US Mortgage Process Services
We deliver specialized non-IT support services across the US mortgage lifecycle, including loan processing, underwriting support, pre-closing and post-closing activities, appraisal coordination, quality control, and compliance checks. Our experienced mortgage professionals ensure adherence to US regulatory standards, faster turnaround times, and reduced operational costs for lenders and financial institutions.
Key Stages of the US Mortgage Process
1. Pre-Qualification / Pre-Approval
The borrower’s basic financial details such as income, credit score, assets, and liabilities are reviewed to determine eligibility and loan amount.
2. Loan Application (Origination)
The borrower submits a formal mortgage application along with required documents. Loan details, property information, and borrower data are captured.
3. Loan Processing
The processor verifies borrower documents, orders credit reports, appraisals, title searches, and ensures the file is complete for underwriting.
The underwriter evaluates the borrower’s creditworthiness, income stability, assets, and property value to assess risk and approve, suspend, or deny the loan.
5. Appraisal & Title Review
The property value is assessed, and the title is examined to confirm ownership, legal status, and absence of liens or disputes.
6. Conditional Approval
The lender issues approval subject to specific conditions, such as additional documents or clarifications from the borrower.
7. Pre-Closing / Closing Disclosure
Final loan terms, interest rates, and closing costs are prepared and shared with the borrower for review before closing.
8. Loan Closing (Settlement)
Legal documents are signed, funds are disbursed, and ownership is transferred to the borrower.
9. Post-Closing
Documents are reviewed for accuracy and compliance, recorded with the county, and the loan is prepared for servicing or investor delivery.
10. Loan Servicing
Ongoing management of the loan including payment collection, escrow management, customer service, and compliance monitoring.
These stages ensure a structured, compliant, and secure mortgage lending process in the US financial system.