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Depends on a few things, but figure somewhere around $25k on the low side and somewhere around $75k on the high side. I'm pacing to do about $68k this year with one year in the business. A lot of mortgage companies will pay you by each file that you get to the closing table. I process about 230 loans a month, if that gives you any idea. Work hard, get paid... it's a volume business just like many others.
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Can a loan processor approve a home loan?
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
What is the difference between a loan officer and a loan processor?
A loan officer is the initial point of contact to start a loan. They will gather all the information from the borrower and discuss various loan programs offered. The loan processor takes all the information and verifies through documentation in order for the loan to go be passed off to an underwriter who will make the decision to approve or deny the loan.
Where can I go to get loan processor training?
Mortgage Loan Processor Training School - Loan Processing www.loanprocessortraining.org/ Go there and you can take free training. this is a very cheap site.
How much money does a junior mortgage loan processor earn in California?
They can amke $1,900-$2,400/month on average
How much does a loan document signer make?
How much a loan document signer makes varies depending on the company. As of 2014, some make upwards of 30,000 per year.
How much does a loan processor make in state of ma?
my sources tell me between 5 and 40 dollars
Can a loan processor approve a home loan?
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
What is the difference between a loan officer and a loan processor?
A loan officer is the initial point of contact to start a loan. They will gather all the information from the borrower and discuss various loan programs offered. The loan processor takes all the information and verifies through documentation in order for the loan to go be passed off to an underwriter who will make the decision to approve or deny the loan.
Where can I go to get loan processor training?
Mortgage Loan Processor Training School - Loan Processing www.loanprocessortraining.org/ Go there and you can take free training. this is a very cheap site.
Do you have to go to college for a loan processor?
no
Where can someone find a loan processor?
A loan processor is a person who monitors the administrative work behind loan applications. Typically, loan processors specialize in handling certain types of loans, such as mortgages or car loans.
How much money does a junior mortgage loan processor earn in California?
They can amke $1,900-$2,400/month on average
How much money does a donor processor earn?
how much does a donor prodessor make
How much does a stock processor make at Macy's?
starting off at $8/hr
How much does a loan document signer make?
How much a loan document signer makes varies depending on the company. As of 2014, some make upwards of 30,000 per year.
What is the salary of a loan processor?
Around $32,000 annually depending on your experience and location
How much money does a meat processor make?
Go go go i dont know
