Process Flow

Turn-Key Processing Will:

  • Review disclosures and credit package for  completeness and accuracy
  • Run DU/LP (if necessary for changes) and retrieve findings
  • Order appraisal and title work
  • Order Credit Supplement (if necessary)
  • Submit loan package to lender
  • Order payoffs and VOM’s
  • Contact the borrower to obtain additional documentation (if needed)
  • Order Hazard Insurance
  • Clear conditions and obtain Final Approval from Lender
  • Complete fee sheet and get approval by Broker
  • Coordinate closing
  • Coordinate loan status with Broker and all parties involved
  • Order closed loan package from Title company and send to Broker

Loan Status

  • We will send each Branch a pipeline report every 3 days to ensure you know the status of all of your loans.
  • A master report will be sent to your corporate office with a report for all branches.

Post Closing

  • We will instruct the Title, Escrow, or Attorney to send the Broker Commission checks to your office or as instructed by you.
  • After each loan has closed Turn-Key Processing will email or overnight the entire file including the closed package to your office to file for auditing purposes.

Benefits To You

  • As the cost of keeping experienced contract loan processors rises, outsourcing loan processing has become a way for mortgage brokers to stay competitive.
  • We will assist you by getting your loans closed quickly while avoiding the cost of a full-time mortgage processor.
  • Feel Stressed because you don’t have enough time to develop new business?
  • Spending too much time doing paperwork and following up on details?
  • Outsourcing your mortgage loan processing will free up your time where it is most valuable: Selling Loans!