Loan Processing Services
We provide the Seller with a comprehensive package so they may make an informed decision on qualifying their buyer and warrant their ability to ensure they can make the monthly payment.
What are the Benefits of Using an RMLO for Real Estate Investing?
While it isn’t legally required for you to use an RMLO unless you do 3 or more transactions within a 12 month timeframe, we believe that you should still take the proper precautions with every single one of your deals.
Compliance
We will ensure that every transaction adheres to both state and federal regulations, including acts such as the SAFE Act and Dodd-Frank Act.
Efficiency
By streamlining the loan origination process, we can help accelerate approvals and closings, saving both time and money.
Risk Reduction
We help reduce the potential for errors, oversights, or violations by collecting and presenting all of the information you need to make the correct decision.
Buyer Protection
We help play an important role in protecting consumers, ensuring that they fully understand the terms of their loans and are not misled or taken advantage of.
What Can You Expect When Working With Our RMLOs
Purchase Contract
Begin your journey with OFN Processing Services by uploading your Purchase Contract. This initial step is vital, as it sets the stage for all subsequent actions and ensures we're starting on the right footing.
1003 Application
The 1003 application is the cornerstone of our process. By submitting this application, buyers provide the essential details that form the backbone of the ensuing verification and documentation phases.
Pay for Services
Once the application is submitted, payment ensures it moves forward without delay. This step underscores the buyer's commitment and enables us to dedicate resources to expedite the subsequent stages.
Loan Review
For every buyer, creating an account is a breeze. This personalized space ensures a smooth application process, allowing buyers to easily track progress and stay updated.
Document Collection
Post payment, our team meticulously collects and organizes all relevant documents so we can ensure what their financial situation is. This includes but is not limited to tax returns, W2s, Verification of Employment, & Verification of Rent or Mortgage.
Document Delivery
With everything in place, we compile a comprehensive packet for you. This all-inclusive package is designed to offer a clear overview, granting you the clarity and confidence to make a well-informed decision.
