Magnet provides prompt, predictable and consistent underwriting decisions to its clients, which are vital in today’s fast paced mortgage lending industry.  Magnet’s underwriting capabilities are available for all types of loan products, including Government, Conventional and Commercial loans.  By utilizing Magnet’s underwriters, Magnet’s clients increase loan production capacity, streamline documentation requirements and manage volume swings.  Furthermore, Magnet specializes in assessing levels of loan risk, determining leverage of underwriting flexibilities and tailoring specific loan terms for each borrower based on risk profiles.

Magnet Portfolio Processing, Inc., which does business under the name of the "Processing Center" (the “Processing Center”), is a licensed New York State mortgage broker and sister company to Magnet Portfolio Services, Inc.  The Processing Center specializes in mortgage loan processing, satisfying the demand for independent, professional, out-sourced services.  Demand for such services have grown as a result of the increasing complexity of mortgage products, tighter time constraints and the liability of late and inaccurate new loan submissions.

The Processing Center has established a “Private Label Processing” service for its clients.  In connection with such service, the Processing Center prepares, and delivers, fully documented loan packages for its clients in a timely andaccurate manner.  The Processing Center ensures that each package meets all applicable guidelines and documentation requirements.  The Processing Center then creates accurate asset trails for each package. 

Private Label Processing permits a client to maintain its name recognition while accessing the most professional and knowledgeable processors in the mortgage industry.  By utilizing Private Label Processing, the client is able to tie processing costs directly to cost of sales, avoid downsizing and production bottlenecks and contain costs without sacrificing quality.   The Processing Center’s Private Label Processing can be utilized for all types of loan products, including Government, Conventional and Commercial loans.