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Loan Processor Job Description. SmartAsset: What Does a Loan Processor Do? The main part of a loan processor’s job is to gather, examine and assemble the documents underwriting will need to ...
She turned to Kathryn Troutman, president of The Resume Place, ... Sample Resume: Loan Specialist for the Federal Government. Barbara Safani. Updated July 14, 2016 at 9:10 PM.
To help you do so, here are some of the main responsibilities of a loan processor. Loan processors gather your financial documentation. The most important part of their job is making sure all ...
Review loan agreements to ensure that they comply with federal and state regulations; Approve loan applications or refer them to management for a decision; Loan officers use a process called underwriting to assess whether applicants qualify for loans. After collecting and verifying all the required financial documents, the loan officer ...
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.
Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...