F.A.Q.
Frequently Asked Questions
Why would I use Contract loan processing over in house processing?
- Contract loan processing gives the broker or Lender flexibility. If there is an influx of volume, Priority Processing Mortgage Group will be there to help with the additional volume that in house processing cannot handle.
- We are only paid when the loan closes in most instances. If the loan never closes we generally will not be paid a fee. So those months where volume is down, you don’t have the overhead of the processing team salary and benefits.
- Most mortgage loan officers make the best use of their time, originating loans. Using a contract processing company like Priority Processing Mortgage Group reduces the time spent on tasks related to processing. This means more time is focused on their clients and generating new loans.
- Staying up to date with the latest training and processing guidelines can be costly and time consuming for employees. Using our contract loan processing services, will save you from those expenses. We stay up to date with all of the state guidelines and accredited educational programs to ensure our service are top notch.
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