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.