1880 Century Park East, Suite 714
Los Angeles, CA 90067
P (310) 788-0022
F (310) 788-0044
Toll Free (877) 788-0011

BROKERS

 

Are you tired of your processor neglecting you? Are you tired of poor work ethic, lack of knowledge, inability to communicate and your files being mishandled? Let Preferred Processing treat your files with care from conception to close.

FREE-AT-LAST
Processing your own loan is too great of an opportunity cost. You should be out there generating business, not worrying about loads of paperwork. We will enable you to reduce your overhead and eliminate staffing hassle, such as salaries, benefits, sick time, vacation and training. Shift these responsibilities to us! Our fees are covered as closing costs, so you pay nothing! We do not get paid if the loan does not close so we work hard to make sure it does!

JUST LIKE YOU
Acting as a ghost entity, we address third parties as a member of your company. We also fit your working style by being involved as little or as much as you desire. Do you like to be informed at every stage or would you rather only be notified at major milestones? Tell us how to tailor the process to your working style and we create a working relationship that best suits you.

WE COMMUNICATE!
How many times do you need to know something NOW? We pride ourselves on our availability and consistent work ethic. We are always available via phone and email, as well as instant messenger. We guarantee you will always be able to reach us directly for whatever information or help you need. We also make sure your loans are never sat on or left unattended. You will usually work with one specific processor so you can get all status and follow ups at the same time.

EXTREME EXPOSURE
We have processed thousands of loans and have been exposed to an exponential number of scenarios. The bad, the ugly, we have seen it all and can easily detect a potential problem before it surfaces, minimizing possible delays. We know the submission process of every major lender and have dealt with numerous escrow and title companies. Since they are such an essential part of the success of a loan closing, we know how to communicate with them to get things done in a timely manner. We are especially an asset to those freshly joining the real estate field or residential mortgage.

WHAT ARE YOU WAITING FOR?
Getting started is simple. We receive files via fax, email, messenger, mail and in person. Simply fill out the loan set up instructions to tell us what you would like done on your files. Call us at 310.788.0022 and let us make your life easier!

THE PROCESSING PROCESS:

What we will need from you:
• Loan set-up sheet
• Completed hand-written 1003
• Credit report*
• All state-required disclosures (signed)
• Preliminary title report*
• Escrow instructions*
• Appraisal (electronic version accepted)*
• Depending on loan scenario: income and asset statements
* Based on our arrangement

What we will do for you:
• Generate 1003 and 1008
• Order appropriate verifications (employment, deposit, mortgage, etc.) and estimated HUD-1
• Package file for submission to lender (gather missing information, handle online submissions, transbox/submit hard file)
• Handle clearing PTD and PTF conditions (liaise with appraiser, HOA, escrow, title, credit companies, etc.)
• Order docs
• Coordinate closing
• Close-out file following Department of Real Estate guidelines
• Help with packaging or scenario questions
• Give guidance when needed

 

SERVICES AND FEES:

Conforming

$ 495

Jumbo/ Subprime

$ 595

Stand Alone Second

$ 495

Piggy-back Second

$ 200

Each Additional Unmarried Co-borrower

$ 100


Processing Forms PROCESSING FORM LINKS

Processing Forms
   Loan Setup Checklist:
Use this form to help you organize your files and gathered documentation

   Loan Setup Instructions:
Use this form to instructs us how to handle your files


Processing Agreement  
   Loan Processing Agreement:
Complete the agreement and let’s get started today!

 

PROCESSING TEAM

Our Processing Team is dedicated to funding your loans.

We pride ourselves on availability and are accessible via phone, email and instant messenger.

We routinely assign one processor to handle all of your processing needs. This makes the process smooth and as easy as possible.

Please contact us to get assigned to a processor: 310.788.0022

Christian Assouad ext 22
cja@preferredventures.com
Lisa Gewelke ext 23
lag@preferredventures.com
Copyright (c) 2006 Preferred Ventures Corp. All Rights reserved.