How does the contract processor get paid?

As of now, we are paid directly on the HUD-1 at closing.  After Jan 1, 2010, our processing fee will be included in the total origination charges in block on the new 2010 GFE.  The title agent will be instructed to issue a check to us from closing from the the total origination charges.

How long does it take to close a loan?

The time it takes to move a loan from origination to closing depends on many factors.  How long will it take to obtain the appraisal, title commitment, signed purchase agreement, borrowers documentation, etc.  Our goal is to move a loan through our system as fast as possible to meet and exceed the expectations of all parties in the transaction.

If our origination volume increases, will you have the staff to handle it?

The biggest benefit of contract processing as they we can expand and contract with your business.  We will work closely with you to ensure that we are providing the highest level of service at all times.  As the need arises, we can build our staff quickly.

What makes you different than the other contract processing companies?

Our staff has a combined experience level in excess of 85 years in the mortgage lending industry.  We have the contacts and the resources to help you with loan scenarios and resolve issues on loans quickly.  Each one of our staff members has experience as a loan originator, therefore they understand the importance of the borrower/originator relationship as well as the realtor/originator relationship.  Our level of expertise is what makes the difference!

Where is your office?  Do you work at home?

Our office is located in Largo, Fl in a commercial building complex.  Our staff of loan processors work in a business environment everyday.  Even though our office hours are 9am-5pm, Monday through Friday, it is not unusual to find one of our staff in our office early in the morning or late in the evening!

What type of a contract do I have to sign?

We have a simple Processing Agreement that outlines that responsibilities of the loan originator and the loan processor.  We find that it is important to a written understanding of what each party will be responsible for during the process.