Loan Origination Support
Skyler's team of associates have hands-on experience on LOS like Encompass, Calyx (Point) and familiar with top lender portals as well. Our team helps Mortgage Lenders & Brokers close more loans quickly.
PRE-QUALIFICATION / PRE-APPROVAL
Our processors will check Borrower's ability to repay loan & loan programs proposed by the LO. We send out the pre-approval letter to the borrower on behalf of the Lender / Broker.
DISCLOSURE DESK
LOS Data is verified before we send out Initial Loan Estimate along with all state and federal mortgage disclosures. Our team is efficient in sending out disclosures within 3 business days from the date of loan application
LOAN SETUP
Once we receive the Intent to proceed from the borrower, our team gets on to the loan setup process which includes uploading the loan documents in Calyx/Encompass or any other LOS used by you. Prepare a need list of missing items and e-mail to the loan officer.
Underwriting Support
Our team of Underwriters will Review the loan file for all mandatory documents & accuracy.
Verify the information in all Income documents like - Credit Reports, W2, Paystubs, Tax returns, Bank statements, rental income etc...
Perform the income calculations & add necessary conditions and notes in LOS to help the final underwriter make quick credit decisions. Our team is well versed in running the AUS and review findings received in LOS for the underwriter's reference.
Submit the loan file on the lender portal to the Underwriter for making a credit decision.
Once the Underwriter determines the loan is acceptable with conditions, it would be status as "conditional approval". Our underwriting team will work on the third party conditions & clear them with the necessary documentation and resubmit the file to the underwriter.
UNDERWRITING
Closing Support Services
CLOSING DISCLOSURE & CLOSING PACKAGE REVIEW
Our closer will look at the five-page Final Closing Disclosure & compare it with the Initial Loan Estimate to check if there were any variances. Our closer will verify the loan terms, projected monthly payments, total fees, and closing costs and ensure accuracy & completeness
We are required by law to send the Closing Disclosure at least three business days before closing, however our team does that more efficiently so that the customer gets enough time to check on the loan documents before actual closing
Compliance Quality Audits
PRE-PURCHASE REVIEW / PRE-FUNDING
Our post-closing team is well versed with Fannie & Freddie Mac guidelines thus able to perform an in-depth review of all the loans. All the loan level exceptions are updated on the investor portal for re-verification. Our 24 hours quick turn-times on these reviews gives the investor enough time for making a decision
Our pre-purchase review audits help to identify loan-level discrepancies and raise red flags for any defects founds.
This helps in reducing the risks before the loan is funded. In-depth review of documents like Appraisal, Credit Report, Flood Insurance, Title, AUS & Income along with Underwriting conditions is performed by our team.
Our team of auditors are well-versed with the compliance and agency guidelines and ensures no stone remains un-turned during these reviews.
POST-CLOSING QUALITY AUDIT
Our Other Mortgage Services
MORTGAGE APPRAISAL REVIEW
Skyler's expert mortgage appraisal team review's appraisal in-depth to ensure the appraisal report is free of any discrepancies that may cause hindrance during the underwriting process
Review the Sales Comparable sheet provided by the Appraiser.
Review the Appraisal Ratings
Review the Appraisal Invoices
Need for re-appraisal inspections
Review all other addendum supporting the appraisal
Review the SSR (Submission Summary Report) using UCDP portal
Skyler's Indexing team follows the business standard document Indexing & labeling conventions that would help other departments in searching & retrieving indexed documents.
We ensure that the indexed documents are placed in the required placeholders in your document management portal. For any need list, we would add notes to the system so that your team can follow up with borrowers for the same.
DOCUMENT INDEXING-CLASSIFICATION & LABELING
Title Support Services
Title Ordering Support
Skyler's expert Title support team will order Title from Title company with timely follow-ups for quick turn times
Title Examination Support
Our team of examines the critical information such as the owner's history, purchase history & timeline, buyers' details, transaction info, etc.We provide you with the up to date information with 100% accuracy
Title Commitment Support
We support the verification of title commitment report and ensure that all details on the commitment report are 100% accurate and leave no discrepancies during the closing stages.
Title Review Support
Our team will do an in-depth analysis of the title to ensure there are no gaps in the ownership records. We go back to the title history to check if there are any open liens or judgement. Our aim is to mitigate all possible risks related to the transfer of title.
Skyler Global Solutions LLC.
5830 E 2nd St, Ste.7000,
Casper, WY 82609
Phone
774-293-8779
koustubh@skylerglboalsolutions.com
Contact Us
Our Mortgage Services
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