Outsource Platform – Traditional and Reverse Mortgages
1st Mortgage Solutions Private Labeled Outsource Platform. Our Difference is Our People and Our Process.
Everything has Changed
We all know the mortgage origination landscape has forever changed. Today’s environment includes increased compliance and regulatory requirements, constant uncertainty, a focus on quality, and customers who demand fast turn-times and prompt customer service. These factors have led to a continual increase in expenses and the cost to originate a loan.
Keep the Relationship
Yet, banks still want to be able to offer their customers mortgage products while at the same time not lose the relationship to a competitor. Unfortunately, they come with a price tag that many financial institutions just cannot afford.
We walk you through every step of the mortgage transaction. From origination to funding, streamline your loan processes while improving efficiencies. Our process is:
Enjoy one of the fastest go-live time frames in the industry.
Our pre-configured workflow navigates your lending team through the complexities of origination, processing, closing and funding.
- We understand today’s lending issues and work with you on solutions to improve the borrower experience and lending efficiencies.
We focus on retail mortgage lending.
We provide a flexible and efficient system, capable of handling your mortgage requirements from application to closing and delivery.
Configurable checkpoints automatically help you avoid compliance violations through validations and notifications.
Whether you’re just beginning to offer mortgages or you are an experienced mortgage lender, we have the support services, market expertise, and programs to enhance your efforts and increase your loan production. Our forward and reverse mortgage lending solution generates fee income at a fraction of the cost of traditional mortgage lending programs.
We provide you with a full array of mortgage lending tools that allow your institution to avoid some of the risks typically associated with starting and maintaining a mortgage program. Our centralized processing and closing teams are experienced and will treat your borrowers with courtesy and respect. We also set the standard for service and expect no less than excellent communication with your borrowers throughout the process.
We provide mortgage lending alternatives that produce results.
The solution to this dilemma is the Mortgage Solutions Private labeled Outsource Platform. We offer private-label, fully compliant mortgage outsource services to mortgage lenders in the business of originating loans direct-to-consumers or through third parties.
We provide superior loan processing solutions that reduce costs, generate revenue, allow you to stay focused in an increasingly competitive landscape and position you for future growth.
We know the RIGHT way to do business is to put your needs first. The key is working with a strategic partner who has extensive experience and success in delivering end-to-end solutions.
The Things We Do
- Mitigating risk: Our centralized processes and underwriting experience enable you to reduce recourse risk. Our compliance team works on your behalf to keep all of your documents and processes up-to-date and compliant.
- Reducing costs and margin volatility: Our proven strategies help you move from a fixed to variable cost model. We also act as your conduit to the secondary market, protecting you from the effects of interest rate swings.
- Advanced technology: Your loan officers benefit from our technology capabilities – delivered without capital investment or need to upgrade your existing systems.
- Maintaining your brand: You can customize the customer experience with your organization’s name and logo from originations, as well as control all cross-selling and retain refinance income opportunities.
- Operational Support: Reduce fixed costs and adapt quickly to increasing or decreasing volumes in workload while avoiding costly acquisition and maintenance of your own staff. We provide transparent, private-label services that allow you to scale your operations.
- Our approach delivers high-value solutions, product knowledge and high-level support.
- The extensive expertise of our mortgage loan processing professionals will provide you efficient processing, that facilitates productivity and increases the percentage of loan closings.
- Outsourcing this duty to us can result in cost savings for you.
- With a dedicated team and cutting edge infrastructure already in place, we save you from investing money to establish these resources.
- We help facilitate in reducing loan cycle time and increase borrower satisfaction.
A More Robust Line of Products
By outsourcing, you get the ability to offer mortgage products and programs that you otherwise may not be able to offer.
- Our Suite of Products:
- FHA Loans
- USDA Loans
- VA Loans
- Conventional Loans
- Jumbo/Super Jumbo Loans
- Reverse Mortgages (Home Equity Conversion Mortgage or HECM)
We provide marketing expertise, support and deliverables to help you achieve your goals and make your mortgage lending program a success. Even if you want to use your own marketing department, you can take advantage of our knowledge and experience.
We have over 30 years of experience working with Banks in the forward mortgage lending marketplace and over 12 years of experience in the HECM (Reverse Mortgage) market. 1st Reverse Mortgage USA®, is a division of Cherry Creek Mortgage Company, Inc. (CCMC) one of the country’s largest mortgage lenders. We have direct endorsement authority from HUD to originate, process, underwrite and close mortgages.
Our high-touch program provides superior loan processing solutions that reduce costs, generate revenue and allow you to stay focused in an increasingly competitive landscape, positioning you for future growth.