Mortgage Closing Services

Supports lenders, credit unions and brokers in streamlining their loan closing processes while reducing processing times and costs

With Mortgage Closing Services, we at Peoples Processing support Mortgage Lenders, Credit Unions and Mortgage Brokers in streamlining their loan closing processes while reducing processing times and costs

With our Mortgage Closing Services, we assist in all stages of the mortgage closing process, right from preparing closing documents, coordinating with settlement companies to acquire the taxes and fees and reviewing final conditions & making initial Closing Disclosures to ensuring adherence to the compliance statutes. The spectrum of these services allows our clients to rely on us for their closing support with much more confidence.

Our experience of over 10+ years helps our clients in transforming how they perform their closing processes. We are also the only service provider who proactively manages vendor relationships, so that our clients can focus on their core business functions, rather than aligning resources to vendor management. Additionally, our SSAE 18 compliance certification and other security measures ensure complete security, privacy, and confidentiality to our clients.

Peoples Processing has a suite of Mortgage Closing Services such as:

Mortgage Pre-closing Support

Review of documents, provided information, and loan file to identify discrepancies ahead of broker and closing costs finalization for the final loan approval.

Evaluating the vesting with the different parameters

Evaluating the payoff statement

Evaluating the tax-cert, and other files such as “closing instruction,” “clear to close” that are essential to prepare Closing Disclosure “CD.”

Mortgage Closing Support

Document Preparation: Keying of required information in the client’s application and generating documents needed for closing in the templates suggested by clients

Schedule Closing: Scheduling appointments with the buyer, seller, and a notary to sign closing papers and update the status in client’s LOS

CD Reviews: The process is initiated once the closing documents are received and reviewed by the pre-closing team. It involves preparing the settlement statement, which is the final accounting of all the costs, credits, payoffs, pays on accounts required by the Mortgage Lender. Calculate the funds needed for closing or that the borrower would receive. Peoples Processing also coordinates with the client for any corrections and generates the final copy

HMDA Data Gathering and Reporting: Collating information and documents from the mortgage lender, keying them in the Loan Application Register and notify the client

Closing File Review: Review closing package against the checklist and closing instructions. Check if all documents are signed and are complete. Ensure the accuracy and availability of all necessary details based on the state and the mortgage lender requirements

MERS Recording: Peoples Processing generates the MIN number, accesses the MERS system to validate the MIN, and submits the necessary information to register the loan. Upon recording the document, update the MERS registry with the recording information

Recording Support: Review the recording documents against the county guidelines and checklists provided by the client Follow-up with the recorder’s office to obtain the recording information. If the e-Recording facility is available, then review and submit the final document online

Benefits of Partnering with Peoples Processing for Mortgage Closing Services

Over a decade of experience in nationwide loan processing

Licensed to do business in 29 States

Offers processing services from Origination to Post-Close

Single window processing to avoid managing multiple vendors

Leveraging latest technologies such as RPA and AI in mortgage fulfillment

Flexible engagement model to help you reduce fixed costs

Benefits of Partnering with Peoples Processing