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Virtual Mortgage Processing "Contract Processing Like You've Never Seen Before"

"I can't understand why people are frightened of new ideas. I'm frightened of the old ones"

John Cage

Our Team

VMP

Excellence and high achievers make up the team. Everyone on our staff has at least 10 years direct residential mortgage financing experience.

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our Services

Are you ready to save money, increase your origination time and impress your customers with smooth and efficient mortgage processing?

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Let VMP be your MVP!

Our Vision

To simplify and reduce our client's cost while exceeding their expectations in customer service.

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About Us

Virtual Mortgage Processing

About Us

Our VisionVirtual Mortgage Processing, LLC, is a contract mortgage processing company specializing in FHA, VA and Conventional mortgage loan processing for brokers and lenders throughout the United States. Our goal is to work closely with mortgage brokers/branches, banks, credit unions, and various other types of lenders to attain the common goal of closing loans in the most efficient and professional manner. Each of our team members has a minimum of ten years experience in the residential mortgage lending and processing arenas. We are committed to capitalizing on this experience and providing your company with exceptional personalized service, precise attention to detail and superb communication. Whether you are a large mortgage broker who needs overflow support during high volume periods, or a smaller operation that wants to reduce the costs of having a trained in-house processor, our goal is to help you get your loans processed efficiently and to closing quickly. As the cost of keeping good loan processors rises, contract processing has become an effective way for mortgage companies and banks to stay competitive. We hope that you will allow us the opportunity to handle your mortgage processing needs with our guaranteed quality service at a fraction of the cost.
Our Team

Virtual Mortgage Processing

VMP

Our Team

"Simplified Contract Processing"

Mrs. Keel has always been focused on quality and exceeding expectations. As a 15 year old eager to begin working at her first job, her father sat her down to offer some advice: “With any job you might have, no matter how big or small, always do your best, try your hardest and be the most valuable employee your boss has ever had.” Twenty years later, those words still ring true and are the core value of Virtual Mortgage Processing. After graduating from Peace College and the University of North Carolina-Chapel Hill, Mrs. Keel spent five years as a criminal paralegal for the Wake County District Attorney’s Office in Raleigh, NC. She worked in the Dangerous Offender Task Force and dealt with the high profile cases of repeat offenders in Wake County. Mrs. Keel worked directly with the district attorney, task force detectives, local police agencies and victims to ensure the state had a sound case for prosecution and trial. Mrs. Keel continued her legal career as a corporate paralegal for Robinson, Bradshaw and Hinson in Charlotte, NC. She worked with Global 100 firms on transactions in excess of $250 million. She was responsible for a number of corporate transactions from beginning to end to ensure a smooth closing process for all parties involved. In 1999, Mrs. Keel embarked on a new opportunity and assumed the responsibility of developing the loan processing department of a mortgage brokerage firm. Under her leadership, she oversaw $250 million in annual loan volume processing. Her ability and attention to detail led to the firm receiving numerous awards and recognition for quality files from lenders throughout the country. When the lending environment drastically changed, Mrs. Keel saw a win/win opportunity for herself and brokers/ lenders/ finance companies by offering quality mortgage loan processing services at a fraction of the cost of an in house processor. Mrs. Keel founded Virtual Mortgage Processing in 2009 with that specific goal in mind. Mrs. Keel’s call to action is very simple -- every single client of Virtual Mortgage Processing is valuable to her, no matter how big or small, and her team is committed to being the most valuable processor to all of their clients.
Mrs. Leatherwood has always led by example. Her integrity, loyalty and desire to excel at whatever she does has made her an anchor in Virtual Mortgage Processing’s leadership. She is admired and respected by everyone. She is a graduate of the University of North Carolina – Chapel Hill with a degree in Business Administration with a concentration in accounting. Her career started with a brokerage company that worked in concert with one of the largest Southeast Distributors. She worked collaboratively with the President of the brokerage company focusing on day to day operations. Mrs. Leatherwood worked with over 150 boards to maintain optimum channels of distribution. She worked on a team that was responsible for the design and development of proprietary computer sales data systems.Mrs. Leatherwood also worked in accounting. She prepared federal and state tax returns for new and existing customers. In 2003, Mrs. Leatherwood had an opportunity to work on the leadership of a mortgage brokerage firm. She assisted in all aspects of the organization that generated an annual loan volume of $250 million. She worked beside the President of the company consistently offering sound advice and insight. Mrs. Leatherwood excelled and became a trusted advisor to the President of the company. In 2009, Mrs. Leatherwood embarked on a new opportunity when she became Vice President of Virtual Mortgage Processing. Mrs. Leatherwood worked closely with the President in building the business plan and implementing the concept. She is driven and able to provide clients with a sensible solution that will make their respective business more efficient. Mrs. Leatherwood’s processing, accounting and leadership experience make her a go to source for Virtual Mortgage Processing clients. She is constantly looking for ways to streamline the process and keep the company’s clients informed.Mrs. Leatherwood’s call to action is very simple – she takes what she does seriously and understands the trust that Virtual Mortgage Processing’s clients put into the company. To Mrs. Leatherwood, it is personal. She takes pride in building long lasting relationships.
Services

