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What Do You Mean By Mortgage Processing Service?

valid until: 26 Sep 2023date published: 26 Sep 2022

Mortgage loan processing can be understood as a process of gathering and assembling all the documentation required to acquire a loan for a borrower. The procedure comprises looking over and confirming all the data on loan application. It also entails looking at appraisal report and property title report that provides the details on the state of the property. Once the documents satisfy the processor standards, they are forwarded to the underwriter for one last review before the loan is underwritten.

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What Do You Mean By Mortgage Processing Service?