Benefits 
- Increase the number of loans you close
- No need to
recruit, hire and train processors
- Receive current status updates throughout the entire loan
process
- Increase profits by eliminating the cost of employee salaries, taxes, benefits, vacations
and sick pay
What We Do For You
- Submit your loan by email (or fax for manual entry) and we will upload directly into our Calyx Point mortgage
loan software.
- You will be contacted to confirm we have received your loan package, processing
submission form and supporting documentation. Any items missing from your file will be addressed with you at this
time.
- We will open title and escrow of your choice, or place an
order on your behalf with our title and escrow company affiliates. This will ensure demands are ordered immediately.
- Your file is prepared to be submitted to the lender. The processor will follow-up with the lender to confirm the
loan was received and delivered to underwriting for a timely approval.
- Once the underwriting
decision is received, we will provide you with a copy to confirm the loan parameters are correct. Loan conditions that need
to be satisfied will be reviewed with you at this time. You will be responsible for contacting your borrower(s) for the requested
items they need to provide, unless other arrangements are agreed upon.
- When the file is clear
to close, a fee sheet will be provided to prepare the doc order. We will follow-up with the lender to confirm the loan documents
arrive to escrow as scheduled.
- Once escrow has received the loan documents, we will provide
you a copy of the Settlement Statement (HUD-1) for your review to verify the loan figures before the borrower(s) sign.
- Confirm with the lender they have received the signed loan documents back in their office to be checked in for funding.
- Verify the wire is received by title/escrow to ensure prompt disbursement of loan funds.
The broker (loan officer) is responsible for selecting the lender, loan program, pricing and
locking the interest rate.
Star Loan Processing submission requirements are:
- Star
Loan Processing submission form
- Complete loan application
- Good Faith Estimate
- Signed Borrower(s) Authorization
- Signed
loan disclosures (if available)
- Credit report
- DO/DU/LP
approval or pre-qual (if available)
- Purchase Agreement (purchase
only)
