Review of lender’s policies and procedures to confirm they meet investor requirements.
Creating a competitive advantage is never easy and the ability to utilize it is often the difference between dramatic success and failure. So it is with internal logistics that we find our competitive advantage. By internal logistics we mean the way the workflow of people, files, and information passes through our office.
Policy are drafted to evaluate multiple factors including the borrower’s ability and willingness to pay (Ability to repay. Aka ATR) and adherence to guidelines using a detailed review of the borrower’s income, assets, collateral, and past history.
Review the loan documents and relevant underwriting guidelines and contracts to help determine if the mortgages conform to its policies/requirements and are of acceptable quality. When applicable, a review of the files to the Automated Underwriting System output within the file will also be performed.