Mortgage Loan Processing & Outsourcing Services

  Many mortgage lending companies are seeking to differentiate themselves from competitors by outsourcing certain aspects of the mortgage process. Contract mortgage processing companies offer highly experienced loan processors and underwriters. These companies can provide quality work from loan setup through closing. Outsourcing the mortgage process is a convenient, cost-effective and results-oriented solution. It allows lenders to focus on their core competencies. Outsourcing can provide innovation, efficiency and consistency, thereby improving their competitive advantage. The National Association of Mortgage Processors is a virtual community that provides a number of benefits for its members. These include mortgage underwriting and loan processing classes, contract mortgage processing online seminars, job boards, and professional development certification programs. Fannie Mae has recently announced changes to their Seller Guides. Those who sell mortgage loans to Fannie

  The role of a mortgage processor involves collecting and verifying client financial data and submitting it to the underwriter. Once approved, the processor organizes the loan documentation for the underwriter, and clarifies discrepancies, and requests additional information to support the documentation. During this process, the mortgage processor makes a final check of the filed documents. These professionals also help to identify current financial obligations and determine whether an applicant is comfortable taking on new debt. As a mortgage processor, you will manage and process loan applications, coordinate with internal and external departments, and create closing packages. You will also be responsible for coordinating with borrowers and managing a pipeline of up to 40 loan files. You'll need to be able to multi-task and have strong interpersonal skills. You'll also be working with a team of employees, and working with lenders and other organizations to impr