Prologiq Business Services is a business process management company that provides back office services to US mortgage companies. It offers services across the entire loan life cycle including loan processing, underwriting, appraisals, title services, and transaction coordination. The company aims to function as a low-cost offshore center to help clients increase returns and reduce operational risks. It provides 24/7 availability, scalability, and keeps client information confidential.
1. Loan life cycle solu ons
Mortgage Services Offerings: Prologiq assists Mortgage Brokers and Lenders as an
extension of their back office in most ac vi es from start to end.
• Loan Processing
• Underwri ng
• Disclosure services
• Pre-Funding services
• Loan closing
Services Briefing
Review ini al 1003 and respond to loan applica on within 24 hours
Update Automated Underwri ng systems and Loan Origina on systems
Order Credit reports, Employment verifica on Prepare/ Review disclosures
throughout the loan life cycle.
Pre-Funding Review as a service
We verify
• Credit Report
• Borrower Employment
• SSN
• Fraud Report
• Ini al and Final 1003
• All disclosures
• Appraisal
• Title commitment and Mortgage
• Other income
Prepare Closing Package post approval by the
Bank / Broker (Collate the closing documents.)
Prologiq Business Services is a trustworthy
and reliable business process management
company which providescomplete back end
services to the players in the US Mortgages
space across func ons such as Origina on,
Title Services, Appraisal, BPO Data Entry,
Property Preserva on and Inspec on, REO,
Transac onCo-ordina on,HUDPrepara on,
LoanAudit,QA,etc...
Our Objec ve
•To func on asalowcostoffshorecenterfor
thesmall,medium,andlargeen esthereby
increasing their ROI and reducing opera-
onal risks.
Review documents for loan eligibility and report to Bank/Broker
• Assessment of Capital,Capacity & Collateral
Phone +1 973 419 5555 E-mail: info@prologiq.in
2. Prologiq Business Services is a
trustworthy and reliable business
process management company which
provides complete back end services
to the players in the US Mortgages
space across func ons such as
Origina on, Title Services, Appraisal,
BPO Data Entry, Property Preserva-
on and Inspec on, REO, Transac on
Co-ordina on, HUD Prepara on, Loan
Audit, QA, etc...
Our Objec ve
• To function as a low cost off shore
center for the small, medium, and large
entitiestherebyincreasingtheirROIand
reducing operational risks.
• Pull out property information from MLS and Public Records
• Obtain informa on of comparables both Listed and Sold
• Upda ng Systems with Data obtained on the property
BPO Data Entry
BPO Order Management
•Allocate BPO orders to vendors based on
coverage areas
•Followup on late orders, Incomplete
informa on
•Review of completed BPOs for
completeness and Accuracy.
• Listing of Property on MLS
• Managing Property Expiry and relist them whenever applicable
• Preparing Monthly reports on property
• Drawing up the contracts with poten al customers
• Coordina on with Property Management companies in ge ng
necessary repairs done on the property.
• Handling Customer Queries/ Emails on proper es
Broker Back Office Services
• Ordering Inspections
• Map timelines
• Followup with Buyers’ / Sellers’ agents
• Co-ordinating for repairs and closing
Transac on Co-ordina on
E-mail: info@prologiq.in | website : www.prologiq.in
Loan Processing and Origina on Services
• Co-ordinating with origination companies
• Documentation
• Underwriting and Pull credit
• Critical Suspense Review
• Pre-Underwriting
• Pre-Purchase Audit
• Post Closing Audit
Real Estate Services
Phone + 1 973 419 5555
•Manage the asset through Pre Marketing and Closing Phase.
•Interac on with Property Preserva on companies for property Management
•Managing and review of BPO/ CMAs
•Maintain the lis ng agents
•Interac on with Title and Closing companies in comple ng and closing formalites
•Management of HOAs / U li es Etc.
REO Asset Management
3. Data Entry Bid Prepara on
Bid Review Vendor Management
Reconcilia ons Reports Management
• To func on as a low cost offshore
center for the small, medium, and
large en es thereby increasing their
ROI and reducing opera onal risks.
Prologiq Business Services is a
trustworthy and reliable business
process management company which
provides complete back end services to
the players in the US Mortgages space
across func ons such as Origina on,
Title Services, Appraisal, BPO Data
Entry, Property Preserva on and
Inspec on, REO, Transac on
Co-ordina on, HUD Prepara on,
Loan Audit, QA, etc...
Our Objec ve
Phone +1 973 419 5555 E-mail: info@prologiq.in
• Assigning Inspec on orders to vendors – Both
Pre FC and REO
• Review of Inspec on reports
• Upda ng the Client Systems
• Follow up on late, pending, pending
correc on, and incomplete orders
Inspec on Services
•Assessing the nature of repair required
•Alloca on of required repair tasks to vendors
•Obtaining /Prepairing and reviewing bids for
property repairs
•Ensuing the repairs are completed as required
•Update the Client system
Property Preserva on Management
•Vendor Recruitment and Training
•Order Alloca on and Follow-ups
•Order Upda ng onto System
•Monitoring Vendor Performance, TAT, and Quality
•Vendor License and Compliance Requirement
Management
Vendor Management
Vacant Property Registra on
• Check if property registra on norms apply
• Complete necessary documenta on
• Registra on with the city for VPR with
payment of relevant fee.
Recurring Services Management
•Upda ng order onto client systems with photos
•Iden fica on of assets requiring this service
•Order alloca on to vendors on periodic intervals
•Order review for comple on
U lity Turn On
•Iden fy the U lity Service Provider for asset
•Check for the requirements for Turn On
•Receive relevant documenta on from the client
•Coordinate with the U lity company for Turn On
REO Asset Management
•Update the client system
• Manage the asset through Pre Marketing and
Closing Phase.
• Interac on with Property Preserva on companies
for property Management
• Managing and review of BPO/ CMAs
• Maintain the lis ng agents
• Interac on with Title and Closing companies in
comple ng and closing formalites
• Management of HOAs / U li es Etc.
1000
4. Focus on Core
Activities
Improve Quality
& predictable delivery
Seemless ramp up
ramp down
Reduce time
to Market
Reduce
Capital Expense
Decrease
variable Cost
Prologiq saves its clients at least 50% savings on associated labour.SAVINGS
Prologiq provides its clients 3 shifts of staffing that cover all
24hours in a day, allowing them to have work processed more
immediately, issues resolved much quicker, and assignments
generated more swiftly.
24/7 AVAILABLITY
Prologiq provides its clients the ability to instantly and easily ramp
up or down to accommodate work load fluctuations, new client
acquisitions, and seasonal variations.
SCALABILITY
While prologiq provides clients full-time staff for low per-month
fee it also provides many of its clients a fee-per-order model
wherein the cost that the client incurs per order does not
fluctuate in accordance with work order volumes or other factors.
PAY PER ORDER
Prologiq’s clients can be rest assured that, as agreed to in a
detailed contract, prologiq’s representatives will never disclose
the names or contact information of its clients to any outside
parties, in addition to keeping all client information and data
strictly confidental.
CONFIDENTIALITY
TOP REASONS TO OUTSOURCE HIGHLIGHTS OF ENGAGEMENT MODEL
Enquiry to Go live in as much as one day
Minimum Paper work
Well defined goals delivered in
Flexible staffing of team
Well trained project management
professionals
www.prologiq.in info@prologiq.in +1 973 419 5555