Services

Fees
Processing	1st Mortgage	$350/File*
Processing	2nd Mortgage	$200/File*
Processing	1st and 2nd Mortgage Combo	$500/Both*
Processing	Construction and FHA	$500/File*
	Business Consulting (Office Set up, LOS)	$40/Hour
	Compliance	$40/Hour
	Training (LOS, Investor Websites, DU/LP)	$50/Hour
*An Independent Contractor Agreement must be signed to get started. Once fully executed, loan files may be submitted for processing. *A non-refundable fee of $100.00 is required with each file. Any file submitted without the fee will be held in suspension until the fee is received. *Any file in process that is to be resubmitted to another lender will be charged an additional fee of $50.00. *If Processing-Plus is to obtain signed disclosures from a borrower, an additional fee of $25.00 will be charged. *Once a file is Clear to Close, payment in full is DUE on or before closing. Processing charges should be disclosed on the HUD and a check should be cut directly to Processing-Plus at closing.
Processing Procedures
TASK		PERFORMED BY
1.   File Review to determine: a. Product b. Program c. Investor d. Appraiser e. Attorney f. Lock Loan g. Perform initial automated submission (DU/LP/Investor)       h. Forward loan package to Processing-Plus		Broker/LO Broker/LO Broker/LO Broker/LO Broker/LO Broker/LO TBD Broker
2.  Input loan to LOS (Encompass/Calyx)		Broker/LO
3.  Obtain signed disclosures from borrower		Broker/LO*
4.  Place file in proper order		Processing-Plus
5. Order appraisal and title		TBD
6.  Submit loan to investor		Processing-Plus
7.   Review approval and email conditions list		Processing-Plus
8. Collect conditions from borrower and send to PP		Broker/LO
9. Submit outstanding conditions to investor		Processing-Plus
10.  Obtain Clear to Close and prepare fee sheet		Processing-Plus
11.  Schedule closing with investor, attorney and borrower		TBD