How can our mortgage processors help you?
We Shorten closing cycles
MortgageProcessor.com uses a Rapid Processing System that was designed from the ground up by trained mortgage processors, and a computer programmers. The purpose of the Rapid Processing System is to get loans into the mortgage process as quickly as possible. When we receive a loan, it is sent first to data input where the following is performed upon each new file within 24-48 hours:
Next the file is looked at by a trained mortgage processor who generates a missing items list of anything that may be missing from your file, or any questions that we may have regarding the file. The missing items list is then faxed, or e-mailed to the loan officer for review. So within 48 hours all time consuming pieces of the file have been ordered. Also, the loan officer has a record of what has been ordered for the file, and a personal note from the mortgage processor outlining any questions or missing items from the file. From this point your processor will track all pieces of the file to ensure that they are delivered to us on time, we will submit the file to the lender, meet any pre-closing conditions, and schedule the closing. Our tracking system, and experienced processors are the keys to helping get mortgage loans closed faster.
Increase the percentage of mortgage loans closed
Increasing the percentage of loans closing for brokers is a two fold process:
By providing better and faster service to your borrowers we help to increase borrower satisfaction. Our goal is to minimize problems by processing the loan as quickly as possible by being realistic about deadlines, and providing an accurate picture of closing costs and terms to loan officers. By providing accurate information to your loan officer to review with the borrowers prior to closing, we hope to minimize confusion that sometimes arises at closing. We do this by updating the good faith estimate with payoffs and new income information as it arrives at our office. An updated good faith estimate will be available to the loan officer prior to closing so that there are no last minute surprises If the loan officer takes advantage of this resource, your closings will go smoother, and you will have happier customers who should refer you new business.
Reduced broker overhead
Outsourcing your mortgage processing can help in many ways to reduce your office expenses:
As the cost of keeping good mortgage processor staff rises, and the need to keep a steady flow of loans closing, outsourcing has become a way for brokers to stay competitive. By structuring our business to assist you in getting loans closed as quick as possible, we have created a system that has helped many brokers and banks find profits that they had been losing through traditional mortgage processing systems. With us, you are assured of high quality, highly motivated mortgage processors without the expense of paying for dedicated staff. Count on us to grow with your needs, and to understand when times are slower and you have less files for processing. We are here to help, so get in contact with us so we can assist you with your goals.
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