Correspondent Lending Workflow Template

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Overview: Correspondent Lending Workflow Template

This workflow template illustrates the sales of loans to correspondent lenders (i.e., banks, mortgage companies who close their own loans). Purchase and download this template in PDF, Visio (VSD) and PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand the Correspondent Lending process.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Correspondent Lending

What is included in the Correspondent Lending process?

The Correspondent Lending process involves the sales of loans to correspondent lenders (i.e., banks, mortgage companies who close their own loans). This process includes correspondent lender application processing (application submission and review), application approval/denial, loan registration training (for correspondent lender), and the subsequent processing of loans closed by correspondent lenders.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics may be used to measure the Correspondent Lending process:



Which employees and/or departments are involved in this process?

The following parties are typically involved in the Correspondent Lending process:


  • Commercial Loan Officer
  • Customer
  • Marketing Analyst

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio (VSD) and PowerPoint (PPT) formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Correspondent Lending

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PPT and Visio versions
    - Mapped in BPMN 2.0 format

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

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