What Does The Processor Do? when it comes to my real estate purchase

Extremely Important role in getting your loan to closing on Time.
They are part of the Team.

Loan Officer – Collects the Initial Information.
Processor- Takes it over once in contract
1. Review all documents that have been provided by the client
2. Title, Appraisal, Flood Cert, Home Owners Insurance– is that all ordered?
3. Submit file to Underwriter
4. Work with client to clear all needed items with the Underwriter
5. Third party verifications- Employment, IRS transcripts, SSN validations, VOM’s VOR’s etc.
6. Submits file back to Underwriter for CTC
7. Orders the Closing Disclosure- Stay on track for your closing date in working with the Title
company and the closing department

Take away,
They will be involved in the process until the end…
BE Patient – you want the processor to like you. the easiest way is supplying the information is a timely
manor

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Видео What Does The Processor Do? when it comes to my real estate purchase канала MoellerandBarber RealEstateTeam