Processing and Document Management Software that is affordable and easy to use. Get your 30-day Free Trial today.
www.atlos.com




Gov't Insured Mortgage‡ Or No Cash Required For Closing Cost Options.
www.Countrywide.com
Automate your Loan Processing with Technology Resources 866.958.9996
www.LoanNowCRM.com
Live, Instructor-Led Classes. Loan Processing Training School.
www.MortgageProcessorTraining.org
Compare home mortgage loan rates & terms with MSN Money's free tools.
Money.MSN.com/Mortgages
Software to Help Banks Maximize Their Loan & Deposit Profitability
www.ProfitStars.com
Low Flat Rate. Pay for Closed Files Only. No Hidden Fees. 1 Loan Free!
www.UniqueMortgageProcessing.com
Brokers and bankers: Customize your software to fit your business
www.elliemae.com
Mortgage Loan Processing guides. Find Mortgage Loan Processing now.
jayde.com
Processing and Document Management Software that is affordable and easy to use. Get your 30-day Free Trial today.
www.atlos.com
An easy solution for those that need help with home equity loans. We provide lender and loan information services.
www.equity-home-loans.org
Provides mortgage processing services to brokers nationwide. 24/7 online status. Loan officer assigned his own processor. All loan types. Since 2002.
www.nationwideprocessing.com
Gov't Insured Mortgage‡ Or No Cash Required For Closing Cost Options.
www.Countrywide.com
Automate your Loan Processing with Technology Resources 866.958.9996
www.LoanNowCRM.com
Live, Instructor-Led Classes. Loan Processing Training School.
www.MortgageProcessorTraining.org
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Guide to Mortgage Loan Processors
Close more loans and save time by outsourcing your mortgage processing servicesBy outsourcing your mortgage contract loan processing to an outside mortgage processing company, you can save yourself both time and money. As you well know, good mortgage loan processors don’t come cheaply. By outsourcing, you’ll save yourself the salary and benefits of this position. In addition, by working with one of the mortgage processing companies in the market today, you’ll no longer have to spend time focusing on your processing needs and instead be able to focus on growing your brokerage.
When considering turning to one of the mortgage loan processing centers for your mortgage processing business, among the key points to consider are:
- The average closing time for a mortgage loan processing provider;
- The fee structure for their mortgage processing services;
- The experience of the company’s mortgage loan processors.
Action Steps
The best contacts and resources to help you get it done
Go with mortgage processing companies with fast, but reasonable, closing times
No one needs to tell you that you want to close your loans as quickly as possible. The faster the closing, the happier your customer is and the faster you receive your commission. It's important, though, to ensure that the mortgage processing company estimates a reasonable closing time. Nothing will make a deal sour faster than having to push back the closing; instead, use mortgage loan processing that's on time every time.
I recommend:
Power of 3 Processing Plus offers a variety of plans for mortgage processing services. In addition, its home page always lists their current turnaround times, so you know what to expect every time.
Pay only for loans that close, not those that fall through
Unfortunately, in this business, deals sometimes fall through. You shouldn't have to pay your mortgage loan processors for these deals; they're just part of doing business. So always make sure that the mortgage loan processing companies with whom you work understand this and do not charge you fees on these deals.
I recommend:
Nationwide Processing offers a wide variety of outsourced mortgage processing services and has a published fee structure that waives the costs for loans that don’t close.
Choose mortgage loan processors with experience
You know how this business works--it seems like every other day someone's friend or cousin is entering the mortgage business, trying to make it big. While it's admirable that they're just getting started, you need someone experienced working on your loans. Make sure that the mortgage processing company you choose has experienced processors who aren't just cutting their teeth on your loans.
I recommend:
Express-Processing is a mortgage processing company that specializes in providing experienced mortgage loan processors to help with your processing needs. MortageProcessor.com has been in the business for 12 years and offers a free trial - they will process one file for free.
Tips & Tactics
Helpful advice for making the most of this Guide- Whenever possible, choose a mortgage processing company that gives you access to your loans' status any time, day or night. This allows you to soothe your customers' worries immediately, rather than having to wait for a callback.
Processing and Document Management Software that is affordable and easy to use. Get your 30-day Free Trial today.



