Loan processing powerhouse wemlo® continues to make waves in the mortgage industry by providing brokers with a flexible, effective option for third-party loan processing. Today the company is reflecting on another impressive year of growth and spotlighting new industry initiatives that are making wemlo’s processing services even more accessible to the mortgage broker channel.
In 2024, wemlo welcomed 87 new mortgage brokerages to its roster and experienced a 5% year-over-year increase in Clear to Closes (CTCs) resulting in a nearly 17% increase in revenue compared to the previous year. Last summer, the company also celebrated a major brand milestone reaching its 6,000th loan processed to CTC status. Furthermore, the wemlo processing team averaged just 22 business days to get a loan from submission to CTC, blowing the industry average of 44 days* out of the water.
The wemlo brand continues to build momentum as brokers across the country experience the benefits of its third-party processing services. Most recently, wemlo was named a National Association of Mortgage Brokers (NAMB) Service Partner of the Year for mortgage loan processing for the third consecutive year. Now, wemlo is proud to announce that it has been named NAMB’s latest Industry Partner, providing its membership base with unprecedented access to one of the nation’s largest processing networks to help increase productivity, manage bigger pipelines, and grow their business.
To further expand its service offerings, wemlo added five new supported lenders to its roster in 2024 including Windsor Mortgage, Loan Simple Wholesale, NexBank, Union Home Mortgage, and GMFS Partners. To kick of 2025, wemlo was recently selected by Orion Lending, a leader in the wholesale mortgage lending space, to be one of the first companies integrated with its new Processor Partner program, an exclusive concierge service designed to enhance loan processing support for its customers.
In other news, wemlo’s corporate headquarters in Boca Raton, Florida, was recently appointed to Scotsman Guide’s list of 2025 Top Workplaces for the second consecutive year. The company has consistently been recognized as a top industry workplace, previously taking the gold ranking in the 2023 Most Loved Mortgage Employer Awards by National Mortgage Professional and named a 2022 Top Mortgage Employer by Mortgage Professional America. To explore career opportunities, visit wemloCareers.com.
“I truly believe that our greatest asset at wemlo is the strong team we’ve built and the collaborative environment we foster from within,” said Zabrina Suero, wemlo Director of Operations. “We are honored to once again be recognized as a top place to work in mortgage and I am so proud of the hard work and top-notch service our processing team provides our customers every day.”
The processing company is currently authorized to do business in 47 states, plus Washington, D.C. For a full list of states and product support information, visit www.wemlo.io/powerhouseVisit www.wemlo.io for more information or to schedule a 1:1 meeting with the team today.
Read the press release on PR Newswire here.