Correspondent Lending – Origination

Rapidly deliver loans while maximizing quality and minimizing risks

In a highly competitive mortgage landscape, correspondent lending offers a robust channel for lenders to expand their product offering and grow market share. Collaborating with an experienced vendor with the right people, process and technology capabilities can help lenders capitalize on emerging opportunities in prime as well as non-prime lending markets.

With more than 25 years of experience in the industry, Sourcepoint understands the importance of high quality loan delivery for secondary markets. We offer a full range of industry leading, SAFE-licensed solutions and an extensive team of industry veterans to help you optimize processes, tighten reviews and reduce backlogs. Our flexible engagement model and customizable solutions enable lenders to reduce capital expenses and overheads, while delivering an exceptional customer experience.

Our correspondent lending services includes:

  • Document Management
  • Pre-purchase Reviews
  • Warehouse Line Management
  • Post-Close Document Services
  • Compliance and Quality Control

Document Management

  • Sort, categorize and index documents
  • Completeness, accuracy reviews
  • Complete and upload applicable worksheets
  • Manage follow-up document guidelines
  • Leverage OCR/ICR & RPA

Pre-purchase Reviews

  • Efficiently manage loan pipeline
    • Rapid, detailed review of large volume loan documents
    • Accelerates time to funding
    • Improves customer service
    • Reduces risks

Warehouse Line Management

  • Set up stringent screening process for flow
  • Periodic reviews to detect fraud and mitigate risks

Post-Close Document Services

  • Ensure accuracy of trailing documents
  • Timely document delivery to purchasers and investors
    • Eliminates fines and hold-back funds
    • Improves profitability

Read more on our Post close document services.

Compliance and Quality Control

  • Ensure quality assurance, compliance through Sourcepoint’s professional services practice

Find out more on our compliance and process consulting services.

Why Sourcepoint?

25+ years delivering market-leading solutions

Tap into our expertise - We work with the biggest names in the US mortgage market to deliver superior business outcomes

Global centers enabling 24/7 omnichannel experiences

Create a unified experience across channels and services - ranging from mortgage origination and routine servicing to foreclosure and default servicing

Data-driven approach & cutting-edge technology

Stay ahead with next-gen solutions underpinned by Robotic Process Automation, AI, Machine Learning, Advanced Analytics and more

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