We offer a flat-rate of $995 per loan, only due at closing.

Yes! We're open for business no matter if you're an individual MLO or a Brokerage looking for mortgage processing solution.

We're currently licensed to operate in Michigan & Florida, with more states coming soon.

Covering 78% of nationwide loan volume, we specialize in processing Conventional and FHA loans— including purchases, refinances, and home equity transactions— as well as Non-QM loans such as DSCR, Bank Statement, and P&L-based loans.

We adhere to the same standards as our brokers by complying with the SAFE Act, TILA, RESPA, FCRA, MLA, ECOA and all other federal and state regulations.

Here are some of the common regulations that third-party loan processing companies need to comply with:

1. Data Protection and Privacy Regulations: Companies handling personal and financial information are generally required to comply with data protection and privacy laws, such as the General Data Protection Regulation (GDPR) in the European Union or the California Consumer Privacy Act (CCPA) in the United States. These regulations often require obtaining proper consent, implementing security measures, and providing transparency in data handling practices.

2. Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulations: To prevent money laundering and financing of illegal activities, financial institutions and loan processing companies are usually required to implement AML and KYC measures. This includes verifying the identity of customers, monitoring transactions for suspicious activities, and reporting any suspicious transactions to the relevant authorities.

3. Consumer Protection Laws: Loan processing companies may be subject to consumer protection regulations aimed at ensuring fair and transparent practices. These laws may govern areas such as advertising, disclosure of terms and fees, fair lending practices, and dispute resolution processes.

4. Financial Licensing and Regulatory Requirements: Depending on the jurisdiction, third-party loan processing companies may need to obtain specific licenses or registrations to operate legally. They may be subject to oversight by financial regulatory bodies, such as banking authorities or consumer financial protection agencies. Compliance with capital requirements and maintaining appropriate financial records may also be necessary.

5. Fair Credit Reporting Act (FCRA): In the United States, loan processing companies that handle credit information are typically subject to the FCRA. This law regulates the collection, use, and disclosure of consumer credit information, including requirements for accurate reporting and dispute resolution. They must also ensure the proper handling and protection of borrowers' personal and financial data.

6. Electronic Transactions and E-Signature Laws: As loan processing often involves electronic transactions and digital documents, companies may need to comply with electronic transactions laws and regulations, including those governing electronic signatures and records.

7. Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act): The SAFE Act mandates loan processors to be registered or licensed through the Nationwide Multistate Licensing System and Registry (NMLS). They must meet specific education, testing, and background check requirements.

8. Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA): Loan processors must comply with TILA and RESPA regulations, which provide consumer protection measures in mortgage transactions. These regulations require accurate disclosure of loan terms, fees, and settlement costs to borrowers.

9. Michigan Mortgage Licensing Act (MLA): Loan processors in Michigan must comply with the MLA, which regulates the licensing, education, and conduct of mortgage professionals in the state. This act requires loan processors to be licensed through the Michigan Department of Insurance and Financial Services (DIFS).

10. Equal Credit Opportunity Act (ECOA): Loan processors must follow ECOA guidelines, which prohibit discrimination in lending based on factors such as race, religion, gender, or marital status. They must treat all loan applicants fairly and equally.