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We Offer Extensive, Industry-Wide Experience
in Retail
and
Wholesale Lending, With Full Service Contract Processing of
FHA, VA, FNMA, FHLMC
Conforming
and
Non-Conforming Loans, Niche and Subprime Included.LoanGetters
can Handle ALL of Your
Mortgage Processing Needs.
Contract
Processing is the
Mortgage Industry
Trend for Today and Beyond!
The Question is Not "Why
Outsource?" But Rather "Why Not?"
- Control your costs - have a processor "in" your office
without the costs.
- Avoid the expense and frustration of hiring, training, and re-training
in-house processor.
- Reduce your overhead by eliminating salaries, benefits, sick time,
vacation time and
workman's compensation.
- The processing fee can be passed on to the borrower at your discretion.
- Free up valuable office space - how much rental space are your processors
now
taking up in your office environment?
- Upon receipt of a new file, the Processor will review within 24-48
hours.
A needs list will be generated and forwarded to the originator
to review with the
borrower(s). Title, appraisal and payoffs are
ordered at this time if applicable.
- We will order all VOEs, VODs, VOMs, VORs and documentation required
from third parties.
- We will work with all parties involved to collect all needed items.
Once all needed items are received, the file will be submitted
to the lender of your choice.
- Once we receive an approval from the lender, we will convey any
needed conditions to
the originator and work to clear all conditions.
- Once the approval and appraisal are received, the insurance binder
will be requested.
- We will coordinate condition clearance and schedule closing.
- We will prepare the document order/fee sheet and fax to the Loan
Officer for approval.
Once approved, we will fax it to the lender.
- We request that a copy of the preliminary HUD be faxed to us prior
to closing
for verification of figures.
- We follow the closing through funding making
sure your loan package is accurate
and complete.
- The loan package is returned to the originator's office after funding.
- Loan Officers/Originators are responsible for choosing the program,
lender and locking the rate.
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