Best Mortgage Processor Companies
National Association of Mortgage Processors (NAMP)
1250 Connecticut Ave, NW – Suite 200 Washington, DC 20036
Services Offered: Mortgage Processor locator, resources, training and job searches
Company Overview: NAMP is one of the largest online resources for mortgage processors. By becoming a member of their group, you reap many rewards, including training classes, certification programs, and even downloadable library of documents and information. Their many years of service have been littered with many achievements and accomplishments.
Our Review: NAMP seems like a great place to check out when you’re looking for mortgage processors or mortgage processing jobs. They have training classes so you can keep up to speed on the mortgage industry, and they also offer tons of information and a job search. Although they won’t give you the job directly, they do a great job of providing you with the options. There could be more information about their background and history, but it’s not essential.
User Review: I signed up with NAMP a few years after I got my mortgage license. I love it, because I’ve gone through so many job changes due to my own personal illness, and every time they’ve come through to find the perfect job for me.
9251 S. Sand Hill Trail Highlands Ranch, CO 80126
Services Offered: Mortgage Processing
Company Overview: Mortgageprocessor.com was founded in 1996 to provide mortgage brokers with a fast and easy processing service. All the employees have extensive training and at least three years of experience in mortgage processing before they are allowed to work for this company. They have helped millions of brokers make their mortgage processing needs more efficient.
Our Review: This is a great place to find a mortgage processor, or even a mortgage processing job. They seem to be a well founded company. Their website leaves something to be desired, but their reviews and customer feedback make us think they’re definitely worth checking out.
User Review: I’ve been a broker for over ten years. I used to never leave the office because my old processing company had too many problems. Now I can take vacations whenever I want, because I know my loans are in safe, capable hands.
How To Select The Best Company For Mortgage Processor
If you are looking for a faster, cheaper, more efficient way to process your mortgage loans, finding the right mortgage processor is essential. Many companies are turning to online mortgage processing businesses to get faster, easier service. Another perk that these online processors offer is lower fees due to the lack of physical paperwork and physical communication. The internet is quickly becoming one of the most valuable resources in the mortgage market, and contract mortgage processors are no exception. Some companies do still use in-house processors, but this can be costly due to the overhead of a physical presence. By doing your loan processing via telephone and the internet, you can save a ton on mortgage processor fees. To find the right mortgage processor for you, you will first need to evaluate your needs. For example, do you need a processor that handles all types of loans, or only certain kinds? This will be substantial because some companies specialize in certain types of loans while other companies can do it all. Also, you will need to research the companies and educate yourself about their policies and their fees. Most mortgage processor companies give this information out on their website, but if you cannot find it, you can always e-mail or call them to see what they can do for you. You don’t want to choose a mortgage processor and later find out that they can’t help you, or that their fees are higher than you initially were told. So make sure that you state your needs clearly so that you don’t get hassled by the company. As long as the company is up front, and can offer you the services you need, the final decision will come down to a matter of personal preference. Ultimately, if three companies can provide you what you need for a reasonable fee, and you feel more comfortable with one company over the others, then you should use the one you feel most comfortable with. As long as you do a little research, finding the right mortgage processor doesn’t have to be a complicated task.