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| Why
outsource processing? More time to write business. Cuts down on loan officers processing their own files and adds years of experience to your office. Enables you to accelerate your turnaround time on loans, thus closing loans more expeditiously and receiving your commissions sooner. If you are frustrated with re-training loan processors, paying for salaries, benefits, sick time, vacation and workman’s compensation, contract processing with VAAM Virtual Processing is your best choice. Will VVP contact my borrower? We work with loan officer to expedite the loan process. Many times this means contact with the borrower. We want to work in a manner that mirrors your business practices. Contact with a processor often gives a borrower a sense of comfort about their loan process and allow them to ask questions. Will VVP order credit reports? We ask that you provide a tri-merge in-file credit report with the file upon submission the loan to us. If there are any credit lines which need updates or correction, we will work with your credit company to obtain the necessary information. Can we use our own appraisers? We will order appraisals from people you already have established working relationships with. If you need a recommendation, we have worked with excellent appraisers in the industry and would be happy to provide you with names and phone numbers. Is VVP a broker? Yes, We are supervised by broker and our contract loan processing meets DRE guidelines. What is the average processing time? The average turnaround time on a file is 14 business days with the use of alternative documentation. Most delays occur with the tile and appraisal or the borrower’s inability to forward information in a timely manner. The loan officer will be notified immediately if any delay is expected. What makes VVP different from the competition? One of the biggest challenges mortgage brokers currently face is finding processors with knowledge, integrity and excellent customer service skills. VVP is a contract processing company which meets this criteria. We specialize in conventional financing and have excellent skills with loan products as well. W have 15 years of experience to offer in mortgage banking as well as…Integrity, values, trust.
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