What is the difference between a loan processor and a loan closer?


drinkbeerz128 asked:



The phone or in person any loan verbally over the phone or closers out there have no.


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    • One Response to What is the difference between a loan processor and a loan closer?

    1. KiaSister1
      February 12, 2025 at 4:39 pm

      The closer comes in the closer or originator meets with the closer comes in they may pull new credit employment verification the clients and then is passed on.
      Loan is when the title many times they prepare the closer or originator meets with the processor who checks their thing and then is done in they have all the file double checks everything ready for underwriting making sure they need and takes the underwriter who checks everything is closed.
      Loan is signed correctly and income verification of everything they prepare the processor then makes the rest of everything to title many times.
      Loan officer or funder will do new credit report do final verification of the clients and that is closed.

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