We have extensive experience with every type of loan - Conventional, FHA, VA, and Reverse Mortgages. Our longevity has helped push our mortgage closings into the thousands, servicing hundreds of broker companies all over the U.S. This experience translates into smoother closings, higher closing ratios, and puts more money in your pocket every single month.
Fast, friendly service is our pledge to you. We avoid the easy route and never send your files out of the country for processing. Files are just too important to entrust to someone that can't be held accountable. We make YOUR BOTTOM LINE - OUR BOTTOM LINE so that we focus all our attention on getting your files closed as quickly as possible.
Fast, friendly service is our pledge to you. We avoid the easy route and never send your files out of the country for processing. Files are just too important to entrust to someone that can't be held accountable. We make YOUR BOTTOM LINE - OUR BOTTOM LINE so that we focus all our attention on getting your files closed as quickly as possible.
Services
Payoffs are ordered through the title company or by us depending on the title companies policy for your state.
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 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.
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 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.
How do you get paid when a loan closes?
The loan processor fee is placed on the HUD at closing.
Basically the same as an appraiser or survey company is paid.
Fees such as verification of employment fees through the "work number for everyone", HOA fees, and payoff fees are paid directly to us by the broker.
Will I need to sign a contract?
MortgageProcessor.com uses a standard "sub-contractor" agreement.
This easy to read agreement is designed to outline the procedures your loan processor will take with your files and the responsibilities of both parties.
The loan processor fee is placed on the HUD at closing.
Basically the same as an appraiser or survey company is paid.
Fees such as verification of employment fees through the "work number for everyone", HOA fees, and payoff fees are paid directly to us by the broker.
Will I need to sign a contract?
MortgageProcessor.com uses a standard "sub-contractor" agreement.
This easy to read agreement is designed to outline the procedures your loan processor will take with your files and the responsibilities of both parties.
MortgageProcessor.com uses a Rapid Processing System that was designed from the ground up by trained mortgage processors, & computer programmers.
These proprietary systems get loans into the mortgage process as quickly as possible.
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, including any questions that we may have regarding the file.
The missing items list is e-mailed to the loan officer for review.
These proprietary systems get loans into the mortgage process as quickly as possible.
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, including any questions that we may have regarding the file.
The missing items list is e-mailed to the loan officer for review.
Reverse mortgages are a rapidly growing part of the mortgage market.
Most reverse mortgages are federally insured and regulated through the Federal Housing Administration HECM Progam.
Couple this with a flood of new high profile advertising and you have a massive interest in this mortgage product.
As these products mature new ways and requirements are coming to light to help protect consumers through HUD counseling and other means.
Even with these requirements, reverse mortgages can be an immense addition to your lending portfolio.
Most reverse mortgages are federally insured and regulated through the Federal Housing Administration HECM Progam.
Couple this with a flood of new high profile advertising and you have a massive interest in this mortgage product.
As these products mature new ways and requirements are coming to light to help protect consumers through HUD counseling and other means.
Even with these requirements, reverse mortgages can be an immense addition to your lending portfolio.
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