Mortgage Loan Processing represents the
area where companies encounter the most difficulties. Having written
policies and procedures for mortgage processing allows managers to
identify quality control and process problems in before they become
post-closing issues.
Loans spend about 85% of their lifespan
in processing status. The processing function represents the most
critical stage involving loan document assembly. All other functions
interact with processing at one stage or another.
.
Topics
Position Description -
Duties and Responsibilities of the Mortgage Processor
AIR Compliance Process
Procedures for Loan Setup and Mortgage Quality Control Review
Disclosure Preparation
and Mortgage Compliance Review
Vendor
(Appraisal/Credit/Title) Order Process
Stack Order Checklists
Customer Contact Process
Status Update Process
Pipeline Management
Documentation
Requirements
Determining File Readiness
Pre-Submission Checklists
Underwriting Conditions Process
Closing Preparation Process
Pre-Closing Checklists
Schedule Management
Non-LOS
loan processing forms are
also provided to customize for your own needs.
Add loan plan
specifications, rate sheets or other documentation for your company
to make it more robust.
