Synergy Compliance Services

Mortgage Loan Processing

Leveraging our Quality Control expertise, our team of senior processors will work directly with your loan officers and/or borrowers to confirm that all loan documentation is complete and accurate. Specifically, we will:

• Review all initial documentation, including 1003, W2’s, pay stubs, 1008, etc.
• Generate and verify applicable disclosures
• Order case numbers, if required
• Order appraisal, title, insurance and other third-party services
• Order and review verifications, including VOE, VOM and VOD
• Clear conditions
• Order closing documents – Conventional, Jumbo, HELOC, FHA, USDA, VA
• Reconcile closing figures and disclosures
• Coordinate funding

Mortgage Loan Underwriting

Leveraging our extensive Quality Control procedures, our underwriters will perform a comprehensive review of each loan in accordance with your guidelines or your investor’s guidelines. Our underwriters will assist in making the vital approval or denial decision in a timely manner. Specifically, we will:

• Run and reconcile the Automated Underwriting System (“AUS”) findings
• Review each appraisal
• Analyze the credit report, income documents, asset documentation, liability documentation
• Calculate all ratios
• Review for any compliance-related issues – Conventional, Jumbo, HELOC, USDA, VA, FHA
• Review title and insurance
• Order mortgage insurance
• Complete risk assessment
• 24-Hour Turn Time

Rest assured, we understand the particulars of both QM and non-QM loans, all while incorporating a strong risk assessment QC approach for the benefit of our clients.

Mortgage Loan Closing Package Preparation

By employing a comprehensive Quality Control approach, our closing team will work directly with all parties to the closing in order to ensure a timely and effortless closing for your borrowers. Specifically, we will:

• Prepare the closing instructions and closing documents
• Coordinate with the settlement agents
• Perform a Chain of Disclosures review to identify any necessary tolerance cures
• Confirm the accuracy of the closing numbers
• Review and resolve any title issues
• Perform a compliance review of the Closing Disclosure
• Confirm disclosure tolerances and arrange for funding & funding authorization
• Perform Mortgage Post-Closing Services
• Investor Delivery
• Condition Resolution
• Trailing Document Procurement
• MERS Registration and Transfer