WHAT OUR CONTRACT PROCESSORS DO

  • Collect and Validate the Accuracy of All Signed Disclosures including the 1003 Application
  • Collect & Review Borrower Docs (Paystubs, W2’s, 1040’s, Bank Statements, Pension Statements, Divorce Decree, Child Support, Mortgage Statements, Escrow Documents etc.)
  • Order all Third-Party Docs (Title, Appraisal, Payoff, VOE, VOM, Flood Cert, Homeowners Insurance, Credit Supplement etc.)
  • Order VA and FHA Case Numbers for Government Loans
  • Order and Review incoming IRS Transcripts
  • Review all Credit Documents including the Income, Assets, Credit Report and all supporting credit related documentation
  • Run the AUS (DU or LP)
  • Submit the file to the designated Lender for Underwriting
  • Review the Lender Decision for Accuracy
  • Clear Conditions
  • Review Locks
  • Receive CTC and Set Closing
  • Prepare Closing Docs

HOW OUTSOURCING YOUR LOAN PROCESSING HELPS

Consistent Closing Ratio

Inconsistent loan volume can make it difficult for brokers and lenders to consistently maintain their closing ratio and their profit margin.

Lower Cost

Hiring a full-time processor can be costly in addition to all other overhead expenses, especially during slow seasons.

Solution

Outsourcing makes it easier because we cover every step up to closing. You will spend less time managing and more time generating new loans.

Need Your Loans Closed Faster?

TAKE ACTION : 800-255-7142