POST-CLOSING AND SHIPPING
Send the fully audited loan to your investor with confidence
The system runs a data integrity audit after the file has closed (but prior to investor delivery) in order to identify documents, extract data and run business rules to ensure the Closing documents are aligned with the Underwriting documents.
Once a funded loan is committed to an investor (e.g., Freddie/Fannie) for purchase, 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 the servicer via SFTP transfer.