What is Third-Party Mortgage Processing?
Third-party mortgage processors provide specialized services to lenders and brokers involved in mortgage transactions. Their primary role is to handle various administrative and procedural tasks throughout the mortgage process, from application submission to closing.
By outsourcing these tasks to third-party mortgage processors, lenders and brokers can streamline their operations, reduce costs, improve efficiency, and focus on core aspects of their business, such as customer relationships and strategic growth initiatives.
