The Ten Biggest Processor Mistakes

A loan processor has a critical role in the home loan process. Consequently, it is often the processor who makes or breaks the deal. This burden of trying to be all things to all people, can sometimes result in mistakes. A dynamic processor should have a set of guiding principles to help keep the proper focus. Here are ten big mistakes that you will want to avoid:

1. Being dishonest about the status of a loan. A seasoned LO knows all of the ways to confirm activity on a file. A review of DU findings, a look at the lender