Going Direct Saves You Money!
Look at the savings you can enjoy by using Direct Mortgage.
Cost savings are only some of the benefits of Going Direct. Contact broker support to find out more. Call 800-924-3884 or email email@example.com.
To calculate potential savings based on the number of loans you close in a month, click here.
|Item||Other Lenders||Direct Mortgage Savings Description||Number of Loans||Using Someone Else||Using DMC||Savings|
|DU Costs||Pay for Your own DU||Never manually input DU information again. Plus, DU runs are FREE.*||5||$15.00||$0.00||$75.00|
|Overnight/Courier Fees||FedEx, UPS or DHL||With our paperless submission process, you not only save on the cost of sending your loan and conditions to us, but you also get immediate delivery and confirmation.||5||$30.00||$0.00||$150.00|
|Printing Supplies||Hard File – Fax File||With no need to print your documents, you’ll not only save money, you won’t need to worry about making FedEx in time! Hey, you might even make it home in time for dinner with the family.||5||$3.00||$0.00||$15.00|
|Paper||Hard File – Fax File||Why not go green – and save a few green backs while doing it?||5||$2.00||$0.00||$10.00|
|File Storage||Hard File in Filing Cabinets and/or 2 year Storage Fees||With our electronic full file storage, all your loans are available to you on demand, electronically–even after the loan closes! Which means you save office space! Maybe could put another processor or loan officer in the space you save! With enough space savings, you could perhaps reduce the size of your office!||5||$15.00||$0.00||$75.00|
|Lock Time||30 – 60 day Locks||We close loans fast, allowing you to select a shorter lock and make more money. Just submit a complete file and your loan can close within a 12-day lock period. That could earn you 0.125 to 0.25 more compared to a 30-day or 60-day lock.||5||$250.00||$0.00||$1,250.00|
|Float Down Option||No Float Down||With Direct Mortgage’s float down option, you could save hundreds of dollars on just one loan a month!||0.5||$500.00||$0.00||$250.00|
|* No Charge for DU Runs as long as you have an acceptable pull through percentage of funding loans with Direct Mortgage.
**To calculate your own estimated monthly savings, use our interactive savings form located on our website at www.directmortgagewholesale.com/loan-savings.xls . To find out more, call your account executive.
|Total Potential Savings!||$1,825.00|