Advanced Mortgage Processing Solutions, LLC
Call Us in Owings Mills, Maryland, at (866) 525-6120
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HOW THIS WORKS

  

Keep in mind that we are here for you as an extension of your operation. If there is any step in this process that you feel needs to be modified that can be discussed and arranged to best suit your individual needs. This process flow is only a model.

Loan - Contact our contract mortgage processor in Owings Mills, Maryland for loan processing of residential loans.

  1. You originate the loan

 

  1. Take a complete application

 

  1. Send us a FNM file of the application. We will upload it into our system.

 

  1. You send out the application and disclosures
    1. Option 1  application and supporting docs sent back to you
    2. Option 2  application and supporting docs sent to AMPS

 

  1. If you choose OPTION 1 for #4 you will overnight AMPS a file or we can make arrangements to have it picked up. Or you can fax/email a copy of the docs.  

 

  1. If you choose OPTION 2 for #4, AMPS will receive the app and supporting docs. You will be promptly notified upon receipt by email/phone.  

 

  1. Then we will process your loan within 24 - 48 hours of receipt of your complete loan file. We will send out your files to the lender of your choice. AMPS can (optional) order title, appraisal, and or other various third party services upon request.

 

  1. Once stips come back AMPS will notify you of this status. Either you can contact the borrower to get the necessary items OR we can do this. Our efficient and capeable processors have NO problem talking to borrowers.

 

  1. Once stips are cleared You must call and lock your loans. AMPS will advise you when your loan is cleared to close, and ask you to set up a time to close with the customer.

 

  1. Once loan is closed, we will follow up with the title company to make sure all Funding requirements needed are satisfied per the lenders requests, and advise to you when loan is FUNDED.

 

Our fee is put on the Settlement Statement and paid by the BORROWER - NOT YOU. This is a totally cost effective way to have a QUALIFIED processor that is JUST as eager to get that loan closed and FUNDED as you are. Money is a great motivator.  

 

 

 


Contact us today for complete residential loan processing.



Service Area:
Owings Mills, Maryland
& Nationwide

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