CFPB’s QM rules and standards tend to side-line self-employed consumers, foreign nationals, real estate investors, and borrowers with significant assets but not necessarily a job, etc. aside. But non-QM lenders are taking the challenge to provide a non-QM loan to such borrowers with possibly higher interest rates or for longer terms. It takes significant scrutiny, documentation, and strict underwriting to ensure non-QM loans proceed to fund without obstacles. With a growing number of borrowers going for non-QM loans, it has become essential for non-QM lenders to partner with service providers to manage their processing needs.
Traditional mortgage lenders still feel a bit apprehensive about non-QM loans, fearing higher risk, but we see a vast set of borrowers opting for a Non-QM mortgage
At Peoples Processing, we support Non-QM lenders with their Loan origination and underwriting
Our use of intelligence gathered by RPA and AI technologies ensures that we replace redundancies with automated workflows and accurate output. Our digital QC helps the pre-underwriting stage to make an underwriter’s job a bit easier. 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 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
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)
