What is the responsibility of mortgage loan processor to the client?
I believe that I am not getting proper communication with my mortgage broker corp or my loan officer. Which is time sensitive since I am dealing with HUD.
Answers:
Well you have need of to know what HUD says here are their links:
HUD Borrower rights and responsibilities of Mortgage Servicer: http://www.hud.gov/offices/hsg/sfh/res/r…
Fair Housing brochure: http://www.hud.gov/offices/fheo/FHLaws/F…
The HUD-1 closing costs form explained: http://www.alta.org/consumer/hud1.cfm
HUD consumer complaints: http://www.hud.gov/offices/hsg/sfh/res/r…
All HUD handbooks: http://www.hudclips.org/sub_nonhud/cgi/h…
Lots of research but the results should afford you the knowledge you need to discuss the issues next to your mortgage broker.
Buena Suerte Source(s): http://www.realestateformnm.com
communication between processor and loan officer is a key to close the loan in time sensitive situation. surrounded by my company my processor never talk to costumers- he only go beyond the message to the loan officer .every day i got e-mail from my processor to up date me on my files, so i know where on earth we are with each report, he also report to the broker in case somebody ring up and need the status of the loan. i don't know what's your job is, but i prefer my processor to don't homily with anybody. it is my job. i also if he is enormously busy help him to do processing , but i only do what he ask me to do, not what i have a feeling i will do. i just don't want to mess up his system he works to close the deal. we within my office treat our loan processors like kings, because in need them - we are nothing.
it is a team work and approaching i said before- communication is very important.
Related Questions:
Does anyone know of a mortgage company that'll bequeath me a loan even though I chock-full ruin 8months ago ?
I need a mortgage company that will not charge an outrageous interest rate and that can work with a housing program contained by Ohio custom mortgage solutions from vorhees new jersey,your rate will be...
Answers:
Well you have need of to know what HUD says here are their links:
HUD Borrower rights and responsibilities of Mortgage Servicer: http://www.hud.gov/offices/hsg/sfh/res/r…
Fair Housing brochure: http://www.hud.gov/offices/fheo/FHLaws/F…
The HUD-1 closing costs form explained: http://www.alta.org/consumer/hud1.cfm
HUD consumer complaints: http://www.hud.gov/offices/hsg/sfh/res/r…
All HUD handbooks: http://www.hudclips.org/sub_nonhud/cgi/h…
Lots of research but the results should afford you the knowledge you need to discuss the issues next to your mortgage broker.
Buena Suerte Source(s): http://www.realestateformnm.com
communication between processor and loan officer is a key to close the loan in time sensitive situation. surrounded by my company my processor never talk to costumers- he only go beyond the message to the loan officer .every day i got e-mail from my processor to up date me on my files, so i know where on earth we are with each report, he also report to the broker in case somebody ring up and need the status of the loan. i don't know what's your job is, but i prefer my processor to don't homily with anybody. it is my job. i also if he is enormously busy help him to do processing , but i only do what he ask me to do, not what i have a feeling i will do. i just don't want to mess up his system he works to close the deal. we within my office treat our loan processors like kings, because in need them - we are nothing.
it is a team work and approaching i said before- communication is very important.
Related Questions:
Does anyone know of a mortgage company that'll bequeath me a loan even though I chock-full ruin 8months ago ?
I need a mortgage company that will not charge an outrageous interest rate and that can work with a housing program contained by Ohio custom mortgage solutions from vorhees new jersey,your rate will be...