No cost to the broker

Fee is added to LE/CD and paid at closing. No additional overhead for broker.

Fees for processors affiliated with the broker count in 3% QM, contract third party processing fees do not.

Adds an experienced professional without the additional cost of hiring and training.

Outsourcing any services can lessen the budget for manpower.

Using third-party mortgage processing companies will free up your time so that you can work on how to obtain business, take applications, talk on the phone, focus on your relationships with the borrowers, and anything else that makes you money.

Third-Party Processors do not get paid until the mortgage loan has been closed and funded. This is why most third-party processors will go above and beyond to make sure the file is complete, legible, and has no missing documents prior to submitting to underwriting.

​When the mortgage underwriter issues the conditional loan approval, the TPP will not waste any time in gathering the conditions so they can prepare to submit the file for a clear to close. The sooner the borrower closes on their home loan, the sooner the contract processing company gets paid.