Planman Technologies

>> Planman's Offering

Planman Technologies has the industry knowledge, process expertise and scale to deliver the highest quality back-office support to the mortgage industry. We offer a unique combination of people, processes and technology to help mortgage loan business grow, while you focus on customers. our back-office support compliments your processes throughout the value chain - Origination (including underwriting), Servicing, and Closing.

Planman Technologies offers back-office support in mortgages under two verticals:

Mortgage

Residential Mortgage Commercial Mortgage

Residential Mortgage Banking:
1. Loan Origination:
  - Data entry & indexing
  - Loan summaries to support underwriting
2. Loan Processing: End to end mortgage application processing with:
  - Comprehensive business support
  - Processing stage transparency
  - Built in quality assurance
  - Pro- active issue notification
3. Underwriting:
  - Loan application checks
  - Support in collateral checks
4. Closing:
  - Exceptions handling
  - Assignment processing
  - Document Recovery
  - QA support on loan documents
  - Preparation of final packages
5. Post closing processing:
  - Title recording confirmation
  - Trailing Docs Tracking
  - Docs Retrieval
  - Data Integrity Audit
6. Asset grading: Verification of all underwritten documents in order to make loan documents eligible for securitization process.
Commercial Mortgage Banking:
1. Financial Statement Analysis: High volume analysis and classification of borrower & corporate financial statements for securitized & balance sheet loans.
2. Lease Abstracting: Review & abstract key provisions in lease & mortgage documentation.
3. Insurance Abstracts & Review: Abstracting client insurance requirements from mortgage documents & providing ongoing surveillance to ensure compliance with loan terms.
4. Commercial loan Underwriting: Loan origination for different lenders based upon standard underwriting guidelines. The committed loan is subjected to standard debt service coverage ratios & LTV as per the property types.
5. Asset Summary Preparation: Credit committee report generation and asset summaries keeping in mind the rating agencies criteria.


Copyright 2006, Planman Technologies, IIPM, Arindam Chaudhari's Initiative