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Yes, in nearly every state, an independent contract mortgage processor must hold a state mortgage license, even though a W-2 processor working in-house under a licensed company usually doesn't. You can verify any processor's license status for free on NMLS Consumer Access. Willow Processing currently holds active licensing in 35
Read MoreThat's usually why switching feels riskier than it should. Your pipeline doesn't pause while you make a change: loans are mid-flight, disclosures are out, conditions are pending. But switching contract mortgage processors doesn't have to mean gambling with active files. Done file-by-file, with the right sequencing, it's a controlled process....
Read MoreAccording to the National Association of Realtors' Realtors Confidence Index, 13 percent of contracts experienced a delayed settlement in a recent three-month period, and 6 percent were terminated outright. Separately, a Redfin survey of real estate agents found that financing falling through was the second most common reason home purchase...
Read MoreChoosing the right contract mortgage processor affects how quickly your loans close, how well your files hold up in underwriting, and how smooth the experience is for your borrowers. This article covers eight key things to evaluate, licensing, state coverage, loan type experience, turnaround times, technology, communication, pricing, and red...
Read MoreMortgage brokers are under constant pressure to move faster, close cleaner, and grow their pipeline without adding overhead. That’s where contract processing companies come in. These third-party powerhouses help brokers streamline operations and scale efficiently—without the burden of in-house hires. In this blog, we break down what contract...
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