DENVER, June 23, 2021 / PRNewswire / – Record mortgage rates and closed-end loans dominated national news over the past year; However, there is a lot of talk about potential future changes in the market. Both new and old mortgage brokers know that the mortgage industry is unpredictable. While it can be fun to ride the tide when the industry is booming, it’s also important for brokerage firms and lenders to think through strategies to ensure continued long-term success.
Efficient and efficient processing of mortgage loans is one of the easiest ways that mortgage lending professionals can help reduce the clicks to closure processing time, not only to secure new business, but also to increase borrower satisfaction. The first third party mortgage loan processing solution with a universal digital platform, Wemlo℠ Offers an efficient and top-notch loan processing experience for mortgage brokers.
Providing a sustainable mortgage processing solution was key to Annette Beckwith, Vice President of Operations at East Shore Mortgage Services, a small mortgage brokerage company in St. Connecticut… Now that we have five mortgage lenders, and they plan to hire more during the busy summer season, two full-time processors needed help. “We use wemlo as a source of overflow handling, which has proven to be incredibly useful. The whole wemlo team was phenomenal, ”Beckwith said.
Barry Ingram, broker-owner of Motto Mortgage Independence in St. Texas, thinks the same way. “Wemlo processors feel like a part of my company.” In the past year, there were so many loans going through Ingram’s office that his internal processors could not keep up with them, and it became burdensome for new lenders in his office who were not so familiar with the processing. “Since I started using wemlo, our mortgage processing has become more streamlined, predictable and traceable,” added Ingram. “Now I know that even my new employees have someone who can help them if needed.”
As the mortgage and real estate industries continue to innovate, leveraging wemlo’s award-winning multi-faceted platform and third-party mortgage processing services can help mortgage brokers succeed, regardless of industry highs and lows that may be on the horizon.
Wemlo,SM NMLS # 1853218 is a mortgage loan processing technology startup that is changing the channel of mortgage brokers. She developed the first cloud-based mortgage broker service that combines third-party loan processing with a universal digital platform. Its product is sold to mortgage brokers and lenders across the country. Wemlo is a subsidiary of RE / MAX Holdings, which includes RE / MAX®, one of the world’s leading real estate brokerage franchisors, and Mortgage Motto®, the first national franchise mortgage broker brand in the United States.