Virtual Mortgage Processing

Services

Mortgage Processing
Get Started
Pricing

Mortgage Processing Virtual Mortgage Processing Will:Review submitted file for completeness and accuracy, and edit as neededOrder payoff and complete subordination agreement (when necessary)*Submit loan file to the lenderOrder appraisal, title, hazard insurance and any other required third party verifications*Clear loan conditions required by underwriterMaintain contact and update loan officer throughout processing periodSchedule closing with all Parties, prepare closing document form and fee sheet, and ensure closing package deliveryObtain and forward HUD-1 Settlement Statement to loan officer for approvalFollow up to confirm the loan closing was successfulDeliver post closing loan package to loan officer for compliance and storageWhat do we need from you?Complete the mortgage applicationCollect signed application, disclosures and required income/asset documentationIdentify Lender and ProgramRegister the loan and lock the RateNetwork, generate new business and ...... LET VMP BE YOUR MVP! "Simplified Contract Processing"

Get Started Getting StartedHere's how to get started....Step #1: The Contract Processing Agreement defines our relationship and can be cancelled at anytime. Step # 2: Provide us with company contact information and log-in's for software, lenders, government agencies and third party vendors. A guide for information that is commonly needed has been provided for your convenience. Step #3: Complete the Loan Submission Form and send us a loan!It's as easy as 1,2,3... start saving time and money!All "Getting Started" documents and files may be sent to us via email, fax or mail"Simplified Contract Processing"

Pricing Mortgage Processing Pricing:CONVENTIONAL $395FHA / VA $395PIGGYBACK 2ND IncludedSTANDALONE 2ND $95CONSTRUCTION $395LOAN DOES NOT CLOSE No ChargeOVERNIGHT SUBMISSION IncludedMANUAL ENTRY OF 1003 Included

"Simplified Contract Processing"

Let VMP be your MVP!

Why Contract Processing

Virtual Mortgage Processing

Traditional In house Processing

Versus

*Every employee has a minimium of 10 years of direct mortgage lending experience.*Implement a "work smarter, not harder" strategy. *Virtual Mortgage Processing does not get paid unless you get paid. *Shorten closing cycles and get paid sooner with guaranteed daily file review. Mortgage Processing is all we do! *Contract Processing allows you to avoid advertising, hiring and training staff.•Decrease fixed labor costs associated with experienced in-house processors (payroll, benefit packages, bonuses, vacation and sick pay). Decrease office space requirements with contract processing. •Gain peace of mind for originator and borrower that loan is being handled by mortgage processors who are trained professionally and personally in confidentiality, quality control and compliance. We take contract processing seriously. •Market your services and keep in touch with past clients with holiday and special occasion mailings "Simplified Contract Processing"
*Salary is paid to in house processor regardless of production volume. *Health benefits and other fixed labor costs*Staff requires individual mangement time.

