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The loan processor’s job also includes verifying information provided by the applicant. For instance, the loan processor may contact an employer listed by the applicant to confirm employment.
In the United States, loan officers held about 354,800 jobs in 2022. The largest employers of loan officers were as follows: [4] Credit intermediation and related activities - 82%; Management of companies and enterprises - 4%; Automobile dealers - 3%; The credit intermediation industry includes commercial banks, savings institutions, and ...
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2008 – FIS spins off mortgage processing and services into Lender Processing Services, Inc. (LPS). [4] 2008 – LPS acquires McDash Analytics, one of the largest loan-level mortgage performance databases, which becomes the basis for a new Applied Analytics division. [5] 2014 – LPS is re-acquired by FNF and renamed Black Knight Financial ...
An Adecco Staffing office in Thailand. Adecco Staffing, USA is the second-largest provider of recruitment and staffing services in the United States, [2] offering human resource services such as temporary staffing, permanent placement, outsourcing, career transition or outplacement. [3]
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Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example.
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