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What is the difference between a loan officer and a loan processor?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
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What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
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.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
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.
What is the difference between credit officer and loan officer?
credit officer assesses the capacity to pay of the client. loan officer extends loans to the assessed cleint
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
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.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
How much does a loan processor make in state of ma?
my sources tell me between 5 and 40 dollars
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
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
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
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.
How much money does loan officers make?
A loan officer earns between $35,360 and $69,160, sometimes with a little less, like $48,830, and sometimes with a little more, like $98,280. It usually depends on what type of loan officer you plan to be and how good you are.
What is the difference between a car loan?
how do interest rate calculated in a car loan finance by chase bank