Let VMP be your MVP!

Faqs

Virtual Mortgage Processing

Faq's

Let VMP be your MVP!

Q, Why Contract Processing? Save Time and Money! In-house processors are expensive. With VMP, you cut expenses such as payroll taxes, worker's compensation, benefits, reduce the need for office space and equipment. With contract processing, lower fixed overhead expenses and only pay for what you use. Spend more time increasing sales and less time managing personnel.Q. Why Virtual Mortgage Processing? We take it personally! Your client is "our" client! No one will work harder to close the loan and make a good impression. Our years of experience in the mortgage industry have given us many tools to deploy. Even with the hiccups that can arise during underwriting, it is our goal to make the process smooth and seamless. Q. Are you local? Our office is located near Charlotte, NC, but your location doesn't matter because we are virtual! Our customers are located across the country. With today's technology, you will feel like we are in the office next door. Whether you are down the block or 500 miles away, we are only a phone call or mouse click away. The market is rapidly moving to fixed mortgage processing cost, let us be apart of your team.Q. Are there monthly minimums or long term contracts? No! Whether your business is booming or in a down turn, we can accomodate you. Just sign the Contract Processing Agreement that can be found on the Forms tab and we can get started. The Contract Processing Agreement simply defines our relationship and can be cancelled at anytime.Q. How do you get paid? We will bill you monthly for files that have closed. You only pay if the file closes. Q. Do you share or sell information? No! Virtual Mortgage Processing holds all information that it is trusted with in the strictest confidence. Q. Will I have a different processor for each loan? No. You will work with the same processors for all of your loans. These processors will quickly begin to feel like part of your team. Q. What is your turntime? New files are reviewed within 24 hours of receipt. Each file is reviewed daily to make sure that it is moving along efficiently. Every effort is made to get the file to closing quickly, because just like you, we do not get paid until the file closes. Q. How do I send the file and what documents are required for initial file review? It is up to you! Most originators send files via email or fax, but you are welcome to use mail or courier. To get started on your file, we will need a signed initial 1003, credit report, completed initial disclosures, access to the file in your origination software and a complete processing sheet, which can be found on the Forms tab. Q. What services do you not provide? We do not perform any licensed originator activities. The originator is responsible for selling the product, taking the application, disclosing fees and locking the loan. VMP never discusses or changes the terms of the loan. The originator is ultimately responsible for all disclosures and compliance timelines. Q. Will you contact my borrower? It is up to you. We will be glad to interact directly with the borrower. Most originators like us to do this as it frees up more time for them. However, if you prefer to be the main contact with your client, that is fine too. Q. Do I get a copy of the file after closing? Yes. You will receive all closed and withdrawn files for compliance review and storage. We can email the file to you and shred the paper file or we can return the paper file using your UPS or FED EX account number. We do not store loan files or keep client information for security reasons. "Simplified Contract Processing"
Forms

Virtual Mortgage Processing

Let VMP be your MVP!

Mortgage Processing Forms

VMP Processing Cover Sheet.xlsx

VMP Client Basic Contact Information.xlsx

Contract Processing Like Never Before!

Slide Presentation

VMP_LOAN_PROCESSING_AGREEMENT.pdf

Testimonials

Virtual Mortgage Processing

"Our Clients Are Our Best Advertisement"

Testimonials

“In short, if you want increased efficiency and people that care about what they do - then I strongly encourage you to consider Virtual Mortgage Processing. Our loan officer productivity went up with the implementation of their services.”

--- Kurtis Nesselrotte – Production Manager – Main Street Home Loans

Contact

Virtual Mortgage Processing

"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change" – Charles Darwin

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Address32 North Main StreetSuite 305Belmont, North Carolina 28012Telephone1.704.829.0095Fax1.704.405.0570Emailadmin_virtualmortgageprocessing.com

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Thank You For Your Business

Mortgage Processing You Can Count On

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