FAQ

We have compiled a list of the most frequently asked questions about our Baer Reed legal process outsourcing services. If you would like additional information on any of these topics or our services, contact us today.

What is Baer Reed?

Baer Reed is a boutique legal process outsourcer (“LPO”) specializing in document review and legal support services. It was founded by former attorneys from Gibson, Dunn & Crutcher and DLA Piper to address the need for lower-cost legal support services performed at U.S. standards.

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Operations & Mortgage Compliance

Our Services

At Baer Reed, our mortgage compliance and operational support experts provide a variety of services to our partners that build efficiencies and improve quality assurance. Loan processing requires that mortgage lender’s and mortgage broker’s sales, operations, and legal teams work together in order to satisfy the various loan and regulatory compliance requirements for closing loans successfully.

The Underwriting and operational teams work in a constantly evolving ecosystem where loan guidelines and federal, state, and local regulations continue to change. They need to stay abreast of these changes while reviewing numerous title, credit, appraisal, and other requirements in a timely manner. 

Baer Reed mortgage outsourcing solutions for compliance and underwriting support will help increase productivity, while improving accuracy and verifying compliance of loans being processed. Our services help alleviate the burden on operational teams, allowing them to focus on expediting loan processing while our legal experts simultaneously provide back-end support.

Baer Reed will assist your organization with staying compliant with various government loan programs, including the Federal National Mortgage Association (FNMA, “Fannie Mae”), U.S. Federal Housing Administration (FHA), and Federal Home Loan Mortgage Corporation (FHLMC, “Freddie Mac”), while helping your organization achieve cost savings and increased efficiency.

Legal Support Services:

Mortgage Compliance Support:

Compliance & Regulatory Document Review

Loan Disclosure Generation

Contract Analysis / Review

Forensic File Review

Due Diligence & Risk Assessment

Underwriting & Operations Support:

Loan Processing Support

Consumer Loan Review

Commercial Loan Review

Pre-Funding & Post-Closing Compliance QA

Fraud Detection Review

Mortgage Compliance Regulatory Services

The Code of Federal Regulations (CFR) is updated annually by amendments published in the Federal Register by official agency regulators. For most companies, these constant changes provide challenges to their operational compliance strategies. Mortgage originators all strive to operate more profitably while maintaining compliance within the regulatory landscape.

Baer Reed mortgage compliance services will support your organization to help ensure compliance with federal loan regulations, including the following:

  • Real Estate Settlement Procedures Act (RESPA)
  • Dodd–Frank Wall Street Reform and Consumer Protection Act
  • Truth in Lending Act (TILA)
  • Home Ownership and Equity Protection Act (HOEPA)
  • Homeowners Protection Act
  • Bank Secrecy Act (BSA), or Currency & Foreign Transactions Reporting Act
  • USA PATRIOT Act
  • Gramm-Leach Bliley Act (GLBA)
  • Fair Credit Reporting Act (FCRA)
  • Fair and Accurate Credit Transactions Act (FACTA)
  • Equal Credit Opportunity Act (ECOA)
  • Fair Housing Act

Learn more about our expert legal team.

LOAN DISCLOSURE GENERATION

Baer Reed will assist your organization in ensuring that the mortgage disclosures provided to the customer during the loan process are accurately generated, while also creating internal efficiencies during the pre-funding and closing process. These loan processing disclosures include:

  • Loan Estimate (LE)
  • Good Faith Estimate (GFE)
  • Truth-in-Lending Disclosure
  • Closing Disclosure
  • HUD-1 Settlement Statement
  • Notice of the Right to Rescind
  • Initial Escrow Statement
  • State Disclosure
  • Tax & Insurance Disclosure

Loan Guideline Quality Assurance (QA)

  • FHA (HUD) Guidelines
  • Fanny Mae Guidelines
  • Freddie Mac Guidelines
  • SONYMA Guidelines
  • USDA Rural Development Loan Guidelines
  • Other Conventional & Business Loan Guidelines

Need Mortgage Compliance or Operational Support Services? Contact Us

Need Mortgage Compliance or Operational Support Services?

Contact Us