Transformation Through Automation and Process Optimization Resulting in Increased Quality and Efficiency

Nexval’s origination services guarantee streamlined processes to meet the challenges of the mortgage industry.

Our goal is to deliver a complete transformation of the customer’s origination process through automation and re-engineering. This results in reducing costs, increasing quality and gaining efficiencies for our customers.

Nexval’s seamless origination blend helps escalate operational efficiency and drive ROI. Our solution looks beyond just providing support functions. The Nexval team obtains in-depth knowledge to automate compliance monitoring to achieve a linear process.

Loan Setup 
  • Indexing
  • Boarding/ Registration
  • LOS Data Validation
  • Check Min Documentation
  • Pre Qualification, Order-Outs
Processing 
  • GFE Review
  • E-Disclosures
  • RESPA Review
  • Ordering/ Review VOE VOM VOR
  • Order Flood, Title, Appraisal
  • Initial Disclosure
  • Pre Underwriting
Underwriting 
  • Automated U/W
  • Manual U/W
  • Credit Report Review
  • Appraisal Review
  • Fraud Review
  • Contingent U/W
  • Conditions Signoff
Closing 
  • Pre-Close QC
  • Closing Doc Prep
  • CD Review
  • Pre Funding Review
  • Final Docs Review
  • Fee Review
  • Commitment Letter
Post Closing 
  • Trailing Doc Procurement
  • Doc Logging in LOS
  • HMDA Reporting
  • Post Close QC
  • Investor Stratification Reporting
  • Mortgage Advance & Discharge
Funding 
  • Verify/ Prepare Wire Transfer
Our Origination Capability
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Loan Setup

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Processing

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Underwriting

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Closing

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Post-Closing

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Funding

Platform Expertise
Case Study
Loan File Review – Automation & Process Re-engineering

Issue Description

About Process  : Review Loan File for Completeness and Accuracy and identify missing documents  for adherence to guidelines

Lack of predefined KPIs related to Quality, Productivity, Turn Around Time, leading to lack of  performance  visibility to Sr. Management

Manual spreadsheet based check list leading to errors in the process

Significantly high costs for file review operations

Solution

Nexval leveraged our expertise by establishing a standard Document Dictionary in Loan Fulfillment Life Cycle

800+ doc types were identified and defined with respective naming conventions in our client consultation

Defined end to end process flow for Loan Document Indexing and Stacking function

Value Add Delivered

Application of Six Sigma & Lean methodologies to define, track, measure and report Key Performance Indicators (KPIs)  for  Productivity, Quality, Turn Around Time

Automated  web based Portal -check list  to perform Loan File Review

Robust Management Dashboard to gauge process/associate performance on Quality, Turn Around Time & Productivity

Cost savings by implementing off-shore resources

Customer Testimonials
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