What is a mortgage loan processor?

Answer A mortgage loan processor is a key player on the mortgage lending team. Processing mortgage loans involves gathering and verifying information, organizing documents and working closely with lenders... Read More »

Top Q&A For: What is a mortgage loan processor

Is it better to get a shorter loan mortgage term or prepay on a longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon... Read More »

Is it Better to Get a Shorter Loan Mortgage Term or Pre-Pay on a Longer Loan?

There are many benefits to listed job descriptions. It makes it easier to fill the position and gives employees a clear description of what they would do on a day to day basis if hired. However, th... Read More »

Can I Get a Mortgage Loan Plus a Loan to Fix the House?

When you purchase a fixer-upper, you will need to have money to buy the home and cover costs of improvements. Many lenders will ask you to take two separate loans, a mortgage and a home equity loan... Read More »

What is the average salary of a loan processor?

As of November, 2009, the median salary for a loan processor working in the U.S. is approximately $34,782. Salary will vary depending on geographical location, years of experience, and employer siz... Read More »