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A residential mortgage loan originator is defined as an individual who for. A: If the loan processor or underwriter is a W-2 employee of a mortgage company.
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The mortgage loan processor works with many people involved in the. for a loan: the mortgage banker, the underwriter, the title company.
I’ve already covered the mortgage underwriter’s role, so let’s take a look at what "loan processors" do seeing that they’re also key to getting your loan closed in a timely fashion.. Once a loan is originated by the mortgage broker or loan officer, the corresponding paperwork is sent along to a loan processor.
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Tips and advice to navigate each step of the mortgage loan process.. out and sent to the title company (or attorney's office) where the closing.
Loan processing support services. mortgage lenders and brokers agree that mortgage loan processing is a painstaking and time-consuming procedure. It requires highly-trained underwriters (and a large support system) to work together to move a borrower’s application through the system and towards closing.
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