As Mortgage Processors we play a crucial role in the home loan process by ensuring everything is in order before the loan is approved and funded. Our job is to carefully review and organize all necessary documentation while working closely with Brokers, Loan Officers, Underwriters, Third Party Affiliates, and Borrowers.
- Gather & Verify Documents – Collect and review important documents like income statements, credit reports, tax returns, and bank statements to ensure accuracy.
- Prepare Loan Applications – Organize all paperwork required for underwriting and make sure the loan application meets lender guidelines.
- Ensure Compliance – Make sure all loan documents comply with federal and state regulations to avoid legal issues.
- Communicate with Borrowers – Act as a liaison between borrowers and lenders, answering questions and requesting additional information when needed.
- Coordinate with Underwriters – Work closely with underwriters, who assess risk and ultimately approve or deny the loan.
- Order Appraisals & Title Reports – Facilitate property appraisals and title searches to ensure the home’s value and ownership history align with the lender’s requirements.
- You and your borrowers will be anxiously waiting to hear about their loan’s approval status. It’s important to have a Processor who communicates effectively and transparently
- Your expertise is why your Borrowers & Referral Partners trust you. Your Processor understands the importance of efficient loan processing – lean on their expertise like others lean on yours.
- In a complex transaction like obtaining a mortgage loan, there is nothing worse than avoidable back-and-forth communication – that’s why it’s critical to have a Processor on your team who clearly outlines expectations from the start.
Legal
Government Disclosures
HUD/FHA: https://www.hud.gov/guidance
VA: http://www.benefits.va.gov/HOMELOANS/
USDA:
http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS
state licensing
FLORIDA
TENNESSEE
FLORIDA
Bridge Processing Group LLC NMLS: 2723891
NMLS: 2228397
Bureau of Registration
200 East Gaines Street
Tallahassee, FL 32399
850-410-9895
TEXAS
TENNESSEE
FLORIDA
Bridge Processing Group LLC NMLS: 2723891
NMLS: 2228397
Texas Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, TX 78705
877-276-5550
Figure: 7 TAC §56.200(c) TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A
Bridge Processing Group LLC NMLS: 2723891
NMLS: 2228397
Texas Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, TX 78705
877-276-5550
Figure: 7 TAC §56.200(c) TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML'S WEBSITE: SML.TEXAS.GOV
TENNESSEE
TENNESSEE
TENNESSEE
Mortgage License
License Number: _*coming soon
Tennessee Department of Financial Institutions
312 Rosa L. Parks Ave., 26th Floor
Nashville, TN 37243
615-253-6714