Services

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

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