Carrington Wholesale

brokerIQ

LOAN PROCESSING SERVICE HELPS YOU CLOSE MORE LOANS WITH EFFICIENCY

ProcessIQ is a service we offer to expand your loan processing capabilities for time-intensive loans such as those with low FICO scores, high debt ratio, or alternative income documentation requirements.

Move complicated Non-QM, full doc FHA, VA, and USDA loans through your pipeline with ProcessIQ.

After submission, our committed team of experts takes the lead to process the loan directly
with the borrower to process the loan as part of our underwriting. Your Loan Officer manages all the licensable activities like they do today, but we handle everything else!

PROGRAM HIGHLIGHTS

  • For Non-QM, full doc FHA, VA, and USDA loans only
  • A first-rate experience for you and your borrower
  • You will be kept in the loop every step of the way
  • No expensive Third-Party Processing Fees
  • Only $200 added to our already low Underwriting Fee

ProcessIQ Fee Schedule

Note: Underwriting fees can be “bought out” and moved into pricing instead of charging directly to the borrower.
*Conventional and Government Stream/IRRRL loans are not eligible for ProcessIQ service.

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