Third Party Mortgage Origination Management Complete Package

Start with the Wholesale Module...

Sourcing loans from mortgage brokers and other intermediaries requires its own plan. Wholesale Lenders need a guide to distribute to brokers and third party originators defining policies and procedures for conducting business. This program includes broker/correspondent approval, vendor management, pricing, loan file intake, underwriting submission, making and communicating decisions, closing and quality control.

Third Party Origination Policies and Procedures Elements

• Broker Approval Process
  
• Submission Process
  
• Underwriting Guidelines
  
• Closing Procedures
  
• Rate Lock Policies
  
• Rate Distribution Process
  
• Product Highlights
  
• Underwriting Guidelines
  
• Quality Control for Brokers
• Sample forms - fee sheets, registration forms, rate sheets, broker approval documents, loan approval notifications, underwriting reviews - included for customization.

... and add the Non-Origination Components of the Banker Package

Giving you the complete package of tools to manage your third party origination operation.

• Processing
  
• Underwriting
  
• Closing
  
• Branch Operations/HR
  
• ID Theft/Information Security
  
• Compliance

Also known as "Broker-Wholesale" business model, this package contains all of the policies and procedures necessary to establish and operate a business designed to source loans from mortgage brokers or correspondents.

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