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Mortgage Processing Company

Mortgage Processor.com has been THE resource for professional mortgage loan processing services since 1996.  Put our EXTENSIVE processing experience to work for your company.

 

Put our 20+ years of mortgage processor experience to work for your company!


How can our mortgage processors help you? 

They Shorten closing cycles

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.  When we receive a loan, it is sent first to data input where the following is performed upon each new file within 24 hours:

  • The file is input into our computer system, and ratios are checked for submission.
  • All verifications are ordered and recorded.
  • Title work is ordered.
  • An appraisal is ordered if it has been authorized by the loan officer.
  • Condo certification are ordered.

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.  So, within 24 hours of receiving your file, 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.  Each file is then submitted to the lender, the file is tracked, and any pre-closing conditions are met before scheduling 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:

  • First, our mortgage processors pre-screen the mortgage file prior to submission to a lender to make sure that we have a good chance of getting the file accepted by the lender at the rate your borrower is looking for.  We have found that early intervention is the best way to head problems off.  If we see a problem we will contact you right away to get it resolved.  Our goal is to keep the loans moving so that your borrower does not have time to "find a better offer".
  • The second line of defense that we offer is a list of alternative lender contacts.  Many times when a mortgage loan is declined, or there are problems with a loan, an alternate lender is needed to step in and get the mortgage loan closed fast. 

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 payoffs and new income information as it arrives at our office.  A smoother process with each borrower helps you generate more referrals and more business.

Reduced broker overhead

Outsourcing your mortgage processing can help in many ways to reduce your office expenses:

  • You don't need as much support staff at your office.
  • You will save money on salary, insurance, workman's comp. etc.
  • You will use fewer office supplies.
  • Less office space.
  • No mortgage processor training, management, or advertising for new processors.  
  • If business slows down you don't need to pay for resources your not using.

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 in-house 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 fewer files for processing.  We are here to help, so get in contact with us so we can assist you with your goals.

 

Toll Free (866) 418-3472 
  
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