loan processor
Application review specialist
A loan processor is the person who handles the paperwork and verification steps between a loan application and its approval.
They gather documents, verify income and employment, order credit reports, and ensure the file is complete before it reaches the underwriter.
The loan processor called to request my last two pay stubs.
- mortgageSecured home loan
- approvalFavorable opinion given
- final approvalAuthorization that concludes review
- documentsFormal written records
- bank statementsRecords of account transactions
application · closing · closing costs · lender · bank · paperwork · verification · credit · credit check · debt ratio · income · escrow · title · appraisal · deadline · checklist · conditions · file