The 1Processing Solution
for Loan Officers
 What is 1Processing?
We process mortgage loan files for mortgage brokers / loan officers; we underwrite loans for lenders; and we perform loan securitization due diligence for secondary market investors.
 Why use 1Processing?
Automated Ordering, Rules Based Compliance, & Loan Program Alignment With Secondary Market Investor  Requirements
Have your loan be processed, underwritten, or receive its due diligence review – all in one simple step – and with a trusted and certified process. And these tasks are faster and less expensive. That is what 1Processing can do for you.
1Processing has automated almost every step in the process. It’s as simple as selecting the best loan program from 1Processing’s engine, importing or inputting the loan application, and uploading two borrower authorizations. And that is where the automation begins. Within seconds you will see the order status of all required verifications. And within days you will be able to schedule the closing. Some specific loan programs will actually be ready to schedule the closing instantly – at the time of submitting the loan file.
 Electronically select the best loan program. 1Processing has “The State of The Art Loan Selection System” – and it’s ready for you today. Find, Price, & Lock your loans – and receive a lock confirmation instantly. Or manually select a rate/loan program from a lender not in our system – in a rare situation where we don’t show the loan product you were looking for.
Imagine submitting your loan file, and the next notification you receive from 1Processing is when your loan is ready to close…. within days – not weeks.
Most processing done today often requires several duplicated tasks, where the loan processor, the underwriter, and the secondary market investor – all perform essentially the same tasks. That’s where 1Processing comes in. We do it one time – in one process. We remove the duplication whenever the loan program is selected from within our system. Before 1Processing, these tasks were mostly manual, labor intensive, and inefficient. To originate, document, close, and fund a mortgage loan transaction a processor had to perform tasks that were way too cumbersome and problematic. This would not allow your operation to be focused on sales and closed loan volumes. If utilizing competing contract processing services on the market today, you will find too much of the back and forth communication between the loan officer, contract processor, underwriter, and borrowers on a daily basis. 1Processing cuts out the back and forth manual processes by leveraging technology to automate and certify the loan file for closing.
 Using our patent-pending DirectWare™ web based software solution, we allow you to reduce your processing overhead and free up your staff to generate more revenue. Using our automated processing services we order, validate, and certify the necessary steps to prepare your loan file for closing and quick funding. Our business rules technology ensures that your loan file will meet program guidelines throughout the entire loan cycle. Here are many of the certified process that are completed for you:
- Credit Reports
- AVM (Automated Valuation Model - Property Value Report)
- Tax Returns (if needed)
- Social Security Number & Identity Verification
- Verification of Employment, Including Tax Returns When Needed
- Verification of Income
- Verification of Deposit/Assets
- Verification of Benefits
- Hazard Insurance
- Mortgage Insurance
- Title Commitment
- Appraisal
- Loan Payoff Statements & Updated Balances
- 24 Month Chain of Title (to review loan compliance)
- Lien Check
- Borrower County Property Search (used for investment property review)
- County Tax Search (to accurately reflect the monthly payment and payment ratios)
- Public Records Search / Judgments
- Tax Service
- Flood Report
- Fraud Check
- High Cost Loan Review
- Legal Review (a complete federal & state loan compliance review)
- Initial Disclosures. The initial disclosures will be confirmed by the borrower at closing – so even though the broker still is responsible for providing them to the borrower, the broker does not normally need to supply them to the lender.
- Closing Document Preparation
- Closing. We coordinate and schedule the closing with you
- Signing. The Closing & Signing Service provides a closing at the borrowers home or other broker’s designated location
 Who is 1Processing?
Independent, History/track-record
We are an independent organization started in 1994 and built upon the belief that the ability to  leverage mortgage technology will streamline the loan origination process – and will make you succeed in today’s lending environment. We have a history of being the leader with technology – true cutting edge technology - along with staying on the forefront of market trends. 1Processing’s research department continuously updates loan guidelines, loan programs, and regulatory compliance items. This allows you to stay away from problems such as high cost lending and other national and state regulations that can creep up and cause problems at the closing table for your borrowers.
 How to Use 1Processing?
Success will come simply by utilizing the services offered by 1Processing. Originate your loan file in Calyx Point™ or any other standardized Loan Origination System (LOS). Or use our system to originate your loan. Then seamlessly transfer your loan file data into the 1Processing.com system for your file execution. When the loan data is successfully transferred to our system you will be prompted to select a loan from our loan choices screen. Or simply click the Processing Submission link. The Processing Submission form ensures you have delivered everything we need to guarantee a smooth and seamless loan closing.
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