Mortgage Services

Mortgage Services:

ESSLLC improves the scale, quality and economics of our client’s back-office operations. We offer fully compliant Mortgage outsourcing services to Mortgage Lenders. You can choose to outsource all or any part of the processing, underwriting and closing of first and second lien residential mortgage loan transactions. In addition, we provide a wide range of closed loan review services including complete due diligence services.

Our comprehensive mortgage services include progressive technology and the highly-qualified staff necessary to Lock Loans, Send Disclosures, Process Loans, Clearing Underwriting conditions, Close loans and Post-Closing Services on the client’s behalf (SAFE Act Compliant).

Our component outsource services are designed to provide more flexibility and scalability for our clients, saving time-to-market as well as overhead and capital expenses. Each service can be tailored to the client’s specific requirements.

Mortgage Services:

ESS offers a complete solution for locking loans with all investors in industry which includes many variables involved in the reviewing and verifying of price quotes and locks requests. Committing loans with many investors and issuing confirmations to appropriate parties is included as well. Also included is the entering of lock request and confirmation information accurately and efficiently into the LOS.

The Real Estate Settlement Procedures Act (RESPA) requires that initial disclosures be postmarked within three business days of receiving the loan application. Satisfying this requirement can be a labor intensive process involving preparation, postage fee. E-Disclosures with eSign changes all of this technology delivers Initial Disclosure documents electronically to your borrowers within a few seconds and the document review and signing process is completed immediately. If the electronic documents are not accessed within 48 hours, the documents are automatically printed and mailed to the borrowers.

ESS offers tailor-made and complete end-to-end origination capability and solutions. Combined with advanced logical methodology and our proprietary real-time loan tracking and pipeline management tools, we can help lower the costs of mortgage processing, improve pull-through rates, accelerate cycle times, and increase customer satisfaction.

Our Loan Closing agents can assist mortgage brokers as well as lenders in streamlining their loan closing processes to reduce loan processing time and costs. We prepare closing documents, coordinate with closing agents, review final conditions and ensure adherence to compliance statutes.

The post-closing process, performed after the mortgage documents have been duly signed and sent back to fund the loan, involves rigorous auditing and reporting to ensure that all the documentation is complete and in compliance with the underwriting and loan processing rules.

At ESS we use both Encompass and Calyxsystem/Applications as per industry standard. Encompass is all-in-one One Solution for Every Loan, Every Stage, Every Day. Automated compliance and quality reviews an integrated network of service providers. More mortgage industry innovation inside than you can shake a loan file at. Fully integrated solution that covers the entire loan lifecycle and provides one system of record so you can close high-quality, compliant loans more efficiently, no matter what the industry or regulators do next.