Resources & Benefits

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Our Top-Quality Process

  1. Your Loan Package Is Received & Assigned To Your Processor
    Processor will contact you within 24 hours once it hits their pipeline
     

  2. The Loan Package Is Reviewed For Completeness
    All loan documents are analyzed by a seasoned & common-sensed processor.
     

  3. Appropriate Documentation Is Obtained
    NMP Processors will contact the borrower to request and review documents
    with the borrower.
    Your processor will ensure there will always be clarity as to what documents are
    needed, along with the full understanding of why.
     

  4. Your Appraisal Is Requested
    ​Collateral will be reviewed within 24 hours of receipt.
    Corrections and/or communication needs will happen same day after appraisal
    is received.
     

  5. All Documents Are Transferred To Underwriting
    Credit, Income, Assets, Collateral, and other pertinent documentation will be
    reviewed thoroughly to ensure that any red flags are addressed before the loan
    package is received by underwriting.
     

  6. Your Mortgage Loan Approval Is Received!
    All parties will receive the "We Are Clear to Close" notification.
     

  7. We Receive The Green Light To Close Escrow
    LET’S CLOSE!!!
     

  8. Mortgage Processes Closes & You Are Funded
    Celebration Time!!

Open and constant communication is key for National Mortgage Processing. Everyone involved in the transaction will be informed at each milestone. Your processor will ensure there will always be clarity as to what documents are needed, along with the full understanding of why. Our in-depth review of your loan file will ensure a smooth and
seamless flow to the closing table.

Frequently Asked Questions

*Why outsource your processing to National Mortgage Processing?
 

  • Loan processing is our primary business.

  • National Morgage Processing is designed around the workflow of processing, not sales.

  • We will never solicit your clients.

  • You will avoid the expenses, frustration of hiring, training, firing, re-training in-house processors.

  • You will reduce your overhead by eliminating salaries, benefits, sick time, vacation time, worker's comp, etc.

  • You will free up expensive office space for marketing and originating.

  • You will find contract loan processing helps to dramatically streamline your business.

*What is the loan originator responsible for?
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  • Selecting the lender, loan program, running a credit report (tri-merge), and locking the rate.

  • Submitting a complete and signed application and certain documents already obtained to NMP

  • Being there if any huge fires arise that NMP can't control 

  • Go generate more business

*How do I e-mail my 1003 or 3.2 files to you?

 

If you use Microsoft Outlook:
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  • From the File menu in any Prospect or Borrower file, click on E-Mail.

  • Select Point Data File.

  • Enter a password to encrypt the file.

  • Select "Send To".

  • Input email address - "setup@nmprocessing.com" for Residential or                                                         "submissions@nmprocessing.com" for Commercial Lending

  • Enter the borrower's last name in the Subject line.

  • Add any additional message that you may wish to include.

  • Then just click the "Send" button.

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If you use a web-based e-mail (Yahoo, Gmail, Hotmail, etc.):
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  • Open your email account and go to the area where you create a new email message.

  • Locate the "Attach A File" button (or something similar).

  • Search for the file you wish to attach. It should be located in this directory on your computer: C:/pntdata/borrower/

  • Click on the file to attach it to your email.

  • Send to "setup@nmprocessing.com" for Residential or "submissions@nmprocessing.com" for Commercial Lending

  • Enter the borrower's last name in the Subject line.

  • Add any additional message that you may need to include.

  • Then just click the "Send" button.

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Feel free to contact us to go over the procedure if you're unsure of the process.

*What is your turn time?

 

  • Normally a file is reviewed within 24 hours of receiving it. Extended review times should be taken into consideration if loan volumes peak, files are incomplete the when we receive them, lack of
    communication from the broker or borrowers, etc. Therefore, submitting a complete file and ensuring all parties are communicating effectively will guarantee a quick turn time.

*How will your staff represent themselves?

 

  • All correspondence from us will indicate that we are the
    processing center for "Your" Mortgage Co..

*What are your fees?

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  • We have a flat fee of $800 for Residential Loans

*How do I get a final package back after the loan closes?

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  • Once a file is closed, we provide you with a secure link to an electronic copy of the final package for your records.

*What about compliance?

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  • Ultimately, compliance is the broker's responsibility. However, we will assist you to help make sure all issues are covered.

*How do I get started with National Mortgage Processing?

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