Currently, the standard loan application process looks like this.

The broker sources loan, collects information, verifies data, arranges valuations and credit checks. Completes all paperwork and handles the processing. Then has to deal with all the paperwork back and forth from the Lender.

With the loanPack loan application process, the broker is responsible only for sourcing the loan and gathering the basic loan application data.

loanPACK completes all required information, verifies data, arranges credit checks and valuations, handles all required processing and packages the loan according to the lender requirements.

loanPACK effectively acts as a personal assistant to the broker, allowing mortgage firms to concentrate on building business, not dealing with paperwork difficulties.