The company provides highly qualified,
customer-centric processing talent, easy-to-use technology, and
access to an extensive list of supported lenders and loan products
to help customers get fast, effective results.
BOCA
RATON, Fla., July 9, 2024
/PRNewswire/ -- Since the company's acquisition in 2020,
wemlo® has helped hundreds of brokers across
the United States increase
productivity, manage bigger pipelines, and grow their businesses by
providing a flexible, effective option for third-party loan
processing. Now, wemlo is celebrating a milestone in its brand
growth, recently processing its 6,000th loan to Clear to
Close (CTC) status.
"Reaching the 6,000th CTC milestone is very exciting
for the wemlo brand because it validates the benefits our
third-party processing services provide mortgage brokers," said
Chelsea Balak, vice president of
operations at wemlo. "It's also a massive testament to wemlo's
team of processors who work hard to serve as a seamless extension
of their brokers' teams and provide the best customer service
experience possible from submission to closing."
The brand, which has repeatedly been recognized as a National
Association of Mortgage Brokers (NAMB) Service Partner of the
Year for mortgage loan processing, strives to offer
unparalleled service with industry-leading offerings to help its
customers get effective results, fast. In fact, according to ICE
Mortgage Technology the industry's average time to get a loan
from submission to closing was 44 days as of March 2024, while the company's internal data
shows the wemlo processing team has cut that time nearly in half
with an average of just 23 days since the start of the
year.
"I've been a wemlo processing customer for over a year now and
am continuously impressed with the service they provide," said
Lindsey Clarac, loan originator at
Motto Mortgage Select in Houston,
Texas. "The team of processors we work with are extremely
efficient and communicative, and their deep knowledge of the loan
process is invaluable. They make my job easier and make me look
good by providing a smooth transaction for our borrowers. I would
100% recommend wemlo for all your loan processing needs."
"Working with the wemlo processing team has been an amazing
experience for myself and my business," said Tomas Rodriguez, mortgage broker and branch
manager at Team USA Mortgage. "I
am very particular when it comes to how my loans are being managed
and processed - wemlo is the only processing team that I trust.
They provide outstanding service to my customers. Their
communication is the best!"
The wemlo team is trained and highly proficient in more than a
dozen loan products from over 30 leading wholesale
lenders including Conventional, FHA, Jumbo, VA, USDA, Second
Mortgage, Non-QM, DSCR & Bank Statement, Specialized Borrower
Down Payment Assistance loans and down payment assistance,
Manufactured Home and Construction loans, plus VA IRRRL, ITIN,
203(k) and FHA Streamline loans. The company is consistently adding
new supported lenders to its roster to further expand service
offerings and support its broker partners.
The processing company is currently authorized to do business in
47 states, plus Washington, D.C.
For a full list of states and product support information, visit
www.wemlo.io/powerhouse. Visit www.wemlo.io for more information or
to schedule a 1:1 meeting with the team today.
About wemlo
wemlo® NMLS #1853218, is a
technology-focused mortgage loan processing company that is
reshaping the mortgage broker channel. It developed the first
service for mortgage brokers, combining third-party loan processing
with an all-in-one digital platform. Its product is marketed and
sold to mortgage brokerages and loan originators across the
country. wemlo is a subsidiary of RE/MAX Holdings, Inc., which
includes RE/MAX®, one of the world's leading franchisors of
real estate brokerage services, and Motto Mortgage®, the
first-and-only national mortgage brokerage franchise brand in the
U.S.
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SOURCE wemlo