Contract Mortgage Processor:
Traditional Loan Processing for Lenders and Brokers - Includes all aspects of processing including the assembly of the file, including income, debt, asset & appraisal information and an approval from an AUS to be validated by the client. Hiring and retaining qualified in-house mortgage processors can be frustrating and time-consuming — taking time away from processing loans. The costs associated with supporting an in-house mortgage processing department can be very high. Whether your in-house mortgage loan processors need interim help during the busy times, or you require a full time outsourced contract mortgage processor department altogether, Lenders Solutions of AR can help. We can offer you the reputation and quality customer service you've come to expect. What We Do: Contract Loan Processing. We can process mortgage loans for lenders & brokers, and are geared for high volume. Our contract mortgage processors have processed and closed thousands of loans: Conventional, FHA, VA, Prime and Sub-Prime. With a minimum of 10-15 years industry experience, each contract mortgage processor is very seasoned and knowledgeable and offers personalized, competent service. Benefits of a Contract Mortgage Processor: Eliminate salaries — our fee is paid out of closing and we do not charge cancellation fees. Pay no additional recruiting or permanent employee expenses. Experience no downtime for employee training. Using contract mortgage processors requires no new equipment, supplies or desk space. How it Works: We assign you with one contract mortgage processor as your single point of contact. We act as your outsourced loan processing center, communicating via email, phone and fax. Our contract mortgage processor will manage all activities associated with a loan: submissions to underwriting, obtaining stips, clearing of conditions, appraisal and title/escrow follow up. As your contract mortgage processor, we will help to increase your closing ratio by freeing your time — so you can focus squarely on what you do best: SELL!