You can think about the loan process like home construction.
Blueprint/Foundation:
First, you complete the loan application. The loan application is the blueprint that builds the foundation of the loan, and much like a foundation of a home, accuracy is critical.
Framework/Electric/Plumbing:
Next, you work with a loan processor to gather all the documentation that supports the information provided in the loan application. Documentation is the framework, electric wires, and plumbing, which gives the loan structure and reflects the new home's inner workings.
Walls/Roof/Paint:
Then, your loan will go to underwriting. The underwriter will review the documentation provided, verify the information via third-party sources available, and validate the data to comply with industry regulations depending on the loan type. Think of this as the construction of the exterior walls and roof of a home.
Fixture Installation/Finishing:
After that, there is a collaboration between the loan processor and the underwriter that dispositions the loan. During this step, the underwriter may request clarification of information, and you may need to provide additional documentation or letters of explanation. Think of this step as the finishing work, fixtures, and details that complete the home. It is gathering the details that take the extra effort.
Final Home Inspection/Walkthrough:
Finally, you will get to the final step in the process, clear to close and closing. Think of it as the final inspection and walkthrough before the loan closing.
For more information about what to expect when financing a home, visit our Borrower's Resource page.
We are your partner in navigating through the process of obtaining a mortgage loan. Our mortgage loan processing team will guide you through each step, answering questions and clarifying information. We are your advocate to ensure you reach the finish line of
the mortgage loan closing and the dream of homeownership, on schedule!
Saleztrax Mortgage Processing was developed with YOU, the originator, in mind! The process of obtaining a home mortgage in today's environment can be complex for the consumer. As a third-party contract processor, we work closely with your clients to get the required documentation to reach our shared goal of loan closing. Our commitment to customer service will allow you the opportunity to share your expertise in advising and assisting your clients!
Collectively our staff has over 150 years of mortgage loan processing experience. Our solid reputation and industry contacts prove to be a significant benefit to our clients.
We will work closely with our origination partners and consumers to ensure the process is smooth and efficient. We know our success depends on a successful closing experience.
As an MLO, you want to dedicate your time to counseling your client on the best loan options available for their financial situation and to reach their goals. Our expertise lies in handling the documentation and loan processing. Learn more about our mortgage processing services.
Saleztrax utilizes state-of-the-art Artificial Intelligence and Process Automation, working in a digital mortgage environment for maximum security and efficiency. Consumers and Originators are provided with a secure portal, protected logins, and a secure email address to provide documentation.
Fees are collected at closing, and Saleztrax waives the processing fee on transactions that do not close.
Fees are determined by loan type, and Saleztrax receives payment at closing.
Each Consumer and Originator will have a dedicated loan processor for their transaction who will maintain constant communication via email during the process. Since the requirements of documentation are so specific, it's important to communicate the details in writing.
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The mission of Saleztrax Mortgage Processing is to expertly provide a positive and expedient mortgage financing experience in a secure digital environment.
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Licensed in Florida 197908
Connecticut NMLS 205506
Georgia NMLS 205506
Pennsylvania NMLS 100478
Texas
Licensing in other States upon request