what do mortgage loan processors do?
I'm interested in learning more bur need to know what all the job consist of. Please go into detail if possible Thanks
Asked By: jaeleeamari2904 - 4/16/2009
Best Answer - Chosen by Asker
You interact with the loan originator, the borrower, the underwriters and the closing team... More
Answered By: Rush is a band - 4/16/2009
Additional Answers (3)
A lot more than people think. The processer takes the initial application from the loan officer- they collect income docs, bank statements, order appraisal, title search, pull credit etc. Then they enter the info into a loan originators software to figure the loan to value & the debt to income. If there are problems... More
Answered By: Beverly S - 4/16/2009
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Answered By: Manuel - 4/16/2009
A loan processors job might differ depending on the company and it's policies... More
Answered By: loanmasterone - 4/19/2009
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Other Career Questions
My loan officer is hardly at the office and is always calling me do submit files to underwriting but 1003 are not even completed. Is it ok if i prepare them. Or is this the loan officers job.
How are they generally paid? Salary, Commission, per loan?
I know 2 people who are morgage loan processers..can someone explain to me what exactly that is?...they both have great houses and good money....how much does that job pay? i need 2 make really good m...
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