Why contract processing?

With the current market, a lot of companies are deciding to use contract processing instead of in-house processing.  This allows the company to change with the market, while still getting their files processed by a qualified individual.  In-house processing is an expense that is constant, while contract processing is an expense only when the file closes.  A company that can change with the market is a company that will be around for years to come.

What is contract processing?

A contract processor will take your file from the time that you meet with your clients, and will let you know what is needed to submit the file to the lender.  Once the file is approved with the lender you will be notified as to what other conditions are needed to take the file to docs and closing.  The contract processor will be in constant contact with both the lender and you to make sure that the process is as swift and smooth as possible.  This leaves you more time to do what you do best, and that is to originate loans.  You do not need to be worrying about the processing of your loans; you need to leave that to a professional processor.  You will find that you can close more loans, and take less time doing it by using a contract processor.