Mortgage Loan Processing For Dummies

Mortgage loans go through four distinct but interrelated processes during the loan approval process. Mortgages always start with the origination phase. This is the application phase of the process.

The person who does the mortgage loan processing is known as a mortgage loan processor. Mortgage loan processor is a person who actually does the mortgage processing activities. The mortgage loan processor does the job of reviewing the credit reports of the mortgage buyer along with verifying the borrower’s credit history in terms of debts and.

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What to Expect with the Mortgage Refinance Process – – A mortgage refinance means using a new loan with a lower rate to pay off a higher rate existing loan. If a refinance of your mortgage seems like the right decision for you, it is important to know the steps of the process.

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Loan Processor – The loan processor’s job is to prepare your mortgage loan information and application for presentation to the underwriter. The loan processor will ask you for many documents, including documents about your income, your employment, your monthly bills and how much you have in the bank. In addition, the loan

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