Contract Processors: In today's mortgage business clients demands are always changing. Loans need to be processed in a timely and efficient manner. This is the only way to stay ahead of competition in this business. Are you providing the best possible service to your clients? Unlock the potential of your organization with increased profits by eliminating your overhead, utilize contract loan processing. As the cost of keeping an experienced loan processor rises, using it has become a way for Brokers to increase their loan processing output while eliminating their loan processing expenses. Express Processing specializes in contract loan processing with experienced contract processors. Our team of contract processors are here to help you with all your loan processing needs. Our contract processors order most of the verifications needed for loan processing upfront, so when the lender stips for them our contract processors already have them in the file. Our staff members have over 20 years of loan processing experience to offer with FHA, VA, Conventional and Sub Prime loans. Our contract processors are proficient with all the loan processing software used, the latest technology such as DU, LP, Encompass and CALYX Point to efficiently process your loans. How does contract loan processing work? Within 24 hours of receipt of your loan package, we will review the file for compliance and make sure the ratios are in-line for the loan program. Next, we will notify you of any required item via email and phone. The loan processors will also check the program to see what verifications they can order ahead of time. This is a part of loan processing that comes with experience. Our contract loan processors are only paid if the loan funds. This makes them highly motivated to close the deal as quickly as possible. By reviewing the file and seeing what loan processing stips maybe needed in advance, it helps us stay a step ahead. Our contract loan processors will order all third party documents upfront. Our Staff is highly experienced in loan processing and knows just by looking at the package what is going to be needed to complete the deal. For example, if it's a stated loan program, the contract loan processor knows that only a verbal verification of employment will be needed if the borrower is a wage earner. If it's a full-doc loan then the contract loan processor will know to order the full verification of employment with income upfront. This way, while the loan is being underwritten, the loan processors already have the loan processing stips in the works. Once underwriting is completed the contract loan processor will already have the verifications back and ready to submit for final loan approval along with any other loan processing stips the underwriter may ask for. Why Use a Contract Processor? Supporting an in-house loan processing staff is expensive! Eliminate overhead by not paying benefits, sick time, workman’s compensation. Eliminate salaries completely. Our contract loan processing fee is paid out of closing and we do not charge a cancellation fee. Thats one of the many benefits of contract loan processingthere is never a salary to pay so the loan processors are highly motivated to close the deals. Avoid the hassle of hiring, training and re-training new in-house loan processors Contract loan processing is your solution. We have the experience and knowledge to close your loans and shorten your closing cycles. Our Loan Processing Goal: At Express Processing we have designed our business around your business. Our goal is to develop long-term business partnerships through consistently providing excellent service to Brokers. We will work with you to develop the procedures necessary to get your deals into loan processingand not only processed, but processed promptly, accurately and professionally, the FIRST TIME. We look forward to the opportunity to work with you in the near future. Should you have any questions, comments or suggestions please contact us.