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.
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
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.”