Mortgage Processing is the process of documents collection, analysis and evaluation, and processing of loan applications of the borrower.
This includes the preparation of credit and appraisal reports by performing credit check interviews and eligibility verification, as well as writing and finalizing contracts.
Mortgage Processors act as mediators between the borrower and the lender for timely processing and approval of loans. They examine applications, determine the eligibility of the applicant’s loan or mortgage, and inform the borrower of the loan status, and other rules and obligations.
Mortgage Processing is an important in preparation of on-time mortgage loan request approval to the final close.
Connext Global Solutions offers excellent Mortgage Processing Solutions.