Third Party Loan Processing Services
Asset Advocates offers NATIONAL third party loan processing services for private lenders. We deliver fast turn times with flat fee pricing and no surprises. Let our experienced professionals help your business grow while saving time and reducing overhead. Contact us today to learn more about our contract processing services.
We’re Here to Help:
Fast Turn Times
We use all our efforts to get your loan closed with prompt service, efficiency and speed. Our processors are educated about industry compliance and what’s required to close loans.
Flat Fees / No Surprises
Our flat fee pricing takes the guesswork out of your loan processing costs. The best part is that the cost of the processing does not come out of the broker’s pocket. The fee is added onto the LE/CD and paid at closing with the transactions.
Experience You Can Trust
We have over 35 years of combined experience in the mortgage industry. All of our processors work in our office. There will always be someone available to assist you. Service is key.
Licensed Processors / No Overhead Costs
No hiring, training, or payroll costs. No need for additional office space.
Frequently Asked Questions
Here’s a list of some of our Frequently Asked Questions (FAQs). If you have additional questions, please contact us at (888) 958-1859.
What is your turnaround time for loan processing?
We work to review and submit your loan as quickly as possible. Our initial loan submission turn-time averages 24-48 hours after we receive your complete file.
What lenders do you work with?
We work with multiple lenders that provide various loan programs to accommodate your borrower’s needs.
When processing are you affiliated with lender?
As a processor we are not shown as a “authorized to represent” for the Broker/Lender. We act a processor on loans to faciliate the closing process for borrowers.
What are your fees?
We only charge a fee if a loan is committed and closes. Our fee is a flat rate $395.00 per loan closed
Who receives payment for Processing?
Asset Advocates is the processor for all files it works on, so all payments are made directly to Asset Advocates. As a third party processor, Asset Advocates is not directly affiliated with the lender providing the funding.
Are processing fees refundable?
Processing fees are only charged when a file has been fully approved and committed to fund. When a lender provides a commitment and is prepared to fund all processing fees are due. The borrower has the option to pay at closing or pay via credit card prior to closing. Fees are refundable if loan is not approved or if commitment is not issued. A refund cannot be made if the borrower/client decides to not take the loan for any reason outside of not having the funds needed to close.