ADFITECH provides outsource services utilizing highly refined proprietary technology and a full-time staff of employees with a wide variety of experience in the mortgage industry.
We currently offer all of the following services:
Quality Control - Post closing audits that meet the requirements of Fannie Mae, Freddie Mac, FHA, and VA performed by an experienced staff of underwriters, closers, and appraisal specialists.
- Conforming secondary "A" loans as well as "Alt A", "C-", & portfolio products
- Customized to meet regional, state, branch, or any other divisional needs
- Underwriting review
- Desk review of appraisal
- Compliance and closing review
- As well as:
- Early payment default reviews
- Fraud investigations
- Special reviews upon request
- More...
Pre-funding Audits - Audit the accuracy and quality of the loan application before funding.
- Reverification of borrower's employment
- Ownership records reviewed for undisclosed Self Employment
- Employer's business status verified with state records
- Research ownership and current seller's title.
- Determine validity and issuance of social security numbers used by borrower
- Borrower liability data verification through an in-file credit report
- Previous sale/market value researched ---- potential flips or significant value issues
Post Closing Delivery - Delivery of a complete closed loan file to the investor for purchase or the collateral package to the custodian, imaging and/or file storage options.
- Insuring documents stacked according to agency requirements and submitted
- Credit and closing files merged
- Original note and required documentation delivered to warehousing bank
- Documents stacked according to investor requirements and delivered
- Audit made of closing data for consistency and errors
- Track, follow-up, and advice on trailing documentation
- Storage of files
- Imaging of documents
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