout the day. This approach helps to optimize productivity and ensures that our resources are being utilized effectively to meet your business needs.

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