Credit Unions

Helps credit unions maintain profitability, increase quality without having to invest in newer technologies for automation

Credit Unions are popular among borrowers for their first-time home purchase or refinance.

The Profit margins that a credit union earns, they give it back to the members in the form of higher deposit rates, lower interest rates, and multiple savings opportunities. These days borrowers shop around before they decide to make a purchase, and Credit Unions can often provide better or equivalent rates for fixed and adjustable loan types as banks. A Credit Union goes through a full loan lifecycle and offers Loan boarding to Post-close services to its borrowers. Although, in recent times, we see many credit unions relying on service providers to manage their operations. That helps credit unions maintain profitability, reduce fixed costs, lower operational risks, increase quality without having to invest in newer technologies for automation.

At Peoples Processing, we support Credit Unions end-to-end i.e., right from loan origination to underwriting support to closing and finally post-close.

We are one of the very few service providers who offer this complete array of services in mortgage processing. We also go one step ahead to manage all your vendor relationships to help you focus more on the core business.

Our 10+ years of experience working with customers, self-motivated teams, automated workflows, and intelligence powered by RPA and AI technologies and digital compliance ensures operational efficiency and customer satisfaction with our clients. Partnering with Peoples Processing for your mortgage processing can help you save loan cycle time, reduce fixed costs while giving you a competitive advantage in the market.

Loan Processing Support

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

Underwriting and Quality Checks Support

Credit Review

Contract Review

Review Flood Certificate

Review Appraisal Report

Title Review

Fraud Review

Closing Support

Document Preparation

Scheduling of Closing

HUD Reviews

HMDA Data Gathering and Reporting

Closing File Review

MERS Recording

Recording Support

Post-closing & Compliance Support

Post-close Review and Exception Curing

Suspense / Exception Reporting

Trailing Documents

Investor Guideline Review

Final Document Indexing

Benefits of partnering with Peoples Processing

Licensed to do business in 29 States, enables adherence to your state-specific requirements

Single window processing to avoid managing multiple vendors

Headquarters in Austin, TX with two production facilities located in India

Experience working with all the leading LOS, Compliance and Servicing platforms

Flexible engagement model to help you reduce fixed costs

SSAE 18 compliant (SOC 2 audit in the process)

Benefits of Partnering with Peoples Processing