Loan Fulfillment Services
Fulfillment Services
BMG’s comprehensive fulfillment services empower our clients to operate efficiently without the burden of costly, complex back-office operations. We manage every step of the closing process, from clearing pre-closing, closing, and funding conditions to handling CD reviews and approvals, wire ordering, funding, and trailing document monitoring. We also take care of clearing stipulations and deficiencies, as well as shipping and stacking the closed loan package. With BMG handling the details, our clients can stay focused on what matters most: growing their business.
Our Process
Step 1: Export loan-level data to BMG
Our partnership with LendingPad makes it easier than ever to submit a request to BMG.
Step 2: BMG Receives Request
File assigned to a BMG closer who sends closing instructions and page count to the lender and title company.
Step 3: Initial Closing Disclosure
If BMG prepares, then BMG’s closer sends out the initial CD and page count then begins balancing with the lender and title company.
Step 4: Funding Package & Final CD
Once balanced, BMG releases docs if MI certification and clear to close are issued.
Step 5: Request Wire from Warehouse Bank
BMG will forward lender the wire breakdown.
Step 6: Funding
BMG requests full package at funding. BMG reviews it and any outstanding clear to close conditions then BMG monitors original docs and ensures submission to the warehouse bank.
Step 7: Delivery of Executed Closing Documents
Sent to investor within 24 hours of funding.
Step 8: Post-Closing
BMG monitors reports daily for any updates to loans under review by investors.
Step 9: Obtaining Purchase Advice
Obtain Purchase Advice and Upload to Warehouse Bank
Step 10: Final Docs
BMG follows up and requests recorded deed of trust or mortgage and final title policy. Once received, they are sent by overnight mail to the investor.
Call Us
Principal Office
Shawn Black is the attorney responsible for this advertisement.