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What is a Mortgage Processor?
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24th Feb 2011 by admint
A mortgage processor is a financial advisor who usually work for banks, brokers, and other companies that offer loans. The processor verifies materials for a mortgage application such as income levels, child support, and credit history. He runs a credit check on a borrower as well and forward all these to an underwriter to know if a borrower is a good candidate for the loan.
A mortgage processor is a financial advisor who usually work for banks, brokers, and other companies that offer loans. The processor verifies materials for a mortgage application such as income levels, child support, and credit history. He runs a credit check on a borrower as well and forward all these to an underwriter to know if a borrower is a good candidate for the loan.
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16th May 2010 In Mortgage
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Subjects: mortgage processor,