We are confident that you
will find our procedures the most convenient available to you. Precise
Mortgage Processing, Inc. will do as much or as little with your files as
you decide, putting emphasis on the fact that
you have control over your
files. Below are simple instructions on how this works:
What You Will Do:
-
Originate the Loan
-
Pick your lender and
lock your loan when ready
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Submit the file to
us!! Complete our Loan Submission Form and send that along with your
Point File and any other documentation you have up to this point to
Precise. Please note that submissions received after
3pm EST will not be assigned and
reviewed until the following business day. To ensure same day
processing, please submit your files before 3pm EST.
-
***Please note that we will
now require a Prequalification/AUS Findings on every loan that has
borrowers with a credit score of 600 or under.***
What
We Will Do:
-
Generate & ship
disclosures to the borrower if not done so by you.
-
Review file for any
missing disclosures or supporting documentation.
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Collect and review
up-front supporting documentation from the borrower.
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Order Appraisal, Title
Work, and any other Inspections required. Daily follow-ups will be
conducted to ensure timely receipt.
-
Order Verifications,
Pay-off's, and Homeowners Insurance.
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Package up and submit
file to appropriate Lender.
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Collect and clear all
lender conditions.
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Prepare Fee Sheet or
Closing Request and submit to Lender (with broker approval).
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Coordinate closing
with all parties involved.
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Prepare a Post Closing
package, if required and ship to appropriate parties.
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Keep you and your
borrowers informed throughout the entire loan process. (Upon your
request, Precise will not contact the borrowers)
We GUARANTEE closing on or
before the contract or commitment expiration date (providing all Clients
Conditions are received within a reasonable time frame). We know that each
loan closing is of your utmost importance, so we want to make it ours too!
Precise Mortgage
Processing, Inc. offers Contract Underwriting Services! Please visit the
Contract Underwriting Page for more information.
To get
started, simply visit our Getting Started page and you will find the
Agreement, Submission Form, and a New Client Profile. Fax these over to us
and send us a loan! That simple!