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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.