Contract Processing
What’s it to ya?
Leveraging a third party processor allows you to focus on what you do best, bringing in more dough!
But, how?
We’ll take care of the nitty gritty details. Like working with the lender on your loan approval, collecting conditions, and closing!
Guess what? It gets even better…
We dont get paid unless you do. If the loan doesn’t close, no worries. We’ve got your back on the next one!
The Experts
Lauren Love
Co-Founder & Senior Processor
Lauren first dove into mortgages as a Loan Officer. She spent several years working in a fast paced retail environment, focusing primarily on refinances.
In 2019 she took a leap over to B2B sales as an Account Executive with Rocket Pro TPO. She became a knowledge expert on their portal, process, and products. Successfully helping wholesale and correspondent partners grow their businesses. Over her 5 years spent at TPO, she saw the struggles mortgage brokers have when it comes to finding reliable, knowledgeable , processors.
So.. here we are!
Outside of the 1003, she has three kids, adding patience, multitasking, and ultimate slime removal to her resume.
Brooke Witting
Senior Processor
Brooke has an extensive and diverse background in the mortgage industry. She spent her first five years as a banker at Rocket Mortgage, quickly climbing the totem and achieving the coveted Presidents Club title.
In 2020, she made the decision to nose-dive into the wholesale world and started processing and originating at a Michigan-based brokerage. She was quickly promoted to Process Manager and helped the Brokerage define their standards, expectations, roles, and internal processes for Operations team members. In addition to leading a Processing Team, Brooke piloted and helped establish many roles at the brokerage such as the closing role for correspondent loans, registration and submission teams, appraisal desk, and vendor analyst role.
Outside of mortgages, Brooke is passionate about traveling and spending time with her significant other and two doggos.
Maddie
Culture Ambassador
Don‘t let her fluffy exterior fool you- She‘s a professional at melting hearts & bringing smiles to faces, especially those in the high-stress world of mortgages.
Her human used to work at a fancy-schmancy brokerage, and guess what? She became their honorary employee, clocking in every day to provide top-notch emotional support to the hardworking folks in the mortgage industry. Yup, that's right—she‘s (almost) a certified Emotional Support Dog, and she takes her job very seriously.. most of the time.
Currently Operating In..
Lenders We Mesh Well With…
Looking for more? No Problem!
We’re always open to making new friends!
Please include the lender and Account Executive’s
contact info in your submission.
The Process
A
Registration to Funding
Loan Officer
- Obtains completed 1003 and credit report
- Alerts the processor that the loan is ready for import via Submission Form
Processor
- Imports and discloses file
- Obtains e-signed disclosures and initial submission documents to submit to lender
- Handles all vendor and client conditions in process
- Coordinates closing
- Obtain post close conditions, if needed
B
Submission to Funding
Loan Officer
- Obtains completed 1003 and credit report
- Imports and discloses file
- Assigns processor to file in lender portal
- Alerts processor that the loan is disclosed
Processor
- Obtains e-signed disclosures and initial submission documents to submit to lender
- Handles all vendor and client conditions in process
- Coordinates closing
- Obtain post close conditions, if needed
C
Conditional Approval to Funding
Loan Officer
- Obtains completed 1003 and credit report
- Imports and discloses file
- Obtains e-signed disclosures and initial submission documents
- Submits loan to lender for Conditional Approval
- Assigns processor to file in lender portal
- Alerts processor that the loan is submitted
Processor
- Handles all vendor and client conditions in process
- Coordinates closing
- Obtain post close conditions, if needed
Note: Processors will not make changes to broker compensation unless specifically requested , in writing, by Loan Officer.
Don’t just take our word for it...
Partner With Us, Seriously!
Phone
(313) 634-9036
LetsChat@precisionprocessingco.com
Social
Licensing: MI, FL,TX
NMLS #2583434