We are a contract mortgage loan processing company that works side by side with mortgage lenders, mortgage brokers, banks and credit unions to help them close more mortgage loans while reducing their overhead in house expenses.
LENDERS
If you are overwhelmed with a huge pipeline and need help managing and meeting closings deadlines, let us help you to provide exceptional customer service!
BROKERS
Want to cut the cost of hiring an in-house full-time processor? Find out how our services are designed to help you grow and increase your profit margins.
AREAS OF EXPERTISE
If you need us for all your processing or to just handle your overflows during high-volume periods, Procmyloan Inc. is just a phone call away. We would like to work with you, to help you close more loans so that we can retain a long-lasting business relationship.
LOAN TYPES
Conventional, FHA, VA, NON QM
We process Fannie Mae and Freddie Mac loans, from loan types conforming or non-conforming, Convention, FHA or VA.
Product Segment
Fixed Rate, ARM
Whether it be a Fixed Rate or an Adjustable Rate Mortgage, we are experts in what we do. No loan is too complicated to process.
Refinance
Cash Out, HARP 2.0, DU Refi Plus
We are knowledgeable about Refinancing loans. We get them in and out as they are processed much faster than any other typical loan.
OUR SUCCESS DEPENDS ON OUR SERVICE TO YOU!
CONTACT US FOR PRICING
Call Us Now : 800-255-7142
WHY CHOOSE PROCMYLOAN?
Our contract processors assist mortgage lenders and brokers who are reluctant to pay for a full-time Loan Processor. Along with the constant changes in the loan products and programs, loan processing can also be very tedious, labor-intensive and is known to be the most critical task in the mortgage industry. Due to the intensity and complexity of this role, it can take the focus away from loan originating but by outsourcing your loans to us, we can assist you in streamlining your business processes to increase internal productivity and efficiency, reduce processing costs by meeting your goals closing more loans.
We provide you with a custom-fit business solution to help you focus more on originating more loans while staying compliant. We process the entire loan application package, submit to the lender, communicate with borrowers, third-party vendors and closers in every step of the process from beginning to end.
Our processors are recruited and trained extensively to support a variety of originating and loan processing services. Our services allow our clients to focus on their core competencies by leveraging our loan processing experience and resources. Our primary focus is for lenders and brokers to focus on building client relationships, increase their pipelines or company’s growth while we do all the heavy lifting for them.
Let us help you reach your goals,
while we close more loans!
Learn how we can drive your company’s growth.
Benefits of outsourcing
Your loan processing
- Elimination of the Cost of Hiring Full-Time Processors
- Having Trained Processors with Accumulative Knowledge
- A Plan B for Emergencies
- Loans are Closed Faster and with Increased Efficiency
- More Time to Focus on Your Core Business
- An Uncompromised Level of Customer Satisfaction
- Loans are Compliant with Industry Regulations
- Reduction your Overheads and Tax Liability
THIRD PARTY LOAN processing
Our third party loan processing service can assist lenders and brokers to streamline their business where they are more focused on building their customer relationships and their pipelines. We can provide you with a custom-fit business solution to help you to close your loans in complete compliance and regulations. We process the loan in its entirety or whichever way you see fit. Whether you have your loan opener or not, we communicate with all parties including borrowers, underwriters, third-party vendors, closers in every step of the way.
Mortgage Loan Processing Services
Loan Processing Outsourcing
WHAT OUR CONTRACT PROCESSORS DO
- Collect and validate the accuracy of all signed disclosures including the uniform residential application
- Collect and review all the supporting documents provided by the borrower for any reg flags that may cause the loan to be denied
- We request all third-party documents such as title, appraisal, payoffs, verification of rent, mortgage, homeowners insurance, credit supplement and condo questionnaires
- We then run the loans through our desktop underwriting system to ensure that the loan meets lending guidelines
- The loan is then package and submitted to lender for a loan decision
- Loan status emails are then sent out to borrowers and loan originators to inform them of the loan progress. This is done throughout the process of the loan
- Once the loan the underwriter has made a decision, provided that the loan is conditionally approve, we gather all the missing items and review for accuracy and red flags
- Loan is then lock and disclose to borrower
- Loan is then the prepared and sent back to underwriter for final decision
- We then prepare loan for closing and clear any post closing conditions if required
HOW OUTSOURCING YOUR LOAN PROCESSING HELPS
Consistent Closing Ratio
Inconsistent loan volume can make it difficult for brokers and lenders to consistently maintain their closing ratio and their profit margin.
Lower Cost
Hiring a full-time processor can be costly in addition to all other overhead expenses, especially during slow seasons.
Solution
Outsourcing makes it easier because we cover every step up to closing. You will spend less time managing and more time generating new loans.
OUR PRICING
If you need us for all your contract mortgage loan processing services or to just handle your overflows, Procmyloan is just a phone call away. We take the mortgage loan from origination to closing. We are brokers and lenders best friend.
Need Your Loans Closed Faster?
TAKE ACTION : 800-255-7142
LOAN PROCESS MADE EASY
“Follow These Simple Tips and Guide”