Services
What we Do
OUR COMMITMENT
PROCESSING SERVICES INCLUDE:
- Prepare and issue initial broker and lender specific disclosures in compliance with CFPB, RESPA, BRE and/or HUD/VA regulations
- Receive, review & calculate all documentation for submission to Lender
- Run DU/LP on active files ready for submission (LO responsible for prequals)
- Complete full, organized submission to Lender
- Order appraisal (unless LO prefers to)
- Review approval for accuracy and formally request conditions from borrower
- Work all other approval conditions (escrow/title/agents/3rd parties, ect)
- Welcome call to borrower to ensure approval email received
- Followup, receive, review and submit all conditions for signoff
- Order docs and advise LO/borrower of any estimated funds needed to close and what bank account should be used
- Issue compliant final broker disclosures
- Request, receive, review and submit all prior to funding conditions & see loan through funding
- Post close QC review to ensure compliance with the CFPB, BRE, HUD or VA requirements
- Send closed file to broker via email, dropbox or scanned to disk (Broker’s choice)
- Issue broker weekly pipeline reports every Monday
PARTNERSHIP
LOAN OFFICER RESPONSIBILITIES INCLUDE
- Ensuring the loan fits all lender guidelines prior to submission to processing
- Ordering and reviewing initial credit report
- All discussions with the borrower regarding the loan terms and follow up on getting the disclosures and needs list back to us (processing will take over all communication after that)
- Locks, re-locks and extensions
- Provide processing with our completed In-Take form, Point or FNMA file, credit report (and purchase contract if applicable)
- Advise processing when to order the appraisal and LO is responsible for all appraisal rebuttals/reconsideration of value requests
- Pre-quals
- We process both Refinance and Purchase - FHA, VA, USDA or Reverse Mortgage Loans
