Contract Mortgage Loan Processing | Secondary Market Investor Services

The 1Processing Solution
for Secondary Market Investors

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 loans validated, and receive their due diligence review – all in one simple step to align your loan pipeline for quick purchase – with a trusted and certified process - allowing your company to be faster, increase accuracy, and be more profitable. That is what 1Processing can do for you.
1Processing has automated almost every step in the process of getting your loans to meet acquirement guidelines. It’s as simple as selecting what loan programs you want to offer your lenders utilizing 1Processing’s engine and selecting what validations are required before a loan is ready to be purchased. Using our vendor services engine we will ensure loan files sent to you for purchase have been certified. This allows us to guarantee trouble free loan files in your pipeline.

1Processing has “The State of The Art Loan Selection System” – and it’s ready for you today. Our system allows you to be automatically notified when a loan package is ready for settlement. We ensure your checklist of required validations has already taken place on the loan file and that it has been certified as “Ready to Go”.

Most underwriting 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 document, verify, close, and fund a mortgage loan transaction an underwriter had to perform tasks that were way too cumbersome and problematic. This would not allow your operation to be focused on funded loan volumes. Utilizing your current funding workflow we are sure you find too much of the back and forth communication between the lenders and the brokers 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 and secondary market investor purchase

Using our patent-pending DirectWare™ web based software solution, we allow you to reduce your funding overhead and free up your staff to focus on customer service and quality control. Using our automated processing services we order, validate, and certify the necessary steps to prepare loan files for end investor alignment and acquisition. Our business rules technology ensures that loan files will meet your purchase requirements for purchase throughout the entire loan cycle.
Once the wholesale lender has funded the file the loan will be transferred to your acquirement pipeline to be purchased. Once the loan file is in your pipeline you can view and sign off on the loan validations that have already taken place. All the loan file images are stored so that you can retrieve them at any time.
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

We are an independent organization started in 1994 and built upon the belief that the ability to

leverage mortgage technology will streamline the loan underwriting process – increase loan quality - and allow you to 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 loan files.

Success will come simply by utilizing the services offered by 1Processing. Retrieve the loan file in Fannie Mae format from your broker or any other standardized Loan Origination System (LOS) like Calyx Point™ (the integration to include your name in Calyx Point™ is available). Or use the 1Processing system – DirectWare™ - to prepare the loan application. Then seamlessly transfer your loan file data into the 1Processing.com wholesale system for your file execution. When the loan data is successfully transferred to 1Processing you will be prompted to select a loan from the loan choices screen. Or simply click the Underwriting Submission link. The Underwriting Submission form ensures you have delivered everything we need to guarantee a smooth and seamless loan closing.