A mortgage industry service provider is offering to help mortgage brokers make the transition to mortgage correspondents.
Stewart Mortgage Information announced it now offers a host of origination and post-closing services that will assist mortgage brokers in upgrading to mortgage bankers.
The program, which Stewart says is a "one-stop, custom service and product bundling that provides exactly what a broker needs to transition to a mortgage banker," was developed to accommodate the wave of brokers entering the secondary market.
In addition to its traditional services, the Houston-based company said it can assist new mortgage bankers with warehouse lines and daily reconciliations, investor delivery and trailing document follow-up.
"We know there are many mortgage brokers out there who want to operate as mortgage bankers and gain more control of their business," said company President Kevin Gugenheim. "However, many of them lack the personnel and expertise to handle the required additional administrative workload necessary to gain access to a warehouse line."
Stewart Mortgage Information "can present or refer a myriad of warehouse and investor relationships that immediately provide best-in-class execution," Gugenheim added.