Eustis Partner Service
Opportunity for regional/community Eustis Partners who want to offer a full array of mortgage products to their customer base without the cost of maintaining an origination platform and staff.
Eustis Partners Originator Agreement
Allows our partners to earn a
negotiated fee up to 1%
of the loan amount.
Partner must have a
corporate NMLS license
Originator Partner must complete 5 of the below.
- Take information from borrower and complete initial application.
- Analyze borrower’s income and debt; prequalify.
- Educate of the home buying process.
- Educate of the home buying process.
- Collect financial information.
- Provide disclosures to the borrower.
- Order VOE’s and VOD’s.
- Order mortgage and other loan verifications.
- Order appraisals.
- Order inspection/engineering reports.
- Maintaining regular contact with the borrower and related parties.
- Order legal documents.
- Determine if property is in a flood hazard zone.
- Participate in the closing.
Electronic Interface
- Applications submitted via an EMC application link or application found on the Eustis Partners maintained website which interfaces with EMC Loan Origination System (LOS) directly.
- Partner can utilize EMC LOS for applications, thus eliminating the need/cost of purchasing and maintaining their own LOS.
- LOS systems allows for electronic transmission of all documents.
- EMC handles mortgage regulated compliance such as TRID & HMDA
- EMC provides required disclosures, underwrites, and funds the loan.
- EMC offers access to multiple, pre-approved service providers.
- Appropriate fee paid to the Eustis Partners monthly based on closings.
Staffing
Eustis Partners role as the Originator.
- Initiates the application, uploads data via a website and completes the required steps from the Eustis Partner agreement for the Eustis Partners to earn a fee.
EMC’s dedicated support staff provides the LO liaison, training and assistance throughout the origination process.
- The team is built on relationships and will remain your dedicated team on every loan every time.
EMC’s dedicated team also provides:
- Co-Branded marketing materials (Based on Eustis Partners requirements).
- Training to Lenders and staff as appropriate.
- Required disclosures when loan application received.
- All compliance reporting for HMDA.
- Post-closing and follow up responsibilities.
Product Array
FNMA/FHLMC conforming conventional products.
Government insured products; FHA/VA/USDA.
Non-conforming jumbo products.
Daily Pricing and
Pipeline Protection
Daily rate sheet provided offering multiple product options.
Lock terms of 15,30,45 and 60 days.
Lock extensions available at a cost of .125% per 7 days.
EMC assumes all risk associated with locked pipeline.
Monthly Reporting
and Accounting
Eustis Partners provided with monthly reports.
- Existing pipeline.
- Funded report.
- Detailed analytics available including loan type, customer data, fallout/rejection rate, referral source.
Accounting
- Eustis Partners is paid Lender Compensation once a month.
- EMC provides monthly loan level reconciliation.
The Eustis team went above and beyond my expectations. I am totally satisfied with their performance.
John Lockett
We are here to support you with a full service of mortgage products to offer your customers.
Our Wholesale platform offers an easy-to-use technology stack for both the broker and the customer. Broker partners can link quickly to our internal portal to view the full active pipeline, with high level file status updates and the ability to click through to view greater loan detail. Brokers looking for a quick rate quote can use our Quick Pricer that offers real time access to rate scenarios. Our brokers and their customers are notified every step of the way through automation that alerts a change in status, keeping everyone fully informed throughout the process.
