Nationwide Mortgage Processing performs contract mortgage processing services for mortgage brokers and lenders throughout the USA. Our team of mortgage processors are experienced in Conventional, Subprime, VA, FHA, and Loan Modification. We take pride in personalized service, attention to detail, and great communication.
Whether you are a large mortgage broker who needs overflow support during high-volume periods, or a small mortgage broker that wants to reduce or eliminate the expense of an in-house loan processor, we can help you get your loans to closing quickly.
Make a Smart Business Choice
As the cost of keeping good loan processors rises, outsourcing loan processing has become a way for mortgage brokers to stay competitive. Nationwide Processing will assist you by getting your loans closed quickly while avoiding the cost of a full-time mortgage processor. Our team of processors are experienced in Conventional, Subprime, VA and FHA loans.
More reasons for Outsourcing Loan 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
- Increase borrower satisfaction
- Keep current with HMDA reporting requirements
- Utilize a company designed around the workflow of processing
The Broker Will
- Take the loan application
- Collect signed disclosures
- Collect borrower docs
- Identify lender and program
NM Processing Will
- Order payoff and subordination agreement (if necessary)
- Verify disclosures are accurate and complete
- Review credit report, bank statements, pay stubs & W-2's
- Submit loan package to lender
- Clear lender conditions
- Contact hazard insurance company for new mortgagee clause
- Prepare fee sheet for review by broker, then submit to lender
- Coordinate closing schedule
- Follow up to confirm closing was successful
- Assemble a Post Closing loan package and deliver to broker
- Keep the broker informed throughout the loan process
Our staff or mortgage processors have been with us since late 2007. We have assembled a team of processors with experience and knowledge for all mortgage programs. In a tough market hire the best!
For information for contract Broker’s please call Todd at 619.847.6756