Is it the Right Time to Outsource Your Residential Mortgages?
By: 1st Reverse Mortgage USA
With the burden of increased regulation, origination costs and other operating cost and risks, some community banks are finding they are no longer able to have a viable, profitable mortgage banking business.
Yet, these banks still want and must be able to offer their customers mortgage products, and at the same time not lose the relationship to a competitor. One emerging solution to this dilemma is to outsource mortgage origination functions to another non bank lender.
If smaller banks tell their customers to go elsewhere for a mortgage, they could see them take their deposit relationships to another institution. (Excerpted from Origination News)
The answer to this dilemma is the Mortgage Solutions Outsource Program. For the past 12 years, 1st Reverse Mortgage USA has had successful relationships with banks and the reverse mortgage program. We now offer this exact program for traditional mortgages as well. We offer private-label, fully compliant mortgage outsource services to mortgage lenders in the business of originating loans direct-to-consumer or through third parties.
Our Difference is Our People and Our Process.
We provide the most personal service experience in the industry to help you through the process. You can count on our team to take you through the entire loan process, beginning to end, so your clients will experience the highest level of continuity and quality of service, while still putting your loan originator as the point person, dealing directly with your depositor.
Our high-touch program provides superior loan processing solutions that reduce costs, generate revenue and allow you to stay focused in an increasingly competitive landscape, and position you for future growth.
- Suite of Products:
We know the RIGHT way to do business is to put your needs first. The key is working with a strategic partner who has extensive experience and success in delivering end-to-end solutions.
Mortgage Solutions Private Labeled Outsource Platform