What We Do

PLP Mortgage Processing Group is a Contract Loan Processing organization that partners with Mortgage Brokers, Lender and Bankers throughout the United States. We excel in our proficiency and ability in delivering a very high level of quality through knowledge, customer service and professionalism throughout the Residential Mortgage Loan Process.

We are fully committed to exceeding your expectation by thoroughly processing your loans with a sense of urgency, accuracy and efficiency by drawing on decades of experience in interpreting and applying mortgage guidelines to minimize the amount of time it takes to clear your loan for closing.

In the dynamic landscape of today’s market, the decision to outsource your mortgage processing offers several compelling advantages over maintaining an in-house processing team. The high costs associated with hiring and retaining in-house processors, including expenses such as insurance, health care, vacation, and sick days, can quickly become a financial burden. Outsourcing presents a cost-effective alternative by eliminating these overhead expenses.

When you opt for contract processors, you not only save on fixed costs but also gain access to a pool of highly motivated professionals who are exceptionally well-educated and driven to ensure that your loans close on schedule. Their compensation is directly tied to your success, creating a mutually beneficial partnership that guarantees results.

Contract processors are particularly valuable during peak periods when your workload surges. They serve as an ideal solution for managing overflow, facilitating the swift funding of your loans, and providing vital support when you need it most. This flexibility allows you to maintain efficiency and meet your clients’ expectations, making outsourcing an invaluable resource for your mortgage processing needs.

Benefits of Partnership

Our mission is to work the same or better as the processor you would have in the house. Working as a team player with the loan officer, we can and will close loans quickly. For best results – this is how we like to work.

Extended hours of operation: We offer extended hours of operation to accommodate partners located in all U.S time zones.

Service Centered Values: It’s our pleasure to serve you; and we’re dedicated to providing that to our partners, by being a reliable resources for residential mortgage information.

Reduced turn-around time: Our well-designed mortgage loan process reduces turnaround times, and adds value to our Partner’s professional reputation and image.

Underwriter Processed: All loans are thoroughly reviewed and processed by an FHA DE, VA LAPP, and Conforming Underwriter.

Undivided attention: After loan origination, we take full ownership of your file all the way through the closing stage.

Our process:

Broker Email Processing Instructions

Refinance: Gather the following documents

Current mortgage statement
Current insurance declaration page
Copy of most recent two pay stubs
Copy of most recent two years W-2, 1040, and any business returns if applicable
Most recent two months bank statements on all accounts
Escrow/title information and fees

Review and Pre-Underwrite:

We will assess the provided documentation
Create a compliant loan package for the loan officer
Include a needs list for all required items to submit and close the loan

Purchase (in addition to above):

Include a copy of the complete purchase contract
Attach all signed and dated addendums
Provide escrow/title fees and contact information
If you own property, specify the status of the existing property

Direct Collaboration:

We engage directly with the lender, escrow, and borrowers (if preferred by the loan officer)
We ensure effective communication and coordination

Loan Officer Assistance:

The loan officer will collaborate with a designated processor
Aim for the highest level of individual attention to the loan process

At our company, we prioritize Tailored Processing by actively collaborating with our clients to understand their preferred style of processing. We adapt our approach to meet their specific needs, ensuring a personalized and efficient experience. Additionally, our commitment to Team Collaboration means that we work as key team players, demonstrating extreme professionalism and knowledge throughout the entire process. This collaborative spirit extends to Efficient Job Completion, where we seamlessly work together to ensure tasks are completed efficiently and effectively.

Our Services

As an MLO, you want to dedicate your time to counseling your client on the best loan options available for their financial situation and to reach their goals. Our expertise lies in handling the documentation and loan processing. Learn more about our mortgage processing services.

Fees & Terms

Fees are collected at closing, and PLP Mortgage Group waives the processing fee on transactions that do not close.

Fees are determined by loan type, and PLP Mortgage receives payments at closing.