Mortgage Loan Setup Workflow Template

OpsDog Mortgage Loan Setup Workflow - Preview Image

Overview: Mortgage Loan Setup Workflow Template

This workflow template illustrates the involvement of three functional groups (loan officer, team support and underwriting) in the setup of a mortgage loan. Purchase and download this template in PDF, Visio (VSD), PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand the Mortgage Loan Setup process.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Mortgage Loan Setup

What is included in Mortgage Loan Setup?

The Mortgage Loan Setup process involves three functional groups (loan officer, team support and underwriting) in the setup of a mortgage loan. Mortgage Loan Officers gather all necessary information, documents and payments from the potential borrower before sending all required documents to the team support. Team support then processes the new application and forwards it to underwriting, which evaluates the application. If denied, the client is notified by the loan officer and the denial is logged. A second review may take place. If the application survives, the loan officer notifies the client of approval.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Mortgage Loan Setup process:



Which employees and/or departments are involved in this process?

The following parties are typically involved in the Mortgage Loan Setup process:


  • Customer
  • Mortgage Loan Officer
  • Team Support
  • Underwriter

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Mortgage Loan Setup

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PPT and Visio versions
    - Mapped in BPMN 2.0 format

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

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Need help?
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Call: 844-650-2888
Email: info@opsdog.com
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