CLOSING AND FUNDING
Rapidly and accurately finalize the mortgage loan prior to closing and funding.
Prior to generating the CD, Checkpoint Audit identifies all required documents, runs data extraction and validates missing and expired documents and data integrity across documents and with the LOS. Documents reviewed include the collateral, insurance, and title documentation.
Once a funded loan is committed for purchase to an investor (e.g., Freddie/Fannie), the system updates fields in the LOS, generates an XML loan file, clears data entry validations, and submits the loan to the investor. The automation can also generate LCA/UCD reports, generate post-closing forms, index delivery documents, update the ULDD details, generate the PDF investor package, and upload the file to the system of record for delivery to the Servicer/Co-Issuer, including delivery through Freddie’s FAST and package delivery to servicer via SFTP transfer.