Mortgage Loan Processor Checklist Template

The home loan checklist the guardian mortgage checklist va loan document checklist minimum insurance worksheet.

Mortgage loan processor checklist template. We will outline all the major steps needed to be completed by a loan processor in order to ensure a successful loan package. Mortgage processing is the term for all the steps the loan professional takes to complete the. Loan processing for afn. The loan officer should not burden the processor with the duty of trying chapter 1 the duties of the loan processor.

Mortgage lending process flow charts and workflows can be used to improve operations in areas like sales loan origination loan servicing and risk management. It is mandatory for all loan officers to make sure that all files are complete prior to submission to processing and follow this loan officer document checklist. Post now on job boards. Each lender will follow roughly the same steps when assessing your application.

Mortgage processor checklist template applying for a home equity loan is similar but easier than applying for a new mortgage. Afn is a direct lender with delegated authority to underwrite and close conventional fha usda va and alt qm products in house. Ii that the loan options included a a loan with the lowest interest rate b a loan with the lowest interest rate and which does not contain negative amortization a prepayment penalty a interest only feature a balloon payment in the first 7 years a demand feature shared. While there are variations to these steps depending on your employer local and state laws and others the following guide will still serve as a good checklist in any loan processing environment.

The purpose of this manual is to provide basic operating information that will support your success as an afn loan processor. The loan officer if there is one performs the role of field underwriter. Up and down arrows will open main tier menus and. Any home owner can apply for a home equity loan.

This mortgage loan processor job description template is optimized for posting to online job boards or careers pages and easy to customize for your company. Left and right arrows move through main tier links and expand close menus in sub tiers. A mortgage processing checklist ensures that all the lenders requirements for the loan are met. However he or she should work with the processor to determine what information is needed prior to submitting a loan to an underwriter.

Welcome to american financial network afn. Read more on opsdog about managing and improving mortgage operations with process modeling.