Services

1. Second Look Underwriting Review:
 StateSide Global will re-underwrite or will pre-underwrite any file for any loan program providing a level of confidence the file will be salable.

2. FHA Test Case Review:
 StateSide Global will assist a lender through FHA Test Cases and Insuring. Pricing depends upon the experience/knowledge of the FHA staff underwriter. The FHA staff underwriter will underwrite the file and once a CTC has been issued, the stacked loan file will be uploaded to Stateside Global. StateSide Global will re-underwrite/review the file and provide a list of conditions/deficiencies.

3. Conventional Underwriting (FNMA / FHLMC):
 StateSide Global will underwrite loans to GSE guidelines unless specified overlays are identified.

4. Non-QM Review (Loan Amounts under $1 million):
 StateSide Global will underwrite loans to identified lender guidelines.

5. Single Unit Approval Review (FHA SUA):
 StateSide Global will review the lender collected condominium documentation to ensure the condominium project meets the Single Unit Approval guidelines as outlined in HUD Handbook 4000.1.

6. Full Condominium Review (FHA HRAP):
 StateSide Global will review the lender collected condominium documentation to ensure the condominium project meets the Full Condominium Review requirements as outlined in HUD Handbook 4000.1. StateSide Global will also stack and prepare the condominium package for submission to the FHA jurisdictional Homeownership Center.

7. Full Condominium QC Review (FHA DELRAP):
 StateSide Global will review the lender approved or lender rejected condominium DELRAP package for compliance with HUD Handbook 4000.1.

8. Insurance Review (Condo / Attached PUD):
 StateSide Global will review the master insurance declaration for a condominium or attached planned unit development project to ensure the evidence of insurance meets the insurance requirements as outlined in HUD Handbook 4000.1.

9. Loan Level Condominium Review (FHA / FNMA / FHLMC):   StateSide Global will review the lender collected condominium documentation to ensure the condominium project meets the loan level review requirements for FHA / FNMA / FHLMC.

10. Consulting:
 StateSide Global includes assistance with underwriting guideline development/gap analysis, operations structuring, condominium department creation, training, etc.

11. Assistance with State Audit Preparation:
 StateSide Global will help to prepare files and any other supporting documentation as requested by the State.

12. Technical Writing:
 StateSide Global specializes in creating or updating manuals for Mortgage Lenders whether delegated or non-delegated.

13. Rebuttal Letters (FHA/FNMA/FHLMC):
 StateSide Global has extensive experience in writing rebuttal letters for all the GSE’s on the request for buy back or indemnification.

14. HMDA Audits:
 StateSide Global will validate all HMDA fields are completed correctly or ensure missing information is completed.

15. MERS Audits:
 StateSide Global will completed the independent third-party MERS Annual Review for delivery by December 31st of each year.

16. Processing (FNMA/FHLMC/FHA/Non-QM)

17. Scenario Desk:
 StateSide Global offers lenders a hotline manned by an Underwriter with Conventional, Government, and Non-QM experience to answer loan officer and/or underwriter questions.

18. Ordering of Condominium Questionnaires:
 StateSide Global will order the agency/lender required condominium questionnaires from either the HOA, Management Company, or online service.

19. Initial Disclosures:
 StateSide Global will review the data entry information in the LOS system and issue initial disclosures to the borrower(s).

20. Initial Closing Disclosure:
 StateSide Global will review the data entry information in the LOS system and issue the initial Closing Disclosure to the borrower(s).

21. Closing/Funding/Shipping:
 StateSide Global will send the Final Closing Disclosure with closing package to the title agent, title attorney, or title company and review the closed package for completeness to ensure the title agent returned all prior to funding underwriting conditions for review and clearance. Once the loan is funded, Stateside Global will stack and submit the closed loan to the investor for purchase.

22. Insuring:
 StateSide Global will prepare the case binders to be uploaded for MIC, assist and train lenders on the input into FHA connection insuring screens and train lenders needing additional training for LI.

23. Trailing Documents:
 StateSide Global monitors the receipt of final documents from Title, County Recorder and if applicable Insurance Companies. Utilizing this service will alleviate any non-delivery fees which could be as high as .125% per month per document.

24. IRS 4506-C Independent 3rd Party Review:
 StateSide Global will compare the lender created Excel spreadsheet against the 4506-C and E-Sign confirmation. StateSide Global will validate the information entered onto the Excel spreadsheet is correct. Once any deficiencies are corrected, StateSide Global will issue a signed letter, on letterhead, confirming the information on the Excel Spreadsheet has been validated and is accurate.

25. Policy and Procedures:
 StateSide Global will either review and update the clients existing Policy and Procedures or will assist the client in the creation of Policy and Procedures.

26. Standard Operating Procedures:
 StateSide Global will either review and update the clients existing Standard Operating Procedures or will assist the client in the creation of Standard Operating Procedures.

27. Servicing Audits:
 StateSide Global will complete a review of the servicing portfolio to ensure all regulations are being adhered to.

28. Six Sigma Black Belt Services:
 StateSide Global has a skilled Six Sigma Black Belt on staff. Six Sigma Lean Black Belts are responsible for leading efforts to reduce variation in processes to enhance results and teaching and counseling company executives and employees to minimize variation, make better decisions, and improve outcomes.

29. Additional Service:
 StateSide Global can develop and customize any additional services that a client may need.