This question is about what a mortgage loan processor does and mortgage loan processor.

What does a processor do in a mortgage loan?

By Zippia Team - Nov. 17, 2021

A processor in a mortgage loan prepares an application and ensures proper paperwork and information before giving it to the loan underwriter. A processor is considered a liaison between the borrower and the underwriter.

The processor's main responsibilities include reviewing the application, verifying information, and requesting supplemental information. They typically gather reports from third parties like getting credit reports, home appraisals, and working with escrow companies.

So, a processor helps shape the application to the best it can be before it's given to the underwriter, who makes the final decision of approving or denying the loan.

What does a processor do in a mortgage loan?

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