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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.

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12y ago

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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.


Do you have to go to college for a loan processor?

no


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.


How do you get out of a used car loan?

To get out of a used car loan, pay off the loan or find someone else who will do that.


Where can someone find information on loan trading?

One can find information about loan trading from a variety of places. Vining Sparks and the Loan Syndications and Trading Association provide information about loan trading.


Where could one find an auto loan calculator?

If someone wanted to find an auto loan calculator there are a variety of places where someone can find one. Some of these places are Tesco Bank and Bank Rate.


How do you find out that someone got a payday loan in your name?

You get a bill.


Where can someone find a simple loan calculator online?

Someone can simply find a loan calculator online such as using Google or Bing. The calculators will show up automatically and they are easy to use for everyone.


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.


How can I find someone to cosign a loan for me?

To find someone to cosign a loan for you, consider asking family members, friends, or individuals with good credit and financial stability. Be sure to explain the responsibilities and risks involved in cosigning a loan. It's important to choose someone you trust and who understands the commitment they are making.


How can I find a cosigner for a car loan?

You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.


Where can one get a loan or find a loan shark for someone who has very poor credit and is in desperate need?

probably in the ocean if you really want to get killed by a loan shark