NavPros provides several loan delivery options to best support a lender’s needs.  These options provide flexibility on what resources are needed, how loans are funded and ultimately how loans will be serviced.  Lenders may use different loan delivery options for specific loan products to assist with the risk management of niche loan programs.  Loan delivery options include:

LenderAdvocate ™

NavPros’ LenderAdvocate ™ program allows Lenders’ staff members with very limited mortgage experience to complete the data collection process for a loan application using our advanced technology.  Applications can be taken via a Point of Sale (POS) system that guides an applicant or the Lenders staff member on loan information requirements.  Our team members assist with streamlining the applicants experience by providing loan eligibility, pricing validation and lastly validation of the file documentation requirements directly with applicants.  Our team of experts then complete the back-office fulfillment services for loan processing, underwriting and closing for one of the many loan programs we offer.  Loans are funded by us and the Lender receives compensation disbursed by the settlement agent at loan closing.  This channel allows a Lender to leverage our team members, for all activities except the loan application step.

Wholesale

This channel allows Lenders to originate loans from their existing Point of Sale System (Online application) or Loan Origination System (LOS) and upload the file to NavPros secure Business to Business (B2B) web portal.  The web portal then uses automation to define required documentation and missing information and provides Lenders with the ability to upload missing file data.  Alternatively, Lenders can use our private labeled POS or LOS to collect the application and supporting documentation.  In both options we can provide Agency AUS sponsorship, initial disclosures and fulfillment services for processing.  The loan approval and closing process is supported by us and is coordinated directly with the borrower.  Loan funding is completed by our team and the Lender receives a fee disbursed by the settlement agent at closing.  In this channel the Lender can select what staff, services and tools best meet their needs to support their portfolio and expanded salable loan program objectives.

Correspondent

Lenders use their own existing Point of Sale System (Online application) and Loan Origination System (LOS) to originate and process the loan.  The file is submitted to NavPros online Business to Business (B2B) portal to complete the loan approval and closing process.  Final Disclosures and the coordination of final conditions can be coordinated by either party depending on the lenders resource availability.  Loan Funding is completed by the Lender and NavPros purchases the loan file once the settlement package has been received.  Lenders are paid from the proceeds of the loan purchase.  This channel lets Lenders expand their loan product offering with the most onsite control and requires the Lender to have additional staffing resources.

To learn how Navigator Lending Solutions’ Strategic Partner services can be tailored to meet your mortgage lending needs, contact us today at 727.536.2000. A knowledgeable representative will be glad to speak with you.