Flatworld Mortgage

Third Party Originator Services

Flatworld Mortgage Solutions has wide experience in assisting Third Party Originators (TPO) with end-to-end mortgage origination support services. From setting up the loan in the LOS to document indexing and review, we have assisted TPO lenders provide excellent customer service to the brokers and correspondent lenders they work with. Our services have been designed to ensure that the origination process complies with consumer protection and fair lending requirements

Our End-to-End TPO Services

Document Indexing & Loan Set Up Services

We collect acknowledged loan documents for loan processing. We also leverage modern day technology like OCR to handle all document indexing needs. Our services include:

Order third party documents such as 4506-T, verifications of employment / assets, appraisal, preliminary title report, flood certs, HOI etc
Assemble a complete and accurate file for submission considering loan program, borrower profile, agency guidelines and specific lender overlays
Categorize and digitize form 1003, W-2 forms, pay stubs and credit check reports etc
Classify documents for better maintenance of files with the help of in-built automation tool MSuite

Disclosure Support

This stage involves reviewing the initial disclosure docs within 72 hours of signing a loan application. The objective is to ensure the program-specific disclosures are accurate. Our services include:

Generate LE (Loan Estimate) and send out initial disclosures
Review application / disclosures for accuracy and completeness

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Underwriting Support

Our mortgage underwriting support process allows TPO lenders to streamline and scale their underwriting bandwidth.We review all documents and do all the heavy lifting to assist our clients in taking quick credit decisions on these files.

Our Services Include:

Review completed loan files to assess compliance with government / investor / company guidelines
Review documents and present our findings to our clients
Update data points in the LOS for Underwriters to make credit decision
Assist underwriters with data input into the income worksheet
Run automated underwriting systems (DU/LP)
Carry out fraud guard review

Pre-Purchase Review Audits

Our experts have sound knowledge of lending practices, lending guidelines, and relevant regulations. Therefore, they flag inconsistencies and provide recommendations with great precision. Our services include:

Determine the rating of deficiencies found in loan file
Assess completeness of loan file prior to releasing loan for funding
Carry out a full credit review of files to make sure agency and investor guidelines are met
Review loan files to verify accuracy of both purchase and refinance transactions prior to Closing / Funding (FHA / VA / Conv / USDA)

We Design Loan Origination Solutions That Are