Peoples Processing is a DBA of Direct Mortgage Corp, a mortgage banker licensed in multiple states that conducts wholesale and correspondent business. Peoples Processing is in the business of providing, among other services, mortgage loan processing services.

Peoples Processing is a member of the Mortgage Bankers Association and regularly participates in events all across the country.

The processing business was acquired from Peoples Bank & Trust in 2018 and is successfully expanding the business to multiple states and clients.

Peoples Processing brings together an unmatched blend of talent and experience in the industry.

Security

Peoples Processing specializes in helping net branches and brokerages process their mortgage home loans in the shortest possible time enabling mortgage brokers to focus on what they do best.

The Peoples Processing Advantage


  • Fastest processors of FHA, conventional, USDA, VA and Reverse Mortgages
  • 24 x 5 operations
  • Immense mortgage industry expertise
  • No frills, we have a SIMPLE pricing model
  • Multi state footprint

Security


  • We use 128 bit encryption
  • Centralized Antivirus for all desktop. Automatic patch release to desktops.
  • Perimeter level protection using Sonicwall Firewall with intrusion detection, Gateway Antivirus
  • Unique processor login ID (audit trail).
  • Automatic backup of files to NAS.
  • Internet Access with redundancy and automatic failover.
  • Surveillance Cameras, Access control system to data center and operations areas
  • Access to Communications Center allowed only for authorized staff.
  • Sonicwall Firewall with 3DES encryption
  • Amazon Web services
  • Focus IT
  • We can work out of your Calyx/Encompass/Byte/ Mortgagebot

21.200 (c) At physical office, and on its website, a mortgage banker or an originator shall conspicuously post the following notice:

Figure:7 TAC $81.200(c)

“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT  FORM TO THE TEXAS  DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705.

COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.