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Loan Adiministration Outsourcing for Mortgage Brokers & Lenders

Loan Administration & Servicing

  • Account Administration
  • Borrower Setup
  • Payoffs / Redemption
  • Late Payment Notices
  • Tax Accounting / Reporting
  • Foreclosure Documentation
  • Tax Research
  • Recontracting / Refinance
  • Customer Enquiries / Research
  • Escrow Analysis
Tax Research
Services offered include:

  • Disburse taxes according to ELD dates
  • Update current year paid tax amounts in database
  • Analyze tax amounts with previous year
  • Report delinquency taxes on daily basis to client

Escrow Analysis
  • Review monthly escrow deposits on paid exception items to determine adequate escrow balances for future disbursement
  • Internet Research for Current year taxes and tax rates
  • Estimate current year property taxes
  • Involve in Internal Quality Control

Payoff Processing
At our on-shore processing center, MortgagePro360 handles inquiries regarding loan pay-off amounts, and reconciles to the pay-off date. Payoff involves generating payoff quotes (requests for the total amount due on a loan).The actual payoff process includes the receiving of funds necessary to satisfy all loan obligations. The principal and interest are disbursed to the investor. The applicability of delinquent taxes, insurance amounts, satisfaction fees for prepayment of loans, etc. is to be verified.
Escrow
Escrow refers to the holding of funds by a custodian (usually a banking company), that have already been deposited by the borrower, to pay specific bills coming due. Escrow analysis involves the periodic examination of the escrow account to determine if current monthly deposits will provide sufficient funds to pay taxes, insurance and other bills when fallen due, whereby providing the borrower with critical information
Attribution
Attribution involves the electronic labeling of documents which requires a clear understanding of all the documents that are part of the mortgage banking industry