STEP ONE Within the first 48 hours of receiving your new files the following is completed:
- Each file is verified in our processing system from your electronic 1003.
- All Verifications of Employment, Deposit, Rent, and Mortgage are sent out.
- We order all title work on your behalf.
- We order the appraisal on your behalf based on the preferred vendors you want us to use. (on pre-approved files)
- Any other needed documents are ordered at this time.
STEP TWO
- Next, all items that were sent out are tracked and collected by your processor who will verify and organize them to be sent to the lender of your choice.
- Your processor will coordinate with you with any items that are needed from the borrower to expedite the process of getting your loan underwritten.
- Payoffs are ordered through the title company or by us depending on the title companies policy for your state.
- We follow up with the underwriter and track the amount of time your files are in underwriting so that they are not sitting on a desk. (underwriting times may vary by lender)
- We will work with all parties to collect any conditions needed to move your file to closing.
- We will order hazard insurance, and coordinate with your title company to set a date for closing.
- We submit a doc order request to the lender so that they can draw docs for the title/escrow company.
- We coordinate with the title/escrow company to obtain a copy of the settlement statement prior to closing for review by us and you.
- And we follow up on any post-closing conditions needed to fund your loan.
We only ask two things of you.
- To lock the rate with the lender that you have chosen for the file.
- Stay in contact with your borrower and help collect any missing items.
Our goal is to provide a service that will allow you to focus on the sales aspects of your business and leave the paperwork to us.