We connect you to swift and competent
processing staff so that you can devote your full energy to
bringing in new loans. Our loan processors will provide the
following services to you:
the first 24 hours of receiving your new files the following
Each file is input into our processing system
from either a handwritten 1003, or electronic file.
All Verifications of Employment, Deposit,
Rent, and Mortgage are sent out.
We order all title work on your behalf.
We order the
appraisal on your behalf based on the preferred vendors you
want us to use. (on pre-approved files)
Payoffs are ordered through the title company
or by us depending on the title companies policy for your
Survey, condo certifications, and any other needed
documents are ordered at this time.
A status report showing all the work completed
on your file is generated and the e-mail and password is
sent to you so view your status online 24/7 with the Loan
We only ask a two things of you.
- Next, all items that were sent out are tracked and collected by your
processor who will verify and organize them to be sent to the
lender of your choice.
- Your processor will coordinate with you with any items that
are needed from the borrower to expedite the process of
getting your loan underwritten.
- We will create copy packages and send your loan to the
lender of your choice.
- We follow up with the underwriter and track the amount of
time your files are in underwriting so that they are not
sitting on a desk. (underwriting times may vary by
- Once we receive the approval from the lender we will fax a
copy to you for review to make sure the interest rate and
terms are acceptable.
- We will work with the all parties to collect
any conditions needed to move your file to closing.
- We will order hazard insurance, and coordinate with your
title company to set a date for closing.
- We submit a doc order request to the lender so that they can
draw docs for the title/escrow company.
- We coordinate with the title/escrow company to obtain a copy
of the settlement statement prior to closing for review by us
- And we follow up on any post closing conditions needed to
fund your loan.
- To lock the rate with the lender that you have chosen for
- Stay in contact with your borrower and help collect any missing
items that we have requested from the borrower that have not
come back in a timely fashion.
Pricing includes the above mentioned services, free 24/7 online status
reports, long distance, submission to the lender of your choice, and the
return of your electronic file after closing. Additional fees not
paid for through closing will be billed as follows:
- Standard Fees
- Overnight / copy fees to the first lender is included. $30 for submissions to
2nd and additional
lenders. (billed to broker)
- Verification of Employment fees, HOA, Subordinations, and Payoff
fees paid by Broker prior to services being performed for broker.
- Optional Fees
- Rush fee. Should a situation arise where a loan officer needs
to have a loan rushed to closing the broker or loan officer agrees to
pay a fee of $100 to devote additional resources to close the file
- Disclosure Mail Out. At loan officers discretion
MortgageProcessor.com will mail out disclosures to borrowers for a cost
of $35 per mail out plus the cost of overnight fees. This is an
optional service and shall be paid prior to service being performed
weather the file closes or not.
For more information see our processing
Our goal is to provide a service that will allow you to concentrate on
the sales aspects of your business and leave the paperwork to us.
Since 1996 we have had experience closing every type of loan. Put
tracking system and experience to work for you and we will make sure that your loans are always moving towards a
All our loan processors will work one on one with you to assure that you
always have a live person to talk to if you have a problem or question.
No more voice mail jail, no more getting the run around. Get ready for a breath of fresh air - our processors are friendly and
helpful people who care about your success. Call Loren
Parker today at
866-418-3472 (toll free) to find out how the best processing company in America
can help your business.