A liaison between the loan officer and the funder of a loan. The processor's responsibility is to meet all of the pre-funding conditions of a loan including, gathering all documentation and the clarification of information.
The person, employed by the broker, who, after your loan application is taken, gathers all the documentation to meet the guidelines of the specific loan program you have selected.
An employee at a mortgage company responsible for collecting documentation from borrowers and banks. Their duties include the gathering of income information, mortgage verifications/payoffs, homeowners insurance, ordering appraisal and title or any other conditions that a lender requests to facilitate the closing of a mortgage loan.