UNDERWRITING
Assist the Underwriter to make faster, more efficient, and more accurate lending decisions.
Underwrite Assist
Asset Review
Evaluates the borrower’s available asset statements to ensure sufficient funds for down payment, closing costs, and reserves, across:
- Bank statements (typically covering the most recent 60 days)
- Retirement and investment account statements
- Large deposits, and deposit variances
- Gift letters and corresponding documentation, as applicable
Credit Review
Assesses the borrower’s creditworthiness based on credit history and scores, across:
- Tri-merge credit report
- Credit inquiries and explanations
- Public records (e.g., bankruptcies, judgments, liens, etc.)
- Tradeline analysis (payment history, utilization, age of accounts, etc.)
Income Review
Verifies the borrower’s income sources and stability to determine the ability to repay the loan, across:
- Verification of Employment (VOE) – written and/or verbal
- Social Security, pension, or other benefit award letters (if applicable)
AUS (Automated Underwriting System) Review
Confirms that the loan meets the guidelines of FannieMae (DU), FreddieMac (LPA), or other investor-specific AUS findings, across:
- AUS findings for eligibility, conditions, and doc requirements
- Ensuring loan file matches data submitted to AUS (e.g., income, assets, liabilities)
- Identifying any red flags or inconsistencies needing manual underwriter attention
MOZAIQ’s Underwriter Assist delivers cleaner files, closes loans faster, and maintains a higher standard of quality from the very first review, allowing underwriters to focus on value-added tasks and decisions.
Appraisal Review
Automated Document Review
- Quickly scans critical documents—including Uniform Residential Appraisal Reports (1004, 1073, 1025 forms), flood certifications, purchase contracts, title reports, and FNMA/FHLMC SSRs.
- Identifies discrepancies, omissions, and compliance risks, flagging issues that need immediate attention.
Dynamic Checklist Generation
- Easily creates customizable, compliance-ready checklists tailored specifically to customer needs.
- Uploads completed checklists directly to the LOS, ensuring audit preparedness and regulatory alignment.
Seamless LOS Integration
- Instantly updates property values and key data fields into the Loan Origination System (LOS), significantly reducing manual data entry and errors.
- Auto-populates essential fields and automatically adds or updates underwriting conditions based on customized rules.
Risk Mitigation & Enhanced Efficiency
- Dramatically reduces appraisal review times by automating repetitive tasks and prioritizing actionable insights.
- Strengthens quality control processes, ensuring alignment with investor and regulatory guidelines.
Empower Efficiency and Quality by shifting the underwriter’s focus from paperwork to decision-making, enabling clarity, speed, and accuracy. Reduce risk and elevate loan quality with a solution built to drive efficiencies, lower loan production costs, and unlock scale.
