Welcome to Capital Processing

Your solution for outsourced mortgage processing

Below are the processing services offered by Capital Processing. Each service is a starting point to a fully scalable processing solution based on your individual needs. In addition, all fees are billed as a processing charge to the borrower on the HUD, and paid directly to Capital Processing by the settlement agent. There is no cost to you. And best of all, we only get paid if your loan closes!

Basic Service: Capital Processing Responsibilities Approval - Initiate contact with lender - Follow-up on underwriting and obtain approval and conditions - Clear lender conditions - Review all signed Disclosures - Review all supporting documents - Order Appraisal, Title, Payoffs and Subordination agreement (if applicable) - Order Verifications - VOE, VOR, VOM, VOD Clear to Close - Obtain CTC from lender - Complete Broker fee sheet - Fax the same to you for approval - Send approved BFS to lender Closing and Post Closing - Schedule closing with all parties - Review HUD1 draft for numbers - Make required corrections / changes to HUD1 - Ensure closer has all instructions from the lender - Ensure file is closed and funded - Ensure all parties are paid - Prepare Post closing package *Submissions to lenders beyond the initial lender (re-submissions) will be subject to additional fees.

Standard Service: Capital Processing Responsibilities File opening / Initial processing - Review signed 1003 and .FNM file - Prepare Final 1003 - Review all signed Disclosures - Review all supporting documents - Order Appraisal, Title, Payoffs and Subordination agreement (if applicable) - Order Verifications - VOE, VOR, VOM, VOD Submission - Initiate contact with lender - Complete submission forms and submit the file for underwriting Approval - Follow-up on underwriting and obtain conditions -Clear lender conditions Clear to Close - Obtain CTC from lender - Complete Broker fee sheet - Fax the same to you for approval - Send approved BFS to lender Closing and Post Closing - Schedule closing with all parties - Review HUD1 draft for numbers - Make required corrections / changes to HUD1 - Ensure closer has all instructions from the lender - Ensure file is closed and funded - Ensure all parties are paid - Prepare Post closing package *Submissions to lenders beyond the initial lender (re-submissions) will be subject to additional fees.

Premier Service: Capital Processing Responsibilities File opening / Initial processing - Review signed 1003 and .FNM file - Prepare Final 1003 - Search Lender Database for a better rate/product - Run DU/LP/lender engine, and upload file to lender - Review all signed Disclosures - Review all supporting documents - Send additional required docs list - Order Appraisal, Title, Payoffs and Subordination agreement (if applicable) - Order Verifications - VOE, VOR, VOM, VOD Submission - Initiate contact with lender - Complete submission forms and submit the file for underwriting Approval - Follow-up on underwriting and obtain conditions - Clear lender conditions Clear to Close - Obtain CTC from lender - Complete Broker fee sheet - Fax the same to you for approval - Send approved BFS to lender Closing and Post Closing - Schedule closing with all parties - Review HUD1 draft for numbers - Make required corrections / changes to HUD1 - Ensure closer has all instructions from the lender - Ensure file is closed and funded - Ensure all parties are paid - Prepare Post closing package

Premier Processing is our newest feature. In the current rapidly changing marketplace, Premier Processing offers you the security of knowing that even if the lender you choose changes guidelines or even closes their doors, your loan will find a home. It includes everything you find above with the following additions:

- Upon receipt of your loan file, Capital Processing will search its database of lenders to determine if there is a better rate for your loan. If a better match is found, we will submit the loan to that lender (in addition to your original lender) free of charge.

- If a loan is declined or fails to fund, Capital Processing will search both your currently approved lenders as well as the entire Capital Processing lender family to find a new rate or product that meets your needs. We will then submit the loan to the new lender free of charge.

- In the event that the best lender for your loan is not on your list of approved lenders, Capital Processing will refer an Account Executive to your office for expedited approval.