Solution
Ascendum offer comprehensive Mortgage Loan Processing and Title Settlement services:
- Mortgage Loan Processing: Ascendum, under its Loan Processing Services, offers data entry, pre-qualification, file validation, financial examination, e-underwriting, third party orders, loan submission, clearing conditions, closing and funding coordination and compliance and post closing support. Our dual-shore operating model leverages our highly trained and motivated staff (in India) working in close sync with experienced Subject Matter Experts (SMEs) from the mortgage industry in the USA. This assures high standards of work quality, while bringing substantial cost savings to our clients (mortgage brokers and title companies).
- Title & Settlement Services: Ascendum offers Title & Settlement processing services that are seamlessly integrated with client deliverables. We deliver streamlined process-specific service with speed and accuracy through the diligence of our experienced processing staff and standards-based practices. Order entry in title production system, title work such as typing final policy, issuing endorsements and reviewing and grading title, closing preparation and various post closing services, are offered under this segment.
Client Challenges
1. Mortgage Loan Processing Services offering can help with these challenges:
- Difficulties in increasing the effectiveness of underwriting controls and agency management systems
- High cost of operations
- Retaining employees in a slowdown
- Skilled talent being not available to meet growth peaks
- Availability of state-of-the-art infrastructure for processing requirements
2. Title & Settlement Processing Services offering can help with these challenges:
- Difficulties in decreasing the turn around times due to no 24x7 operation capabilities available
- High cost of operations
- Retaining employees in a slowdown
- Skilled talent not available to meet growth peaks
- Availability of state-of-the-art infrastructure for growing overnight
Business Value
- Mortgage Loan Processing: To grow market share and increase shareholder value, outsourcing is now a vital component of business strategy. By utilizing our services, mortgage brokers and loan originators can convert their risk-inherent decision making to rules-based decision support. They can also observe improved accuracy through built-in quality control and rating, and focus on core operations so that they can concentrate on generating more loans. Other benefits also include state-specific statutory and regulatory compliance, adherence to service level agreements with clients, work flow accuracy, adherence to turn around time, identification of training/re-training needs, defining and maintaining process to process quality threshold and process reengineering and optimization.
- Title & Settlement Services: We help title companies grow their market share and increase shareholder value by outsourcing, as it is now a vital component of business strategy. They can also observe improved accuracy through built-in quality control and rating, and focus on core operations.
Toolset Excellence
Ascendum's seasoned and trained loan processors maintain full lifecycle experience processing various loans throughout several states in the U.S. Through regular training sessions and quality check measures, we ensure that quality is never compromised. Most of our employees have been with us for more than 4 years, which gives us an upper hand in comparison to the other service providers in the industry. Our flexible delivery model is built on a strong commitment to customer service and quality, and is reinforced by a high level of management oversight. Our deep knowledge of a broad set of financial services offerings facilitates a speedy return on investment.
