Whole Loan Purchase Review Services
Stop Extending Turn Times & Start Meeting Lender Expectations
Speed up the whole loan purchase review process while also reducing costs with expert outsourced services built on decades of industry expertise. MetaSource’s whole loan purchase review services help you improve process efficiency, reduce loan review turn times, and satisfy lender partners without adding headcount or budget strain.
The Benefits of Outsourcing Purchase Reviews
Succeed with Flexible, Scalable Support
If you’re struggling to maintain acceptable turn times, you’re jeopardizing lenders’ satisfaction levels and their willingness to continue to support your programs.
Stay operationally and financially efficient with a solution that combines workflow automation technology with a team of experienced professionals and scales up or down depending on your volume.
Optimize Turn Times
Ensure loans are reviewed quickly without sacrificing quality by working with seasoned loan auditors who act as an extension of your team when you need them.
Minimize Lender Complaints
Eliminate backlogs and avoid falling behind during high-volume periods, so your lender partners remain happy.
Reduce Operating Costs
Only pay when you need whole loan purchase review support, ensuring you can keep up with seasonal pressure and avoid overspending when volume drops.
Maintain Control
Take advantage of the fact that MetaSource can work within your existing systems, using your processes, so you stay in control of your purchase reviews.
“We had a high volume of work coming in at one time. MetaSource helped us eliminate our backlogs and our turn times have improved dramatically.”
Director of Homeownership Programs, PA Housing Finance Agency
“We didn’t want to burn out our internal team, but we couldn’t hire staff fast enough. MetaSource gave us experienced people who worked like an extension of our staff and helped us catch up.”
Managing Director of Homeownership, Virginia Housing
How Our Whole Loan Purchase Reviews Work
Processes Designed to Meet Your Unique Needs
Whether you’re looking for a purchase review solution that includes audit workflow automation technology in addition to expert review services or just outsourced support to overcome capacity constraints, MetaSource can help. We offer two different options for purchase reviews:
- Technology & Expert Services: Get outsourced purchase review support as well as access to our mortgage audit workflow automation platform, which provides visibility into progress, discrepancies, and defects.
- Expert Services Using Your System: Provide access to your platform, so our team can perform the same tasks on the same system as your in-house employees, supplementing efficiency and execution.
What’s Included in Whole Loan Purchase Reviews
Simultaneously expedite the purchase review process and improve loan quality with comprehensive audits. You can seamlessly turn inefficient processes into streamlined, reliable workflows with solutions that are built on decades of mortgage compliance experience and tailored to your team’s needs.
Document review, addressing availability, completion and accuracy of executed documents to include undersigning or notary endorsement issues
Data review and comparison with the source documentation or system of record (AUS) verifying investor-identified fields
Review of any issues identified to affect salability or loan performance as experienced or added to the process flow
Automated compliance testing that includes TILA, HOEPA, HPML, MDIA, ROR, FNMA, TRID points and fees and state consumer credit
Upgrade Your Whole Loan Purchase Review Process Today
Interested in improving turn times, lender satisfaction levels, and cost efficiency at the same time? Get in touch with a purchase review expert to explore how we can help you achieve these outcomes.