Contract Mortgage Processing
From Intake to Clear to Close – We Handle Every Step.
Third-Party Contract Mortgage Processing Services for Brokers
Submitting Loans to Wholesale Lenders — Let Us Help You Streamline Your Workflow and Close Faster.
Leave the paperwork to Licensed Professionals.
Make your transaction smooth from start to finish.
Access Files 24/7
We utilize cloud based software to keep you in the loop from your mobile device or desktop. You may view the details of the transaction online 24/7.
Transaction Portal
Keep transactions on track with flexible workflow– set due dates and create reminders. Our secure portal allow you to easily manage your files from a central, secure location in the cloud.
Automated Document Collection
Automated reminders to all parties to the transaction. This helps to ensure you receive the information required from your client on time - no more delays.
Important Dates
Never miss a mission critical due date on any transaction. Automatically tracks your transaction’s vital due dates, syncs them with your favorite calendar system, and reminds you about upcoming tasks by email so nothing ever falls through the cracks
If the transaction cancels- No Charge.
We only get paid when you do! If the transaction fails, no payment or cancellation fee is due.
Connect with your processor in real-time.
Ditch the email clutter — streamline your team communication with organized chats, quick access to information, and seamless integration with your favorite tools.
Prefer email? No problem — we support that too.
LET US HANDLE THAT, SO YOU DON'T HAVE TO!
Our Contract Mortgage Processors go above and beyond to offer the highest standard of service in the industry.
We work with any wholesale lender.
For Contract Mortgage Processing, Utmost Docs will request separate credentials from your AE, to stay informed on all changes in your pipeline.
FREE Automated Income Calculation
Experience the Future of Mortgage Automation Today Income calculation and analysis automation software gives you accurate income estimates when it matters – when you talk to the borrower at the application stage.
Get instant, accurate income calculations for all your tricky tax returns, paystubs, and more. From FHA to Non-QM, Fannie Mae, and Freddie Mac – we’ve got every guideline covered so you don’t miss a thing.
- W2 & Paystubs
- Self-Employed Income
- Extra Income Sources
- 12- and 24-month bank statements
- Results in 30 minutes or less
- Aligned with industry guidelines
Intelligent Document Classification
- Fast & Efficient: Sorts and labels documents in minutes
- Accurate Tagging: AI-powered to handle complex document types
- Seamless Workflow: Keeps everything organized for faster loan processing
Documents Processing Milestones
The mortgage real-time pipeline processing status involves several key milestones, starting with loan application and pre-approval, followed by loan processing, underwriting, appraisal, conditional approval, and finally, closing and funding.
Why Contract Mortgage Processing Matters
Mortgage lenders, brokers, and financial institutions frequently engage contract mortgage processing companies to streamline their operations, reduce costs, and enhance efficiency in the loan origination and closing process. These companies specialize in handling the administrative, compliance, and technical tasks involved in preparing mortgage applications for underwriting and approval.
- Comprehensive Services: Contract processors can handle a wide range of tasks from loan origination through post-closing, including document collection and verification, credit checks, income and asset validation, appraisal and title review, underwriting support, compliance checks, and closing coordination.
- Expertise and Technology: Many outsourcing providers leverage advanced technologies like AI and machine learning to automate tasks, improve accuracy, and expedite the loan processing workflow. Invensis Technologies, for example, utilizes advanced mortgage processing tools like Encompass, Calyx Point, and Floify.
- Compliance and Risk Mitigation: Staying compliant with regulations like RESPA, TRID, and state laws is crucial in the mortgage industry. Contract processors often have dedicated teams and robust systems to ensure regulatory adherence and minimize risks associated with inaccurate or incomplete documentation.
- Scalability and Flexibility: Outsourcing allows lenders to adapt quickly to fluctuations in loan volume, expanding or reducing processing capacity as needed without the burden of hiring or laying off staff.
- Focus on Core Competencies: Delegating back-office tasks frees up in-house staff to focus on core activities like building client relationships, marketing, and strategic growth initiatives.
- Cost Savings: Outsourcing can significantly reduce operational costs associated with salaries, benefits, infrastructure, technology, and training.
- Faster Turnaround Times: Expertise, streamlined processes, and advanced technology contribute to quicker loan approvals and faster closings.
- Enhanced Customer Experience: Efficient processing and dedicated support can improve borrower satisfaction and loyalty.
- Access to Specialized Expertise: Outsourcing provides access to skilled professionals with deep industry knowledge and expertise in various aspects of loan processing.
- Improved Accuracy and Reduced Errors: Automated systems and rigorous quality checks minimize mistakes and ensure data integrity.
Frequently Asked Questions
Contract mortgage processing is a service where independent processors handle the back-end tasks of mortgage loans on behalf of mortgage brokers or lenders. This includes gathering documents, verifying information, ordering third-party services, and submitting files to underwriting.
We work with mortgage brokers, loan officers, and small to mid-sized mortgage companies who want to streamline their operations by outsourcing the processing of their loans.
By outsourcing your processing, you save time and overhead costs. It allows you to focus on sales and client relationships, while we handle the time-consuming administrative tasks to ensure a smooth and compliant loan file submission.
Yes, we comply with all state and federal regulations, including any licensing requirements for third-party processing services. Please contact us for specific licensing details in your state.
We take data security seriously. All client information is stored and transmitted using secure, encrypted platforms, and we adhere to strict compliance and privacy protocols to protect borrower data.
We handle a wide range of loan types, including:
Conventional
FHA
VA
USDA
Jumbo
Non-QM and more
