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They get a commission, often fromt the points charged but it can also be a kickback from the lending institution.

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โˆ™ 2006-04-17 04:33:57
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Q: How do loan processors earn money?
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Why do banks loan people money?

The banks loan people money because it is how banks earn money. The bank will loan out the money to people, and the people will have to pay back with interests so the bank will be making money by just loaning people money. That is why the banks owners get so rich. They will loan out money to a lot of people and they will put a high interest. When they get the money back, they will earn money without even doing any work.


How can you get money for a school loan if your parents earn too much money?

Did you mean financial aid? Pretty sure you can get a loan no matter how rich your parents are.


How much money does a mortgage loan broker earn?

They usually earn anywhere from 35%-75% of each loan transaction. In dollar amount you can potentially make anywhere from $1,500 up to $5,000 for each loan transaction.


How do bank earn money?

They receive the interest owed due to someone receiving a loan from you.


If you get a loan do you have to pay it back?

Yes. Because someone gave you money that you didn't earn and then you have to give them their money back so thaey have their money


Joan and Maria earn money by babysitting if Loan earns twice as much as Maria and the two girls earn a total of 40how much does Maria earn?

13.33


How can a teenage girl earn a lot of money fast so she can go to Anime Fest?

she can beg or get a loan


Is a bank loan an asset or liability?

It Depends:If you are the bank, then the loan is an asset because, the loan customer is going to repay you the loan amount with interest and you are going to earn an income from it.If you are the loan customer, then the loan is a liability because you are going to return the money along with interest to the bank that gave you the loan.


How much money does a junior mortgage loan processor earn in California?

They can amke $1,900-$2,400/month on average


How does bank earn profit?

The way banks earn money is basically a two-step process. First, banks borrow money from other banks as well as from their depositors. The banks then loan that money out to businesses and people, and charge them a higher rate of interest than they are paying on the money. Banks also earn money by charging fees for services they offer.


Which loans companies offer the best money options?

Loan Approval Direct offers the best money options for students in need. If you're a student with a bad credit Loan Approval Direct provides a variety of ways for students to earn loan for their education purposes.


How bank earns?

Banks earn money by holding money you put into the bank and using it to loan to others. They then collect interest from that to support themselves and to repay you back.


Resons for needing a loan by construction worker?

They cannot earn enough money which they can't full fill there lives properly....


How do you earn a loan?

by working hard


How do you earn money on wwwzodlercom?

Z - Ze O - Other D - Desperate L - Loan E - Emitter R - Random


Can you change your loan from a hard money loan back to a convetional loan?

refinance the hard money loan back to a conventional bank loan


What is loan renewal?

a loan renewal is a loan you already have and you need more money so you renew the that loan for more money


How can I get easy money online?

"It depends on if you would like to pay it back or not. You can always apply for a loan, request a pay day loan from numerous websites or apply for a credit card. If you would like to earn money, you can use a blog and advertise for Google AdSense to earn a few bucks. You can even try and work as a freelance writing for websites."


What are the duties of customer to their banker?

The duties of a customer to their banker is not only respect but also the confidence to deposit their money. The bank needs customers to deposit money so that they can loan more money out and in turn earn more money.


Where can someone find a loan processor?

A loan processor is a person who monitors the administrative work behind loan applications. Typically, loan processors specialize in handling certain types of loans, such as mortgages or car loans.


What is a non purchase money loan?

A purchase money loan is a loan usually used to buy a home. A non purchase money loan is a loan for other reasons where the lender does not know what is being bought.


Why do you pay 13 percent interest on a car loan but earn 1.5 percent on a savings account?

Because loan sharks have to earn an honest living.


A person who loans money?

there are several kinds of people who loan money. There are banks that loan, investors that invest, private money lenders who loan, hard money lenders etc.


Can a unemployed cosigner be used to buy a home?

No. There would be no reason to allow an unemployed person to co-sign a loan. A co-signer is required by the lender when the primary borrower has a poor credit record and /or doesn't earn enough money to pay the loan. A co-signer is fully responsible for paying the loan and guarantees the loan will be repaid. If they are unemployed they are not a good credit risk and would not be acceptable to the lender.No. There would be no reason to allow an unemployed person to co-sign a loan. A co-signer is required by the lender when the primary borrower has a poor credit record and /or doesn't earn enough money to pay the loan. A co-signer is fully responsible for paying the loan and guarantees the loan will be repaid. If they are unemployed they are not a good credit risk and would not be acceptable to the lender.No. There would be no reason to allow an unemployed person to co-sign a loan. A co-signer is required by the lender when the primary borrower has a poor credit record and /or doesn't earn enough money to pay the loan. A co-signer is fully responsible for paying the loan and guarantees the loan will be repaid. If they are unemployed they are not a good credit risk and would not be acceptable to the lender.No. There would be no reason to allow an unemployed person to co-sign a loan. A co-signer is required by the lender when the primary borrower has a poor credit record and /or doesn't earn enough money to pay the loan. A co-signer is fully responsible for paying the loan and guarantees the loan will be repaid. If they are unemployed they are not a good credit risk and would not be acceptable to the lender.


Is a bank a business?

Yes, Anytime you perform tasks to earn income, you're in business. Banks loan money and collect interest, they also invest customers' deposited money to accrue interest.