Bank Partner Service

Opportunity for regional/community banks who want to offer a full array of mortgage products to their customer base without the cost of maintaining an origination platform and staff.

Bank Partners
Originator
Agreement

Allows Bank to earn a
negotiated fee up to 1%
of the loan amount.

Bank must have a
corporate NMLS license.

Originator Bank must complete 5 of the below.

Take information from borrower and complete initial application.
Analyze borrower’s income and debt; prequalify.
Educate of the home buying process.
Collect financial information.
Provide disclosures to the borrower.
Order VOE’s and VOD’s.
Order mortgage and other loan verifications.
Order appraisals.
Order inspection/engineering reports.
Maintaining regular contact with the borrower and related parties.
Order legal documents.
Determine if property is in a flood hazard zone.
Participate in the closing.

Electronic Interface

Applications submitted via an EMC application link or application found on the bank maintained website which interfaces with EMC Loan Origination System (LOS) directly.
Bank can utilize EMC LOS for applications, thus eliminating the need/cost of purchasing and maintaining their own LOS.
LOS systems allows for electronic transmission of all documents.
EMC handles mortgage regulated compliance such as TRID & HMDA
EMC provides required disclosures, underwrites, and funds the loan.
EMC offers access to multiple, pre-approved service providers.
Appropriate fee paid to the bank monthly based on closings.

Staffing

Banker role as the Originator.

Initiates the application, uploads data via a website and completes the required steps from the Bank Partner agreement for the bank to earn a fee.

EMC’s dedicated support staff provides the LO liaison, training and assistance throughout the origination process.

The team is built on relationships and will remain your dedicated team on every loan every time.

EMC’s dedicated team also provides:

Co-Branded marketing materials (Based on bank requirements).
Training to Lenders and teller/bank staff as appropriate.
Required disclosures when loan application received.
All compliance reporting for HMDA.
Post-closing and follow up responsibilities.

Product Array

FNMA/FHLMC conforming conventional products.
Government insured products; FHA/VA/USDA.
Non-conforming jumbo products.

Daily Pricing and
Pipeline Protection

Daily rate sheet provided offering multiple product options.
Lock terms of 15,30,45 and 60 days.
Lock extensions available at a cost of .125% per 7 days.
EMC assumes all risk associated with locked pipeline.

Monthly Reporting
and Accounting

Bank provided with monthly reports.

Existing pipeline.
Funded report.
Detailed analytics available including loan type, customer data, fallout/rejection rate, referral source.

Accounting

Bank is paid Lender Compensation once a month.
EMC provides monthly loan level reconciliation.

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LEGAL | PRIVACY POLICY

EUSTIS MORTGAGE IS AN EQUAL OPPORTUNITY EMPLOYER THAT WELCOMES AND ENCOURAGES ALL APPLICANTS TO APPLY REGARDLESS OF AGE, RACE, SEX, RELIGION, COLOR, NATIONAL ORIGIN, DISABILITY, VETERAN STATUS, SEXUAL ORIENTATION, GENDER IDENTITY AND/OR EXPRESSION, MARITAL OR PARENTAL STATUS, ANCESTRY, CITIZENSHIP STATUS, PREGNANCY OR OTHER REASON PROHIBITED BY LAW.