Special offer

Outsource processing!!! Brokers new best friend.

By
Mortgage and Lending with Southeastern Mortgage Processing, LLC.

Why should you use Outsource Processing?

Interviewing, hiring and retaining an in-house mortgage processors can be time-consuming for mortgage brokers taking valuable time away from originating new loans. The costs associated with having an in-house mortgage processing department can be very high. Whether you are a large mortgage broker who needs support during periods of high volume, or a small mortgage broker that wants to reduce or eliminate the unnecessary expenses of an in-house loan processor, outsourcing can help you get your loans to closing quickly leaving you to concentrate on generating new business.

More reasons for using Outsourcing Processing.

•·         Rely on a specialist with an in-depth knowledge of mortgage loan processing

•·         Employ a "work smarter, not harder" strategy

•·         Shorten closing cycles and get paid sooner

•·         Increase the number of loans closed

•·         Avoid advertising, hiring and training mortgage processing staff

•·         Decrease office space and equipment needed

•·         Increase borrower satisfaction by using a company dedicated to processing the loan

•·         Keep current with HMDA reporting requirements

•·         Utilize a company solely designed around the processing of mortgage loans

 

Fees are added to the HUD I as the processing charge and invoiced to the Title Company. This relieves the broker of payroll responsibilities that consume both time and energy.

Best of all, if a loan does not fund for any reason, you pay nothing.

 

Comments (1)

Colleen Couture
Clear to Close, Inc. - Douglas, MA

Hey Chad:

I own an outsourced processing company as well.  are you working only with brokers/lenders in FL or all over?

Jun 12, 2008 02:28 PM