A processor who takes a loan application from the borrower's paperwork to the underwriter's desk.
What they do
- Collect and verify the financial and personal information the file needs
- Evaluate credit reports and financial statements to assess risk
- Calculate debt-to-income and the other ratios the decision rests on
- Resolve discrepancies with the borrower before the file moves
- Prepare and submit the application to underwriting
Works with
Borrowers and your underwriters.
