Desert Docs Adopts Correspondent Incentives

Desert Document Services, Tempe, Ariz., has launched a promotion at the Western Regional Mortgage Brokers Conference in Las Vegas to make it easier for correspondents to draw documents and pass them on to their lenders and investors.Through the new plan, which expires Dec. 1, correspondents pay for documents as they do cell phone minutes in that they pay per use, but also have an extended contract. Desert Docs is also offering the correspondents three free months for signing a one-year contract. In this shrinking market, lenders are pushing more responsibilities to their correspondents to cut costs. Desert Docs said it has accommodated this market shift by migrating all its lenders and investors to a Web-based system that employs the principles of Delta Management. This strategy allows the vendor to pass on cost savings to the correspondent and, at the same time, better serve their lender and investor clients. The company can be found on the Web at http://www.desertdocs.com.