Our Motto is
"Know Before You Go"
Pre-Purchase Mortgage Counseling may be thekey
to open the door to your Home
Our mission and goals are two-fold
Our primary goal is to encourage and increase homeownership in demographics that pay high and rising rents. Our Pre-Purchase Mortgage Counseling 1-on-1, has note-worthy differences. We take the Consumer steps further. Prior to taking the loan application, the Consumer get to “see themselves” through the lens of the decision makers (the lender), so that they can successfully navigate the 4 critical steps in the process:
Loan Application
Pre-Approval
Final Loan Approval
Loan Closing
Every year under the Home Mortgage Disclosure Act (HMDA) financial institutions report data on Mortgage Lending. This data is normally shared on Consumer Finance Protection Bureau (CFPB) website, annually. In 2021, approximately 148,000 pre-approved mortgage loan applications were denied, or the initial approval was not accepted. 38.6% of the denied loans were home purchases (Conventional loans). Although these loans were initially approved, they did not close. Imagine how disappointing this must have been for the families, Sellers, and Realtors.
source: https://www.consumerfinance.gov/data-research/hmda/summary-of-2021-data-on-mortgage-lending/
Our Mortgage Counseling service is a focus driven opportunity for serious minded individuals and families to accomplish their goal of homeownership. The ultimate goal is to minimize mortgage decline levels in communities that need these services the most.
Supportive Services for Mortgage Professionals
Secondly, but equally important, we provide Mortgage Processing and Supportive Services to mortgage professionals; which are designed to mirror and maximize the reputation and earning potential of Mortgage Brokers, Lenders, and Realtors. Files move smoothly and timely through their pipelines. Mortgage Professionals are given direct sight of their pipelines from start to finish, via our secured portal. Regular updates are given to Applicants, Lenders, and their Partners (Realtors, Builders, Investors, etc.) to ensure timely file submissions for both home purchases and refinances.
What We Offer
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Remain in Control
(Pre-Purchase)
Mortgage Counseling Services
The attributes of our Pre-purchase Mortgage Counseling service consist of 4 key elements. All of which are vital to realize a smooth transition to homeownership. In comparison it’s like taking that final look in the mirror before walking out the door.
The 4 Key elements:
1
Take the mystery out of the process, to eliminate intimidation and promote clear steps.
2
Remove the industry jargon; offer plain interpretation, in layman terms.
3
Give clear understanding of expectations for all parties (consumers included).
4
Preparation: consumers can go to their mortgage application appointments prepared with relevant questions and documentation.
Teamwork makes the dream work
Processing Service
Mortgage Professionals: Mortgage Brokers, Loan Officers and Realtors have very good strategies and systems in place to generate new business. However, you may not have the resources and / or time to monitor and move files through your pipelines as timely as you would like. It has been forecast that homeownership is going to increase in 2022 and 2023. This is an excellent time to increase your capacity and optimize your potential, while minimizing your overhead. Depending on your choice of services, file updates can be a few clicks away (via access to our portal). Your Realtor partners can have access as well
Communication is another key point.
Support Services
Workshop and Seminars
Loan Process Solution, LLC sponsors interactive seminars and workshops. Consumers will have opportunity to ask questions and get answers. Presently, we are offering FREE seminars that are available to the General Public.
To join a free seminar, go to YouTube and type “Loan Process Solution LLC” in the search bar. The topics range from the Loan Application process through Loan Closing and everything in between.
So, bring your questions. We are looking forward to meeting you there. Sessions are available 24/7.
Availability is important.
Our YouTube Topics
brief overview
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Why do lenders Ask for so much?
The loan process can be stressful, especially when you just do not understand the logic behind it. This topic makes it plain; it gives light to the reason lenders ask for so much.
101
Credit Freeze or Fraud Alert, what is the difference?
It is important to protect yourselves against fraudulent activities. This topic gives details about both options. Instructions and contact information is also shared.
401
Paystubs tell more than you know
Did you know that paystubs tell a story? What do your pay stub say about you? In this topic you will have an opportunity to walk through a sample paystub. The bottom line is … it’s not only about how much you make, but how much of your income is “really” available for a mortgage payment.
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