The person who collects and organizes all the documents required by the lender to approve a loan
The loan processor has the important task of making sure that a lender has all the information needed to approve your loan, including your credit report, W-2 form, pay stub and signed loan application. The loan processor will also order your title insurance and arrange the property’s appraisal.
The processor works for either a lender or a broker.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Monday, June 12, 2006
