FRANKLIN BANK ACCESS LENDING DIVISION - OUR METHODOLOGY
Back Office Functions

In the last few years, the opportunity to outsource selected back office functions to well-qualified, third-party service providers at a reasonable cost has greatly improved. Many successful mortgage bankers are choosing to outsource as a way to reduce risk, add predictability to loan level costs and reduce personnel hassles. If you are making the transition from broker to banker, you should seriously consider outsourcing some or all of the following things you must do as a banker but were not required to do as a broker:

	Drawing documents and closing and funding loans, including calculating the wire request sent to Franklin Bank's Access Lending Division
	Shipping credit package to investor (in their required stacking order) and instructing the Access Lending Division to ship the original Note
	Getting loans insured/guaranteed (if FHA or VA)
	Pre-funding quality control (e.g. verbal VOE on date of funding)
	Observing compliance and regulatory items like HMDA reporting and 1098 interest statements sent to borrowers

	Fiscal Management and Operations
	Correspondent Investors
	Secondary Marketing
	Mortgage Banking Insurance Coverage