Efficiency and Service are at our CORE.
What WE Do
CORE Mortgage Processing Group is a third-party contract processing team dedicated to helping Lenders, Brokers and Loan Originators get your loans closed quickly and efficiently while providing excellent service to your borrowers.
For details regarding our process:
For details regarding Loan Officer Responsibilities:
Why Choose Us
With the ever-changing landscape of the mortgage industry, there are many benefits to choosing a contract mortgage loan processor.
Save Time
We eliminate operational tasks from your day allowing you to build referral relationships and originate new business. We are trained, experienced, and licensed.
Flexibilty
You can use us exclusively or only as needed based on your pipeline. Because we are remote, we can accomodate multiple time zones and work outside of normal business hours when necessary.
Save Money
We have our own computer, phone, email, and office space. We don't require employee benefits like health insurance or payroll taxes. We are paid per file closed, so there is no hourly wage to maintain during slower times.
Focus
We are soley focused on processing so you can focus on growing your business.
We take your file from disclosures to funding which allows you more time to focus on what you do best - build your business.
Highly Motivated
We get paid per file so we are driven to be efficient. We don't get paid unless the loan closes so we will go above and beyond to make sure the file is cleared to close as quickly as possible.
Communication
We provide each MLO/Broker with an up-to-date status of their pipeline and can tailor our communication with involved parties to meet the your specific preferences.
Pricing
Conventional
$995
1 Submission
1 Borrower
or 2 Married Borrowers
$995
1 Submission
1 Borrower
or 2 Married Borrowers
FHA/VA/USDA
$995
1 Submission
1 Borrower
or 2 Married Borrowers
Jumbo/NonQM
Add-ons
Misc Fees
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Courier/postage/overnight delivery fees if applicable.
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Any charges to CMPG for borrower verifications, etc, including non toll-free telephone charges and service fees (i.e. The Work Number, telephone charges for VOD’s, etc).
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Additional fees for work done beyond the terms of the Agreement may be negotiated on a case-by-case basis.
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CMPG will provide a detailed invoice to document all fees and expenses incurred per file.
FAQ
How do I get started with CMPG?
Simply complete the Get Started form and we will get in touch with you. We currently only use Arive. To use our services, you will need to assign us the loan through your Arive LOS. See Instructions HERE.
Once digital access has been established, we can get started as soon as your files arrive to us.
How do you communicate?
Clear communication and documentation is key to a successful partnership. We utilize Google Chat and email as the primary form of communication on all files so there is no misinterpretation of verbal requests or text messages, however, we can tailor our methods to your preferences as necessary.
How does CMPG get paid?
Our processing fee is disclosed in Section B of the LE/CD as a non-affiliated Third Party Processor, and we send an invoice to escrow/title to be paid at closing similar to any other 3rd party charge.
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I'm a Loan Officer. Can I work with you directly?
Yes! We work with broker offices as well as individual loan officers. We currently only use Arive, but are happy to install other LOS systems as needed. To use our services, you will need to assign us the loan through your Arive LOS. See Instructions HERE
Where are you licensed?
Oklahoma, Texas and Florida. We are happy to get licensed in your state of choice.
What is your turn time?
Normally a file is reviewed within 24 hours of receiving it and disclosed within 48 hours (if applicable). As you know, the processing time for a file depends on a number of factors, including the type of loan, how complete the file is when submitted to us, how quick the title companies and appraisers are, how cooperative your borrowers are, etc. Considering this, it is in everyone’s best interest for us to complete the process as quickly as possible.
When I joined the mortgage industry, I understood how to build a referral-based business through leveraging systems. What I LOVE about working with Angela is that she leverages systems to make my life easier as a Loan Officer. Her tenacious attention to detail and commitment to a top-notch customer experience has helped propel my business to levels I never thought were possible by allowing me to remain focused on the areas of business no one else can do. While it's true that she is an amazing processor, she is an even better person and I am so thankful for her partnership with Wheatland Mortgage.
- Travis, Mortgage Broker