Top Questions Asked by New Broker Clients about our mortgage
processing referral service.
- Will I need to sign a
contract? LoanAssist.com, LLC uses a standard
"sub-contractor" agreement. This easy to read agreement is designed to
outline our procedures, and the expectations of both parties.
Contract Processing Agreement
- How do you get paid when
a loan closes? LoanAssist.com, LLC fee is placed on the HUD at
closing. Basically the same as an appraiser or survey company is
paid. For loans that do not close, or rescind we will bill you on
a net 15 basis for payment.
- Will you contact my
borrower? Your processor will contact your borrower for small
items such as insurance agent names. However as a rule we feel that the borrower
is best served by working with their loan officer. For this
reason any items missing from the borrower will be placed on our
status sheet and sent to the loan officer to retrieve from the
borrower. This way the loan moves faster to closing and the
borrower can communicate with their loan officer with any questions
they have about the loan process.
- How
long have you been in business? LoanAssist.com has
been in business for over 5 years with a recent name change from
Parker and Associates to LoanAssist.com to give more attention to our
web presence. You can also locate us on the web at www.MortgageProcessor.com
- How can your company help
my company to grow? With many years experience as a
national processing company we can assist you in many ways. We
have helped many small companies to grow, and helped many large
companies to move to their full profit potential. Now with even
more services being offered we are assisting clients from finding
borrowers to post sale services. We look forward to assisting
you.
- What is your average
closing cycle? Currently our average closing cycle is 13 business days
for "A" loans and slightly less for clean "B-C" mortgages.
- What makes you
different/better than your competition? There seems to be
no shortage of new processing companies, and there is plenty of need for good processors
in today's booming mortgage industry. LoanAssist.com, LLC goal is to fulfill our
brokers needs as they would fulfill them within their own company. "Our brokers
real need is not just to get their paperwork done - but to have the freedom
to thrive and grow." For this reason we are now
connecting mortgage brokers directly with trained processors who can
best fit their immediate needs and geographical location.
- What if I don't like
the processor I'm referred to? If you are not happy with
your processor, you can ask for a replacement at any
time. Our goal is to help you find a processor that you will
feel comfortable with and one that can assist you with your overall
company goals. It's highly unlikely that you will have problems
with any of our processing staff as they are all prescreened for you
and will work hard to earn your trust and future business.
- How do I know you will be
around a month from now? LoanAssist.com, LLC has been in business
since June of 1995. We doubled in size 4 times in our first two years with no
advertisement at all. A national magazine has now done article on our
company (when we were under the name Parker and Associates),
and we have been called "the fastest growing mortgage processing company in
the United States". With a new web page designed to help our brokers be more
competitive, and a virtually untapped market, we are very excited about our
prospects. We hope that we can have the opportunity to show you what we can do for
your company.
- I'm
worried about sending my files out of state We are here to help you grow your
business. The only way we can accomplish that goal is to make
sure that is through a trusting relationship with our customers, and
through effective, swift processing. There are no minimums or
time periods with our company. Send us some files and let us
show you how we have helped so many companies close more loans and
increase profits.
Call us toll free at 1-866-418-3472
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