Grid Origination Services delivers effective mortgage processing solutions through a unique delivery model combining domain expertise, market knowledge, and customer focus. They provide streamlined operations, reduced costs and turnaround times, improved productivity and quality, and enhanced responsiveness to meet service level commitments. Testimonials from banking executives praise Grid's experience, customer service, and ability to improve efficiencies and competitiveness while maintaining quality standards.
Grid Financial Services is a mortgage process outsource firm located in Raleigh, NC. We currently provide services to clients ranging from top ten banks to community banks and mortgage lenders.
Grid Financial Services is a mortgage process outsource firm located in Raleigh, NC. We currently provide services to clients ranging from top ten banks to community banks and mortgage lenders.
Mortgage Brokers work in the 21st century with clients who are online. Many mortgage brokers still use methods that were used in the 20th century.
Brokerpad is a secure online system that automates the loan processes of mortgage brokers.
Features:
- Secure online fact find for clients.
- User-friendly to make it easy for clients
- Document upload, renaming and collation system
- Electronic lodgement to banks
- Mini-CRM
- Transaction logs
- NCCP compliance questions
Benefits:
- Saves 3 to 6 hours per deal
- Accurate and more complete client information
- Accurate documentation
- Automatically renames client files according to type.
- Covers all required NCCP compliance NCCP questions
- Eliminates the need for a client fact find meeting
- Repeat clients do not need to re-enter data.
- Clones deals, so no need to re-enter data into bank portal
Organized, efficient and precise; excellent written and verbal communication skill, ability to prioritize assignments with urgency, executive decision-making skill, outstanding analytical skill, team building and relationship building skill; exemplary leadership and management skill, customer service, interpersonal skill.
DCR Benefits from using Fieldpoint Service Applications Colleen Rodericks
"I am writing to share with you the very positive impact Fieldpoint has on the delivery of services to our clients and thus the profitability of our company."
- Denase Harris, President, DCR
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There comes a time with all outsourced services when your current contract or provider is not fulfilling the needs of your organization and you realize that it is time to move on. In late 2008, nearly a year after I joined Volkswagen Group of America, I was at that point and took action. This session will outline an 8 step process that Volkswagen Group of America took to turn a helpless situation with 1 person and 2 bad contracts into a shining star in our IT Department and a world class Client Services department.
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Non-Banking Financial Companies (NBFCs) are the backbone of the Indian financial services. They are great enablers of financial inclusion as they support the growth aspirations of industries and people even in the remote corners of the country. FiNSTA, a flagship product of Kapil IT, is a cutting-edge NBFC software that helps NBFCs to minimize their operational risks and achieve optimal efficiency.
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Mortgage Brokers work in the 21st century with clients who are online. Many mortgage brokers still use methods that were used in the 20th century.
Brokerpad is a secure online system that automates the loan processes of mortgage brokers.
Features:
- Secure online fact find for clients.
- User-friendly to make it easy for clients
- Document upload, renaming and collation system
- Electronic lodgement to banks
- Mini-CRM
- Transaction logs
- NCCP compliance questions
Benefits:
- Saves 3 to 6 hours per deal
- Accurate and more complete client information
- Accurate documentation
- Automatically renames client files according to type.
- Covers all required NCCP compliance NCCP questions
- Eliminates the need for a client fact find meeting
- Repeat clients do not need to re-enter data.
- Clones deals, so no need to re-enter data into bank portal
Organized, efficient and precise; excellent written and verbal communication skill, ability to prioritize assignments with urgency, executive decision-making skill, outstanding analytical skill, team building and relationship building skill; exemplary leadership and management skill, customer service, interpersonal skill.
DCR Benefits from using Fieldpoint Service Applications Colleen Rodericks
"I am writing to share with you the very positive impact Fieldpoint has on the delivery of services to our clients and thus the profitability of our company."
