Skyview Enterprises
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Skyview Processing Center(Residential Mortgage)        
 
 Why outsource mortgage processing?

The mortgage industry as you know is extremely process-oriented and paperwork intensive and none more evident than now. The mortgage loan processing component involves most of the paperwork associated with closing a loan. Though the use of paper is now minimized and replaced by electronic documents and management systems, mortgage processing consumes a lot of time, since every tiny detail demands time and attention. As a loan officer, outsourcing this process will help you in utilizing your precious time more effectively – in selling and originating more loans and scaling your business.



Benefits of outsourcing mortgage processing:

Reduces overheads and frees up resources
Minimizes capital expenditure
Helps you offload non-core functions of your business without losing control on the process
Improves speed and service
Eliminates staffing problems
Gives you an opportunity to provide value-added services
Increases overall customer satisfaction


Why choose Skyview Processing?

In an industry, which races against time – expiration of Rate Locks, Contracts, or documents – Skyview Processing ensures that loans close smoothly, accurately and quickly in a streamlined manner, the very first time.

Our goal is to help you grow. We eliminate processing headaches and give you more time to originate more loans. We have a dedicated team of processors whose only priority is to provide you with the best mortgage processing service. We are timeline driven and we work towards reducing the time taken to close a file. You pay only if the loan closes! With us none of your files are on hold for an internal reason. We have a stringent quality process which ensures that none of your files are held up for some internal reason and we allow no detail to go unnoticed. So, we process loans faster, reduce the closing cycle and you get paid faster!

Skyview Processing – A smart business decision

Pay only if the loan closes
Providing greater borrower satisfaction
Increase profitability
Utilize our dedicated team of professionals to work for you
Speed up the loan closing process
Scale your business as needed without a large investment
You control business flow 
Competitive processing costs
No minimum volumes, no long term contracts
Open channel communication
Fast and scalable
Reduce the risk of fraud
Fits with how you work
Close more loans in less time

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 HOW IT WORKS 

Send us .FNM file or Calyx Point File
Email or Fax the supporting documents along with the Skyview submission
Skyview processor will send you Welcome email/confirmation of receipt once we received the package
Skyview processor will provide you with all required contact information.

File opening / Initial processing

Review 1003 signed and .FNM file
Review all signed Disclosures
Review all supporting documents
Send additional required "need list"
Order Appraisal, Title, Payoffs and Subordination agreement (if applicable)
Order Verifications – VOE, VOR, VOM, VOD
Submission

Initiate contact with lender
Complete submission forms and submit the file for underwriting
Follow-up on underwriting and obtain conditions
Clear lender conditions

Prepare Final 1003
Clear to Close

Obtain CTC from lender
Complete Broker fee sheet 
Send Fee Sheet for approval & initials 
Send approved BFS to lender
Closing and Post Closing

Schedule closing with all parties
Review HUD1 draft for numbers
Make required corrections / changes to HUD1
Ensure closer has all instructions from the lender
Ensure file is closed and funded
Ensure all parties are paid
Prepare Post closing package

 

 

Get Started today

 

e-mail files to information@skyviewbiz.com