Skip to main content

Interthinx Launches SAFE Act-Compliant Underwriting Services

NationalMortgageProfessional.com
Oct 17, 2014

Interthinx Inc., a subsidiary of First American Financial Corporation, has announced the launch of its Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act-compliant Contract Underwriting Services, a fully integrated, comprehensive service providing as-needed underwriting staff to augment or replace a mortgage lender’s existing underwriting resources. Engaging Interthinx SAFE Act-compliant Contract Underwriting Services allows mortgage lenders to respond with agility and confidence to market cycles, giving them the flexibility to staff up quickly, or to reduce staff as volumes dictate under a profit-friendly variable cost model.

Interthinx Contract Underwriting Services encompass:

►Outsourced front-line underwriting for conventional, jumbo and mortgage insurance (MI) product;

►Upfront layered risk assessment of credit, compliance, income, assets and collateral;

►A decision issued on each loan at origination, resulting in a clear-to-close, conditional approval, or declination;

►Condition clearing and remediation; and

►Direct communication between underwriters and brokers, loan officers and internal staff on loans in the pipeline.

“We are launching Interthinx Contract Underwriting Services in response to growing demand by mortgage lenders for a reliable partner in outsourced expert services,” said Jeff Moyer, president, Interthinx. “For decades Interthinx has been focused on building its expertise in the mortgage process from a quality control, fraud and forensics perspective. Now, with SAFE Act-compliant underwriting resources at the ready, we are ideally positioned to assist directly in the loan manufacturing process.”

Interthinx Contract Underwriting Services dedicates a highly-qualified and experienced underwriting team to each client, ensuring its intimate familiarity with the lender’s processes, loan programs, tolerances, and sales personnel. All Interthinx underwriters have current front-line experience with agency underwriting and average five years of industry experience. In addition, Interthinx management services encompass hiring, training, and on-boarding team members.

The underwriting services can be performed directly within the lender’s loan origination systems, eliminating the need for costly and error-prone data transmissions. Teams are trained to manage the workflow, provide excellent customer service to loan officers and brokers, and have experience in all product types.

Published
Oct 17, 2014
'A Long Road To Normal'

Nominated again to lead The Fed, Powell tells Senate committee to expect three rate hikes, but 'if we have to raise interest rates more over time, we will.'

Regulation and Compliance
Jan 11, 2022
CFPB: Complaint Response Worsens At Big 3 Credit Bureaus

Report claims Equifax, Experian, and TransUnion routinely failed to fully respond to consumers with errors.

Regulation and Compliance
Jan 10, 2022
The Fed Names Chairs, Deputy Chairs For 12 Reserve Banks

In recent years, the Federal Reserve System has worked to increase the overall diversity of the Reserve Bank and branch boards of directors and continues to build on those efforts.

Regulation and Compliance
Jan 06, 2022
The Fed: Rate Hike Likely Coming in June

Federal Open Market Committee's December minutes reveal discussion of first hike in federal funds rate in 2Q of 2022, as well as of ending asset purchases by March.

Regulation and Compliance
Jan 05, 2022
AARMR No Protection For Savanah Scares

Conference provides opportunity for regulators to interact, discuss common topics

Regulation and Compliance
Jan 04, 2022
McCargo Sworn In As Ginnie Mae President

Former HUD official becomes the first female to lead the Government National Mortgage Association.

Regulation and Compliance
Jan 04, 2022