One fee per file. Nothing else.
No retainer, no monthly minimum, no per-seat software cost, no contract to get out of.
$400
Paid after closing
The fee is due after the loan closes. If the file dies, you owe us nothing for the work we already did on it.
Best when you want the risk shared.
$200
Paid up front, fifty percent off
Half the price for paying in advance, and it can be billed straight through to the borrower on the settlement statement.
Best when the borrower carries the fee.
What the fee covers.
The same list on every file, whichever way you pay for it.
- The full file, from application through funding
- A dedicated phone number and email in your company name
- Borrower contact and follow up for the life of the file
- Appraisal ordering and appraiser sourcing
- Entity and LLC document collection
- Insurance binder coordination with the borrower's agent
- Title company or closing attorney coordination
- Lender conditions worked through to clear to close
- Written updates to you for as long as the file is open
- Payoff handling when the loan comes off the books
The comparison is not another processor. It is a payroll line.
A processor on staff is a salary, payroll tax, benefits, a desk, a software seat and a training period, owed in full during a quiet quarter. This is a fee per file that scales down to nothing when you are not writing loans, and up without a hiring decision when you are.
Questions brokers actually ask.
- Is there a retainer or a monthly minimum?
- No. There is no retainer, no monthly minimum and no contract. You pay per file, and if you send us nothing for two months you owe us nothing.
- What happens if the loan does not close?
- On the pay-after-closing option, you owe nothing. We carry the risk of a dead file with you. On the prepaid option the fee has already been paid, so it is the trade you make for the discount.
- Can I pass the cost to the borrower?
- Yes, on the prepaid option. Brokers commonly bill the processing fee through to the borrower on the settlement statement, which makes the service free to the shop.
- Does construction draw processing cost extra?
- Draw processing is quoted separately, because the work depends on the number of draws and the lender's process. Call the order line and we will price it against your actual deal.
- How many files can you take?
- We work with shops running one to five loan officers, and we take on volume we can actually service. If we cannot do your file justice we will tell you rather than take it.