Priority Processing
Financial Services - Antioch, California, United States
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Priority Processing is a completely web-based contract processing service provider. We harness the power of the internet to create a more streamlined, efficient way to transact business between you, and our processors. Our web-based technology allows for true collaboration on all loan files, giving all parties involved anywhere, anytime access to all pertinent loan information directly from a computer. We maintain a completely paperless loan file, that can be accessed by you any time, through our secure website. All updates in our website, to the loan status, comment log, and any new document uploads are automatically sent to your email address. Even when you are on the road, you are always up to date on your loans. By turning over these tasks to a qualified processor, brokers free up time to seek new clients and to grow their business. Outsourced loan-processing also can help reduce salary costs, streamline daily operations and reduce a mortgage company's rent by eliminating the need for extra space. The benefits of outsourced processing begin with the elimination of guaranteed base salaries. A full-time experienced processor can command around $40,000 per year plus benefits and bonuses. In a good month, that person might process 25 loans. In a slow month, however, that could slip to five loans. While the processor's bonus may change because of this, the base salary and benefits will not. To compensate for market and business fluctuations, brokers can outsource their processing and pay on an as-needed basis. Doing so can save thousands of dollars annually. With us, you only pay on processed loans that fund. Even for brokers who employ in-house processors, having outsourced processors on standby can help during times of increased business. When in-house processors reach their capacity, brokers should have an option for any additional applications. At Priority Processing, you are always #1!
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