- Denase Harris, President, DCR
Waking up from a service sourcing nightmareDan Wilson
There comes a time with all outsourced services when your current contract or provider is not fulfilling the needs of your organization and you realize that it is time to move on. In late 2008, nearly a year after I joined Volkswagen Group of America, I was at that point and took action. This session will outline an 8 step process that Volkswagen Group of America took to turn a helpless situation with 1 person and 2 bad contracts into a shining star in our IT Department and a world class Client Services department.
Need for Speed in Member Business LendingBaker Hill
In this fast-paced environment, how can a financial institution accommodate the needs of their business customers quickly, while managing risk? This session will discuss how each generation looks at the digital environment and what you can offer to address their Need For Speed.
Revolutionizing lending in today's digital worldExperian
Imagine a world where the lending journey is streamlined and aligned with today's innovative technologies. A world where income and asset verification happen real-time. No need to return to your customers and request even more paperwork to support their ability to pay. This presentation dives into how lenders can now bring financial data aggregation into the mainstream. With a simple interface, lenders can verify income and assets in minutes vs. days, leading to reduced processing times, improved revenue streams and higher customer satisfaction.
Why Do Banks Spends Millions for Credit Management System?Banu HImawan
While Financial Technology well known as Fintech is altering the way Banks and NBFIs run their businesses, more are still curbed by hesitation of the investment cost will not pay-off.
3. Empower Informed Decisions: Data-Driven NBFC Software for Smarter Lendingfinstasoftware123
Non-Banking Financial Companies (NBFCs) are the backbone of the Indian financial services. They are great enablers of financial inclusion as they support the growth aspirations of industries and people even in the remote corners of the country. FiNSTA, a flagship product of Kapil IT, is a cutting-edge NBFC software that helps NBFCs to minimize their operational risks and achieve optimal efficiency.
3. Empower Informed Decisions: Data-Driven NBFC Software for Smarter Lendingfinstasoftware123
Non-Banking Financial Companies (NBFCs) are the backbone of the Indian financial services. They are great enablers of financial inclusion as they support the growth aspirations of industries and people even in the remote corners of the country. FiNSTA, a flagship product of Kapil IT, is a cutting-edge NBFC software that helps NBFCs to minimize their operational risks and achieve optimal efficiency.
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The lending landscape is by far one of the most competitive sectors within financial services, and customers today are spoilt by the choices offered to them, while many underserved markets still remain to be tapped into. EY is able to help you to differentiate your business model, work with you to improve your business so that your customers stay satisfied and your business will continue to grow for the foreseeable future.
An objective and comprehensive approach to evaluating the variety of strategic options available to lenders with a decision making construct for action.
Real estate risk advisory brochure 2013Nidhi Gupta
Riskpro India is a specialized Risk Management Consulting firm providing risk management advisory, risk trainings, internal audits, forensic accounting, investigations, fraud prevention, process reviews services etc.
Real estate services involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments. Management and evaluation of risk is a major part of any successful real estate investment strategy where risk occurs in many different ways at every stage of the investment process from sale, purchase, tenancy to market and environmental conditions where one needs a prudent approach for mitigating potential risks in this business for investors, buyers, sellers and vendors.
Basis above backdrop we’re pleased to launch our comprehensive Real estate Risk advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
2. Grid Origination Services, Inc., delivers
effective solutions
with a combination of a unique delivery model,
mortgage domain expertise, market knowledge and
customer focus that provides our clients with
superior support and service.
3. TESTIMONIALS
"Grid has been an integral business partner of First Reliance Bank for the last several years. Through our
relationship with Grid, we have significantly improved our operational efficiencies by reducing fixed costs.
