Forerunner in offering outsourced accounting to Mortgage Banks 

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Finding and retaining skilled mortgage accounting  resources is difficult. Outsourcing with us is an option trusted by mortgage banks since 2005.

SUBSTANTIAL REDUCTION IN FIXED OVERHEADS

EXPERIENCED AND HIGH PERFORMING MORTGAGE ACCOUNTING TEAM

UNINTERRUPTED AND HIGHEST QUALITY SERVICES WITH INTERNAL QUALITY CONTROLS

SMOOTH TRANSITIONING PROCESS FOR OUTSOURCING

ACCOUNTING AND BEYOND

Mortgage accounting is a painstaking job. Errors and unreconciled entries could result in lost revenues. Our experienced professionals can help have your numbers reconciled every month. Our trained analysts can research unbalanced entries and provide you with vital input to follow up such entries. Our Mortgage Accounting services are tailored to suit the needs of each individual clients be it big or small. Our association with the Mortgage Industry clients in US has helped us gain valuable insights of the mortgage accounting issues. With a guaranteed cost savings of over 50% we also assure you of efficient, flexible and a long term solution for your accounting needs.

Warehouse credit line Accounting & Reconciliation

Recording  daily/weekly/monthly warehouse credit line entries for advances and settlement and reconciling with warehouse credit lines on daily/monthly basis.

Accounts Payable

Recording invoices as accounts payable for appraisal invoices, FHA/VA payments, VA invoices, general invoices on daily basis for timely booking of invoices and payment.

Funding

Collecting data of loans originated from LOS and posting Funding entries to record the loans in the books to keep the accurate and latest position of loans on hand.

Purchase

Collecting data of loans purchased from LOS and posting Purchase entries into the books to offload the loans purchased by investors and recording interest, fees, leakages etc. 

FHA/VA Accounting

Accounting for loans falling under FHA/VA category. Posting payables for FHA/VA appraisals, taxes and fees.

LOS Updation

Updating the LOS system with various dynamic information for reporting such as updation of Purchase advice, Servicing worksheet, Loan master data, Investor files etc.

Month end Closing

Recording month end entries for interest accruals, fees accruals, expenses provision and other journal entries to close the books. 
Reconciliation of various checking account, clearing accounts(Purchase/Warehouse clearing), critical GL reconciliations.

Research

Identifying loan level balances for closed loans lying in different GLs and clearing the GLs to keep the books clean and avoid audit queries. Researching critical GLs such as appraisal expenses, FHA VA taxes & fees, clearing accounts etc. to correct unreconciled entries and book or reverse unmatched expenses.