As a Direct Lender, we underwrite, process, close and fund all of our mortgages right here in Orlando. To offer this exceptional speed and level of customer service, each R P Funding team member works on a reasonable number of files each month instead of being overloaded with backlog. As an example, most lenders require an underwriter to work on over 200 files per month which greatly slows down the process. We only require our underwriters to look at 50 - 60 loans per month, which allows them to finish files in 24 hours instead of 2 - 3 weeks. This also allows them to spend more time on each file and make the best loan decision. In Underwriting, the fastest answer to give is a "No" (Decline the File). Overloaded underwriters can often decline files that should have been approved just to meet their daily quotas! Not at RP Funding.
RP Funding has a team of exceptional staff members to help you through every step of the process. Each employee prides themselves in offering unbeatable customer service from your first phone call all the way to the closing table. The greatest benefit to being local is we save you days, if not weeks, by not shipping your file all over the country. Most mortgage companies have different mortgage functions located in different parts of the U.S.. This means you may meet with a loan officer in Orlando, who then ships your file to a Processor in California, who then prepares the file to be submitted to an Underwriter in New York, who then ships the file to the Closing department in Texas. Unnecessary shipping causes delays and wastes time and money. By providing all of these functions right here in Central Florida, we avoid these problems. At most other companies, your mortgage loan file would rack up some serious frequent flyer miles. Not at RP Funding.
* While not all loans can close in 10 days, RP Funding is able to accomodate borrowers in certain situations to meet critical deadlines and close in 10 days. Our average file closes in 20 - 30 days. It is important to disclose your complete financial background - everything from employment to assets to credit history - in order for us to help you close on your home as quickly as possible.