Loan Application Processing
Processing loan applications requires precision, thoroughness, and a deep understanding of both regulatory requirements and the specific needs of each borrower.
Cost-Effective
We offer the best value for money on the market. Our cost per outcome is generally the most competitive.
Agile
We move fast and have the ability to ramp up complex engagements with urgency and speed.
Quality & Accuracy
We pride ourselves on maintaining 99.95% accuracy levels as well as 100% uptime for our clients’ most mission critical processes.
Secure
We value and respect our clients’ data and intellectual property, and our operations are secure and monitored.
Processing loan applications requires precision, thoroughness, and a deep understanding of both regulatory requirements and the specific needs of each borrower. Managing this process in-house can be resource-intensive, particularly when dealing with a high volume of applications. Assivo’s loan application processing service can streamline this critical function, ensuring that each application is handled with the utmost care and expertise.
We begin by meticulously reviewing each loan application to ensure all required documentation is complete and accurate. This includes verifying applicant information, such as income, employment status, and credit history, as well as ensuring that all necessary forms and disclosures are included. Our team is well-versed in the latest industry regulations and standards, allowing us to catch any potential compliance issues early in the process, reducing the risk of delays or rejections.
Once the application is verified, we handle the data entry and system input, entering all details into the lender's system. We’ll also inform lenders when additional information is required, ensuring the application moves smoothly through the processing pipeline.
Overall, our team ensures that all relevant information is compiled and organized into a complete loan file, ready for underwriting. Outsourcing this process to Assivo can improve your efficiency, reduce errors, and ensure that each loan application is processed accurately and in a timely manner.
90%+ Client Retention Rate
We have a 3-year client retention rate of over 90%. Additionally, over 87% of our clients expand their relationship with Assivo into multiple functional areas after successfully outsourcing their first process to us.
40–60% Average Operating Cost Savings
Our client companies achieve an average cost savings of 40–60% as compared to their in-house operating costs. We convert our clients’ fixed costs into variable costs. We also reduce their recruiting, training, and retention issues.
99.95% Accuracy & High Reliability
Our team has delivered 99.95% accuracy to our clients and continues to do so on an ongoing basis. Our operations are built to maximize accuracy, while maintaining industry-leading uptime. Our clients rely on Assivo to work on their most mission-critical processes.
Trusted by Leading Organizations for Our Reliability, Experience & Expertise
Define
Share your unique challenges and work requirements, and we’ll create a custom proposal just for you.
Test
Start with a pilot program to see your workflow in action, and we’ll discuss your feedback along the way.
Launch
Go live with a fully trained team of outstanding Assivo staff. Your dedicated team will be overseen by a capable project manager to ensure your needs are met.
Manage & Scale
Provide feedback & growth metrics, and we’ll manage your team’s productivity, work output quality, and size.