CONCORD gives a loan processor one exception list per file. It types every document, extracts borrower, income, asset, property and loan fields with page citations, compares them across the file, and lists every conflict and missing document with a severity and both sides of the evidence. The processor accepts, corrects or requests a document, then marks the file ready for the underwriter.
Every document typed; misclassifications corrected first.
Two values, two page links, one decision.
A document the file needs is flagged before underwriting asks.
The most consequential conflicts first.
Underwriters review the summary and the conditions that remain.
Who changed what, and when, in the audit trail.
Mortgage loan file reconciliation.
The fields compared across the file.
From exception list to a ready file.
No. It prepares a reconciled file; the underwriter decides.
The 1003 application, W-2s, pay stubs, bank statements, tax returns, title commitments, disclosures and others in the file.
Loan files can be uploaded directly; integrations with loan origination systems such as Encompass are in progress.
Processors, underwriters and operations managers at mortgage lenders, brokers and community banks.
Verified extraction versus reconciling the whole file.
Every document typed, every field cited.
The platform underneath CONCORD.
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