+1 727 220 5912 marketing@prologiq.in

Loan Processing

Loan Processing demands studious and meticulous handling of documents. Backoffice work ensuring correct, complete and compliant to the ever-changing regulations, is mundane and time-consuming. We at PrologiQ with our well-trained team and continuously evolving systems and procedures help our clients to better manage routine loan processing work and at the same time provide upwards of 50% savings on associated cost. PrologiQ, by executing the time consuming and clerical work, saves precious time for client-side personnel so that they can focus on critical functions.


Loan Set Up
  • Indexing of initial package
  • Compliance review – Fee compliance (review of GFE, TIL, Loan Estimate) and data compliance (verification of loan parameters like LTV, DTI, etc. falls within investor guidelines)
  • Scrubbing – initial document review, review for signature and date on initial disclosures like loan estimate, borrower auth, 4506-T, etc. as well as completeness of details on various documents provided by the borrower
  • Ordering of various third-party reports as well as loan utility-reports like appraisal, title report, credit report, fraud guard, tax transcript, etc.
Pre Qualification/ Pre Underwriting
  • Review of documents related to credit, income, asset or property of the borrower
  • Verify and update data into system based on documents reviewed.
  • Recommendation of decision after AUS
  • Note, flag and escalate
Conditions Clearing
  • Follow up and procure documents required by the underwriter
  • Review and clear them to closure
  • Order verification docs like verification of income, deposit and others (to clarify and to get further information- when required)
Pre Closing
  • Closing document preparation – closing disclosure and HUD as applicable
  • Review of HOI, flood Insurance and title insurance for correctness, completeness and compliance to the insurance guidelines
  • Clearing closing conditions like verbal verification before the stipulated time
  • Dispatching closing instructions to the closing agent
  • Schedule for actual closing
Pre Funding
  • Review of final closing documents
  • Review and clear prefunding conditions
  • Initiate funding
Recovery of Docs
  • Trailing document retrieval from title agency, closing agent etc.
  • Close docs indexing
  • Prepare document stack for investor
Pre Investor Audit (Post closing Audit)
  • Post-closing compliance audit – audit of receipt of complete package, signatures and others
  • Quality Control Audit – extensive end to end review of files