These are our procedures
New Loans
When sending a New Loan put NEW LOAN-Borrower's Name in the subject line and email it to pricing@ahlprocessing.com. If we have the following then you will have docs within 24 to 72hrs and we will order the appraisal.
1. Fully completed 1003 email us the fnm 3.2, PCF or .brw if you do not have a loan origination system have your borrower APPLY ONLINE
2. Credit Report or PAY ONLINE and we will order for you.
Also include the following info as well:
Name: |
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Sponsor Name: |
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Sponsor NFS#: |
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Postion: |
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Sponsor Postion: |
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Gmail: |
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Sponsor Gmail: |
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Phone: |
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Sponsor Phone |
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Fax |
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Sponsor Fax |
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Address: |
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Sponsor Address: |
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If any of these are missing or if the 1003 is incomplete it will take 24 to 72hrs form receiving the final issue to receive pricing and docs.
Loans In Processing
Please do not send us any supporting documents until you have the signed application & disclosures as our hand are tied until we receive those. Please send the following to your assigned processor
1. Signed Application & Disclosures
2. Accurate and Up-to-date Supporting Documents
After receiving a full package the processor have 24 to 72 hrs to review and order everything needed for the file and stack for submission. Of course submission can be delayed if we do not get back the things ordered that is need for submission because we cannot submit incomplete files. Same thing for any conditions needed to close. The processors may have different emails but in order to keep me in the loop always use their ahlprocessing.com email address.
Post Closing
Once we get the package from the closing office we have 48 to 72 hours to review and put the file in compliance to send to corp for pay which means we must receive your file from title by Monday for it to be mailed to corp by Thursday for pay the following Friday.
Cost
YOU WILL BE BILLED 10% OF YOUR OVERALL COMMISSION or $300 WHICH EVER IS GREATER FOR LOAN SUPERVISION PLUS $595 FOR US TO PROCESS YOUR LOAN. IF WE HAVE DONE WORK ON YOUR FILE AND YOU SEND IT TO ANOTHER PROCESSOR OR TRY TO PROCESS IT YOURSELF TO NEGAITE FROM PAYING THE LS FEE AND THE LOAN CLOSES YOU UNDERSTAND THAT YOU ARE STILL LIABLE TO PAY US THE 10% or $300 LS FEE WHICH EVER IS GREATER
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