As part of our bundled services package, ISGN offers complete contract processing services for mortgage Brokers and Correspondent Lenders. Making the decision on whether to outsource your processing functions can sometimes be difficult. But, we're here to make it easy. Outsourcing to Tradewinds has many immediate and long-term benefits including:

	Eliminating the constant and costly cycle of recruiting, hiring, training and retaining quality processors
	Reducing errors by using a processing service dedicated to keeping current with regulations and reporting requirements
	Shortening closing cycles so you get paid sooner
	Reducing overhead costs with less employees, salaries and benefits
	Always having a dedicated, full-time staff working on your files

Outsourcing allows you to focus your efforts on what you do best – originating loans – and ISGN will take care of the rest. And, as part of our bundled services package, ISGN can take your loan from processing to closing to end-investor purchase (for Correspondent Lenders).

Contract Processing Functions

As part of our service, ISGN requires the following from the Broker or Correspondent Lender on each loan before it is submitted to us:

	Complete Loan Submission Form
	Completed loan application
	Signed disclosures (can be ordered by Tradewinds)
	Borrower's docs – credit, good faith estimate and borrower's authorization
	Lender name and program

Once ISGN receives the information listed above, we will:

	Immediately e-mail originator notifying them of receipt and name of processor assigned to file
	Issue preliminary "needs" list to originator (via e-mail) and borrower (via mail)
	Order appraisal and title
	Order payoff and subordination agreement (if necessary)
	Verify disclosures are accurate and complete
	Review credit report, bank statements, pay stubs & W-2's
	Submit loan package to lender
	Clear lender conditions
	Contact hazard insurance company for new mortgagee clause
	Prepare fee sheet for review by broker, then submit to lender
	Coordinate closing schedule

Send to ISGN Mortgage Document department to draw docs and manage closing (additional service)

The total estimated closing cycle for files averages between 15-19 days. Services can be ordered via e-mail or fax and electronic files are accepted from most origination systems including Genesis, Byte, Calyx, MortgageWare and Encompass.