The borrowed funds loan processor chip is the results of you, the loan officer and your underwriter. And he otherwise this woman is probably the most important member of the https://www.clickcashadvance.com/installment-loans-ma/ team.
- Of a lot processors bring your application and that means you don’t have to fill out versions
- Processors eliminate most of the pieces together – they could buy unlock escrow, appraisals and you can checks, remove credit reports, make sure your revenue and you will file the property
- Processors submit the application bundle and you will follow through for the requests regarding the fresh new underwriter
The brand new National Relationship from Financial Processors claims, The key function of the loan Processor will be to guarantee the quick and you may direct packaging of all money started by the loan officers. [Read more…]