A loan processor works with your loan officer to make sure your financial profile fits the lending guidelines of the program you selected. They collect paystubs, W-2s, and bank statements in order to submit an application to underwriting. They also request written verifications, order title work, work with the underwriter to clear conditions and help prepare your loan file for closing. In addition, they are responsible for working with the title or escrow company to collect information about the property. Loan processors should have excellent written and verbal communication skills, the ability to work with strict deadlines, good interpersonal and customer service skills, time management and organization skills and experience with mortgage loan software programs. I’m Stewart Brown, a licensed Mortgage Loan Originator in Palm Springs, California here to simply topics in Real Estate and Mortgage Lending. Please, like, share, follow and subscribe!
