Lydian Adds Post-Closing and QC Services

Boca Raton, Fla.-based Lydian Data Services, a provider of end-to-end outsourcing services for all aspects of the mortgage operation, is now offering post-closing quality control services to supplement the capabilities of InvestorExpress, its electronic loan delivery platform.With this combined service, Lydian Data Services is offering a solution that can extract data out of a loan origination system, move it seamlessly into post-closing and quality control services, and fulfill investor delivery on the back end as well, touted the company at the MBA Technology Show, Tampa, Fla. By integrating these services, Lydian Data Services offers lenders the ability to combat the challenge of low data and document integrity spawned by electronic loan delivery, which results in faster time to funding, and ultimately, in lowered costs for both sellers and investors. By implementing Lydian Data Services¹ post-closing and quality control validation prior to sending data to investors, then electronically transmitting both loan data and documents together as a complete loan file via InvestorExpress, lenders are able to provide investors with the assurance that the loan data has been validated against the documents. They can also assure investors that the loan was closed properly according to proper procedures and that any compliance issues were identified and corrected. Because of the standard review process that takes place with each loan prior to transmission, investors can eliminate a significant amount of time that they¹d normally allocate to cross-checking and validating the data and funding time can be accelerated to just a few days, said Lydian in a prepared statement. The company can be found on the Web at http://www.Lydian.com .