Lenders continually focus their efforts on managing operational costs, ensuring compliance, training their personnel, and adapting to the newer technologies. Focusing on these aspects is not only necessary but is required to deliver an enhanced customer experience to their borrowers. The struggle to maintain profit margins in the mortgage industry is a major concern for lenders. As a result, lenders reach out to us to help deliver lower cost ensuring compliance.
Lenders are aware of the competitive mortgage market and are constantly striving to gain market share.
PrivoCorp helps the mortgage divisions of the regional and national banks, with end-to-end mortgage fulfillment services:
We offer back-office support right from Set-up to Post-closing. Working with PrivoCorp for your end-to-end fulfillment can help you save time and cost while giving you a competitive advantage.
We are also the only service provider who serves our banks and mortgage lenders with a full scale of services in a mortgage lifecycle. Our 10+ years of experience working with customers, self-motivated teams, automated workflows, and intelligence powered by AI and Machine Learning technologies and digital compliance ensures operational efficiency and customer satisfaction with our clients.
- Loan Document Indexing – Collect & Review borrower documents
- Order VOE, VOD, VOM and VOR
- Order Appraisal, Title, Hazard and Flood Certificates
- Order VA and FHA Case Numbers for Government loans
- Order Tax Certificates
- Generate LE and TIL Disclosures
- Collect Signed Disclosures and verify
- Verification of HOI (Homeowners Insurance)
- Title Search & Report Preparation
- Credit Review
- Contract Review
- Review Flood Certificate
- Review Appraisal Report
- Fraud Review
- Title Review
- Document Preparation
- Scheduling of Closing
- HUD Reviews
- Closing File Review
- Recording Support
- Post-closing Review and Exception Curing
- Suspense / Exception Reporting
- Trailing Documents
- Investor Guideline Review
- Final Document Indexing
- Loan Boarding
- Document Management
- Loan Administration
- Escrow set up and Administration
- Default Administration
- Investor Reporting
- Payoff
- Loan Review – Post closing
- Servicing QA and QC
Benefits of partnering with PrivoCorp
- Headquartered in Austin, TX with locations in Dallas, TX, Singapore and India
- Experience working with all the leading LOS, Compliance and Servicing platforms
- Flexible engagement model to help you reduce fixed costs
- SSAE 18 compliant (2021 SOC 2 audit in the process)
