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The processor's job is to prepare your file for presentation to the underwriter and to gather all required documentation. He or she must make sure all proper documentation is included, that all numbers are calculated correctly and double checked, and that everything is stacked in the proper order.
What else can I help you with?
Can a loan processor approve a home loan?
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
Where can I go to get loan processor training?
Mortgage Loan Processor Training School - Loan Processing www.loanprocessortraining.org/ Go there and you can take free training. this is a very cheap site.
Do you have to go to college for a loan processor?
no
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 the difference between a loan officer and a loan processor?
A loan officer is the initial point of contact to start a loan. They will gather all the information from the borrower and discuss various loan programs offered. The loan processor takes all the information and verifies through documentation in order for the loan to go be passed off to an underwriter who will make the decision to approve or deny the loan.
What is the salary of a loan processor?
Around $32,000 annually depending on your experience and location
Does it matter how cheap your processor is for your computer is?
Yes it matters. if you want to use a computer for graphics then you need a fairly large processor. if you want to do games you need a big processor. if you want to upgrade your OS someday then you need to have a good processor. Also, the size of your processor effects your speed.
If you install a new processor do you need new chipsets?
Usually, yes. But that depends on how similar the processor is to your old processor.
How much does a loan processor make in state of ma?
my sources tell me between 5 and 40 dollars
How do you get ex boyfriends name off joint auto loan?
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
What are some available home loan jobs in the current job market?
Some available home loan jobs in the current job market include mortgage loan officer, loan processor, underwriter, and loan closer. These roles involve helping individuals secure home loans, reviewing loan applications, assessing creditworthiness, and finalizing loan agreements.
How much money does a junior mortgage loan processor earn in California?
They can amke $1,900-$2,400/month on average
