Q-Close™ | Mortgage Quality Control Platform
Today’s economic climate has created serious challenges for mortgage lenders and investors. Originations are declining, and the rising tide of borrower defaults has caused secondary market investors and regulators to scrutinize loans more carefully than before. Lenders need to significantly reduce errors and omissions contained in loan files yet still find ways to reduce costs. But how?
Q-Close™ Gives Lenders Cleaner Loans More Efficiently
Aklero is the answer. The quality control technology components and services embedded in Aklero’s Q-Close™ platform allow mortgage lenders and investors to get cleaner loans with much greater efficiency. Q-Close is used at key points in the mortgage process — both pre-close and post-close — to validate that certain processing and closing requirements have been fulfilled. Our Q-Close™ platform safeguards and streamlines the mortgage closing and post-closing process to automatically assure key audit requirements have been met.
Automating Manual Loan Review Processes to Lower Costs
Q-Close™ doesn’t just detect deficiencies and ensure quality control of your loan files. It lowers your costs by automating the intensive manual loan file review and post-closing audit processes so your staff can focus on fixing deficiencies. This enables you to process and underwrite more loans per person while significantly reducing your warehouse interest expense, operations cost and buyback risk.
The Q-Close™ platform utilizes sophisticated online tools that enable you to assign deficient loans to team members and track the exact status of loans in progress, so you can make better underwriting, processing and secondary market decisions. Once all deficiencies are clear and, if you use Q-Close™ for post closing audits, you can then electronically ship and manage files direct to your investor.
If you recognize that technology can ensure loan quality and lower costs simply contact us to start enhancing your loan quality initiative.