Become an e-Close Partner
e-Closes have been around for years, but the lack of established investors prevented them from becoming the industry standard. As the leading investor in e-closes and e-notes, we at Mid America Mortgage offer delegated and non-delegated correspondent channels to support widespread adoption of e-closes. And we are looking for partners.
The Benefits of e-Close Partnerships
- Closing time reduced to 15 minutes
- Consumers can view closing package online prior to closing and can sign all but a few documents online
- Realtor/Builder often paid at closing
- Mid America Mortgage, Inc. can instantly view documents and underwrite in under 2 days
- Dwell time of 2 days or less
- Capital requirements as low as $50,000 for brokersgoing-banker
- Operational lift: no trailing docs, and no missed signatures
- Lower shipping costs
- Lower chance of repurchase
We Are the Investor
For years, the one missing piece to implementing e-closes has been lack of investors. We at Mid America fill this gap with delegated and non-delegated correspondent channels, so you can start e-closing today.
- We underwrite each file in 1-2 days.
- You have access to our underwriters, and we have no overlays.
- If you meet agency requirements, we will buy the loan.
- After you lock a loan and we give you the clear-to-close, you have a guaranteed buyer on the second day after borrower funding.
- Any problems will be resolved as a partnership.
- We offer a variety of products for government and conventional loans.