Why Hire Me - THE Contract Loan Processor

 Dear Loan Officers,

I started my contract processing company in 1996 when my oldest daughter was born so that I could be a stay at home mom and earn extra money for our family.  My youngest daughter came along in 1998. Both of my daughters are grown and out on their own.

I was a solo business for over 20 years and when the industry got crazy busy, I  hired highly experienced licensed processors to work on my team.  My company and I have had an excellent reputation in the industy for many years.  We are a preferred processing company with United Wholesale Mortgage and we work with several other lenders.

REASONS TO HIRE THE CONTRACT PROCESSORS, INC - KELLY LININGER

I have closed thousands upon thousands of loans.

My turn times are typically within 24 hours.

I have developed relationships with many of our lenders - UWM, Rocket, Mega Capital, Orion, Loan Stream, EPM, Flagstar, Carrington, ACRA, Velocity, Sierra Pacific, TheLender, and so many more.

Lenders know me and my company - been around for a long time and we are not going anywhere.

I am big on being prepared, forecasting the needs of the file, and reading the documentation (before it goes anywhere)

I know how to calculate income, I know guidelines, and I take each loan I work on personally.

I have a vested interest in the closing of a loan - I don't get paid unless the loan officer gets paid.

There is absolutely NO COST to the loan officer to use my service.  The borrower can pay for the 3rd party processing.

WHY SHOULD YOU HIRE A CONTRACT PROCESSOR?

Flexibility, Cost-effectiveness, Specialized skills, reduced training time, scalability (we are there for you when you get super busy or super slow), and Risk Mitigation.

I am licensed to process in California and Florida.

Corporate NMLS 812701

Personal NMLS 663786

Contact me with any questions and how I can help you!  Kelly@thecontractprocessors.com 

Eleven years and 26 days later....

 

It's been a while since I thought about blogging and glancing at the last date of my last blog made me laugh, February 1, 2012.  It's been a pretty busy 11 years.  Here is what has happened....

I expanded my company as I could not keep up with the high volume.  Today I have 7 Full time processors.  It's just  not me anymore....

I started with about 5-10 brokers that I processed for.  Today our client list of brokers is over 200.

We were voted Top 10 Best Contract Loan Processors in 2020 by United Wholesale Mortgage.

My youngest daughter graduated college in 2020 and is now a top loan processor and purchased her first home.

My husband and I took a month long trip to the Mediterranean. We visited Italy, Greece, Croatia, Malta, Monte Carlo, and a few other countries.

It's been a great ride this past 11 years - really the past 27 years.  The mortgage industry has changed considerably and my team of processors and I have been there every step of the way.  We are the best of the best.  

Rates have increased drastically since the middle of 2022 and the industry has slowed down considerably.  Many companies have closed - lenders and processors.  We are still here - we are not going anywhere.

Even though I have not blogged for Eleven years and 26 days doesn't mean we have not been working our mortgage tails off...  

Post It Queen

I am a Post It Queen.. I have a post it for almost everything - My hot pink long lined version post it- are my short term goals.. My yellow average square post its are my - got to do it tomorrow reminders - usually you can find these around my computer screen to remind me in the morning. The yellow lined 3x3 post its are weekly accomplishments, my yellow 6 inch lined post it are my login and passwords for misc. (non-sensitive) websites, my neon green post its are found in my loan processing packets to remind me of something I need to know before I submit or close the loan, and my blue post its are the ones that my daughters and sometimes their friends post on my cabinets above my desk to tell me they love me... There's a post it for everything, isn't there?

A loan processor must be able to multi-task... I may be in the middle of one file - get a call about another file - and receive an email about yet another file - All tasks are important - All tasks must be remembered and they must be completed... This makes post its very handy... Looking at my desk right this moment - there are 15 post its about. When I finish a task - I make a note of it - in my ledger and throw the post away and sometimes - I'll just put the post it in the back of my file - you can never be too cautious when it comes to the mortgage industry....

Post its make my job so much easier and I get really happy when I see so many post its stuck around my desk - Why? It means I'm busy... and that's a good thing - for this contract processor...

January 19, 2012

It's funny to realize that I had started this blog two (2) years ago this month.. I wrote a couple of posts about the "new" RESPA craze and how so many of us in the mortgage industry were not happy with this enormous change... Two years later - I can honestly say that I have made friends with all the new regulations - the changes to the Good Faith Estimate (GFE) - I think is a good thing. Because all of the fees need to be accurate upfront - there are few "fee" surprises at closing and borrowers seem to be much more relaxed because of this.

A Little About Me....

I received my real estate license in 1986 - I was twenty-one years (21) old and decided to be a real estate agent - I soon realized that selling homes at the ripe young age of twenty-one (21) is not an easy thing - I was 5'2 - wore a size two (2) - and looked to be around sixteen years old.... After a couple of years of sitting around in open houses - I decided to go on the other end of the industry - the loan side.. I became a loan officer at a friend's mortgage company... The owners took me under their wings and taught me the loan business - I was soon making money - selling loans. I started processing my loans as well and soon learned I liked processing much better than selling...

I later went to work at a direct lender as a loan processor in their retail division. The direct lender got out of the retail side and I went to work for a very busy broker's office. This particular California broker is ranked one of the top 50 in the nation - busy busy busy -I thrived - I loved it - I think my record closing month was over 50 loans - this was in 1994 so my memory is a little fuzzy... While I was working there - I was approached by one of the lenders we worked with and was asked to come join their team as an underwriter... I jumped at the chance - I worked there until the mortgage industry "crash" in 1995 and their doors closed... To be honest - I wasn't too sad about this - I missed the processing side and decided to become a contract processor... and I decided to start a family.....

It's been almost sixteen (16) since I opened my "doors" to contract processing.. Since then I have been blessed with two girls - they are both teenagers now... I will be celebrating 23 years of marriage next month -And my loan processing business has prospered...

On a side note - Due to the new SAFE act regulations - I received my broker's license and NMLS endorsements this year so that I could continue giving excellent service.. So glad it's done and I passed all tests the first time!