Mortgage Loan Servicing Policies and Procedures
The loan servicing module is designed to focus on the needs of the new loan servicer, or the banker transitioning into correspondent or servicing retained lending. It provides the basic procedures for all areas of loan servicing, including Loan Administration, Sub-servicer Management, Loss Mitigation and Secondary Marketing/Risk Management.
We provide templated procedures and step-by-step support for all areas. However, the template process for Payment Processing, Account Reconciliation, and Investor Reporting, is heavily reliant on the company's software platform - since these functions are normally completely automated - so the user should be prepared to substantially edit the placeholders we have provided with its own screenshots.
We provide templated procedures and step-by-step support for all areas. However, the template process for Payment Processing, Account Reconciliation, and Investor Reporting, is heavily reliant on the company's software platform - since these functions are normally completely automated - so the user should be prepared to substantially edit the placeholders we have provided with its own screenshots.
Mortgage Loan Servicing Template Includes
- Quality Control/Mortgage Servicing QC Audit
- Loan Set Up/Loan Boarding
- Payment Processing - Non System Elements
- Credit Reporting
- Late Payment/Foreclosure Processing
- Loss Mitigation
- Loan Modifications
- Partial Release
- Escrow/Impound Management
- ARM Auditing/Loan Payment
- Sub-Servicer Oversight (Complete Plan)
- Secondary Loss Mitigation (Complete Plan)
Mortgage Servicing Module Table of Contents |
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Purchase Mortgage Servicing Module Download
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Servicing Module is a standalone product, but can be purchased at a discount when purchased with the Mortgage Banker Package - request a discount code here
Delivered via e-mail download link - allow 5-15 minutes for delivery |