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.: What We Do :.
 WHAT WE DO:
- Order title & escrow w/the company of your choice
- Order payoff and subordination agreement (if necessary)
- Verify disclosures are accurate and complete
- Review credit report, bank statements, pay stubs & W-2's
- Submit loan package to lender
- Clear lender conditions
- Contact hazard insurance company for new mortgagee clause
- Prepare fee sheet for review by broker, then submit to lender
- Coordinate closing schedule
- Follow up to confirm closing was successful
- Assemble a Post Closing loan package and deliver to broker
- Keep the broker informed throughout the loan process
- Keep a backup of all Documents
What's Expected of you?
Loan officers are expected to fax or email the submission sheet
for the lender of choice, include all stips (ILP Checklist) and signed
disclosures/1003. We also require a name/number of the escrow company of
your choice.We're also going to need an copy of your Point/Encompass
file. |
| ASK ABOUT OUR CALIFORNIA LOAN SPECIALS! |
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How is our processing fee
paid?
Normally, the processing fee is a line item on the GFE and HUD-1. It is paid
directly to i-Loan Processing at closing. Therefore, there is no need for
you to increase your YSP or points to cover the cost of processing. |
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| Pricing: |
| Conventional/Subprime |
$595 |
| Seconds (80/20) |
$95 |
| Manual Entry into Point |
$95 / $149 (for 80/20 or 1st/2nd) |
| Overnight Submissions |
NO CHARGE! |
| Disclosures sent to Client |
NO CHARGE! (included w/Point ONLY) |
| Loans that don't close |
NO CHARGE! |
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