Their experience, knowledge and dedication to customer service plays a major role for our bank to effectively
compete in the marketplace. We consider them a valuable resource to our team." -Ken Cox, EVP Mortgage
Banking, First Reliance Bank, South Carolina
"Grid provides a great solution to the industry need for underwriting efficiency, consistency, and scalability. In
addition, their entire staff is courteous and conscientious and sincerely want to help close loans.“ -President,
Virginia mortgage lender
"By outsourcing our processing and closing functions to Grid, we have been able to focus on our core
competencies of origination and sales. The cost-effectiveness and scalability of your services allows us to
increase our production at a rate that would have been impossible with the traditional internal employee
structure. Grid has delivered as promised, allowing us to achieve record production." -EVP, Tennessee
community Bank
"I was concerned that we would lose control of our pipeline by outsourcing our underwriting, but I found the
opposite to be true. We are able to better manage our pipeline by using Grid’s underwriting fulfillment
services. Our Grid underwriter quickly became part of our team; she is a good common-sense underwriter that
provides fast turn-times with thorough and accurately underwritten loans." -SVP, #1 North Carolina
Community Bank
"Grid has the ability to underwrite to the standard of quality we expect from our own employees which
included a significant number of overlays. Grid was able to ramp up quickly when our business required it and
helped us capture significant market opportunities while maintaining quality standards." -National
Underwriting Manager, Top Ten National Bank
4. BACKGROUND
• Grid is a Business Process Outsource firm located in
Raleigh, NC
• National footprint servicing banks and mortgage
lenders
• Provides end-to-end mortgage processing solutions
that assist brokers, bankers, and lenders
• Entirely domestic based business support model
gives unique insight into market needs
5. BENEFITS
Grid’s approach provides the process knowledge tools
to service client needs effectively
•Streamlines partners’ business operations
•Reduces costs and turnaround times
•Optimizes operational capacity
•Increases productivity
•Improves quality
•Enhances responsiveness
•Meets and/or exceeds service level commitments
6. ORIGINATION FULFILLMENT
Highly qualified seasoned mortgage professionals include
staff processors, underwriters and closers
•Data entry
•Document collection
•Processing with complete customer/client interaction
•File underwriting
•Complete closing services
•Post closing audits
•Trailing document management
•Direct investor shipping
•Quality control audits
7. ORIGINATION FULFILLMENT PARTNER
By choosing Grid, you…
•Are able to access any piece or an entire custom
solution to meet your needs
•Have flexibility to your front end sales functions which
allows you to concentrate on your customers’ needs
•Maintain turn times where you want them with the
availability of short-term engagements
•Avoid using a vendor’s loan origination system, as Grid’s
resources are trained to use your system – providing full
transparency
8. ORIGINATION FULFILLMENT PARTNER
By choosing Grid, you…
•Avoid the tremendous expense and reputational risk
associated with fluctuations in headcount
•Enjoy a modest and predictable cost to originate.
•Meet your requirements while avoiding full-time staff
expenses and training
•Tip the economies of scale in your favor when Grid
augments staff to your dedicated team as needed
•Receive top-level customer service, as customer service
is our foremost mission
9. MORTGAGE FULFILLMENT
Loan Setup
•File pre-audit
•Data entry
•3rd party service
requests
•Re-disclosures, as
necessary
Loan Processing
•Customer welcome letter
•Missing document request
•Scheduling and ordering
(appraisal, title, etc.)
•Document review
•Automated underwriting
decision
•Underwriting submission
(Grid Financial, client or
investor)
•Final stipulation clearance
Loan Underwriting
•File review
•Underwrite to investor
guidelines
including risk overlays
•Review and clear
conditions
•Decision the file and sign
off on final stipulations
10. MORTGAGE FULFILLMENT
Loan Closing
•Schedule closing
•Get final approval from
client to close
•Prepare closing
instructions
•Review settlement
statement for accuracy
•Send documents to
attorney
•Submit wire request
•Verify closing/funding
•Receive executed and
recorded package
Post Closing / Shipping
•Audit file for documents
and signatures
•Put in correct stacking
order
•Collect any trailing
documents
•Ship file to client for
review or to investor
•Clear any funding
deficiencies
Quality Control
•Review compliance
documents for accuracy.
•Review credit package
•Request and review 3rd
party services
•Create and provide
comprehensive report
documenting all
compliance and credit
errors.
11. CONTACT
Grid Origination Services, Inc.
2724 Discovery Drive
Raleigh, NC 27616
Paul Hindman
Owner/VP Managing Director of Business Development
919-803-1665
Bill Dunn
Owner/VP Managing Director of Operations
919-744-2103
http://gridoriginationservices.com