What Is A Mortgage Processor, And What Do They Do?
Author:
Victoria ArajApr 15, 2024
•4-minute read
A mortgage processor is responsible for assembling, administering and processing your loan application paperwork before it gets approved by the loan underwriter. They play a key role in getting your mortgage loan request to the final close.
If you’re currently planning on buying a home or you’re in the process of doing so, it’s important to know what the responsibilities of a mortgage processor are and what they’ll provide during the lending process.
What Is A Mortgage Loan Processor?
A mortgage processor sets borrowers up with the proper documents for the loan program they want to use. They guide borrowers through the first step of loan processing. Once the paperwork is finalized, the mortgage processor then passes the loan files through to the underwriter.