PrivoCorp offers a suite of services in Loan Boarding & Loan Administration:
Loan Boarding
Newly boarded files are loaded and verified with the documents received for accuracy in the system
Loan Administration
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Payoff
Receive payoff request from internal or external sources, prepare the payoff quote including all fees and costs based on the Good thru date -
Escrow Analysis
Escrow analysis report is run based on the due dates and changes in Tax and insurance lines -
Escrow Reconciliation
Escrow reconciliation is a way for a mortgage company to account for payments and any changes over the course of mortgage to make sure borrower is not overcharged -
Special Loans
Service Provider will provide modification booking services by reviewing documents and related loan servicing systems to ensure a modification action can proceed
PrivoCorp's PowerMatrix
The PowerMatrix solution suite is the driving force behind PrivoCorp’s success across its origination and servicing solutions. It epitomizes the fusion of unparalleled Mortgage domain understanding, cutting-edge Technology expertise, and comprehensive Process knowledge.
PowerMatrix stands as a testament to the company’s unwavering commitment to excellence in the mortgage industry.
PowerMatrix empowers PrivoCorp to consistently deliver top-tier service and solutions to its mortgage clients, that are tailored to their specific needs.
Find out how PrivoCorp can help in improving borrower experience and retaining them
Benefits of Partnering with PrivoCorp for Servicing
- Over a decade of experience in End-to-End Component Servicing
- Headquarters in Austin, TX with two production facilities located in India
- Experience working with all the leading Compliance and Servicing platforms
- Flexible engagement model to help you reduce fixed costs
- SSAE 18 compliant (SOC 2 audit in the process)
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Testimonials
“PrivoCorp is a remarkable firm, and we are consistently pleased with their mortgage servicing assistance and services, as well as their amazing team. They are adaptable to our ever-changing needs and a pleasure to deal with”
Martin
SVP Servicing Operations, Leading Sub-Servicing Firm
“Working with the PrivoCorp team has been a pleasure. They have been very responsive and knowledgeable”
Bob
Bob
Operations Head for a Mortgage Company