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As a loan originator, what are my responsibilities?

April 26, 2017loan Originator responsibilities

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As a loan originator, what are my responsibilities?

1 Answer

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Posted

Take the loan application, pre-approve the loan, select the loan program, and lock a loan. Once the buyer/s sign the sales contract (purchase transaction), send us the calyx point file of 1003 by email in “brw” extension and fax us the signed 1003, disclosures, credit report, sales contract, loan lock confirmation, DU / LP findings on prime loan or loan pre-grade from lender, and the completed loan processing form. Once we receive the file, we will acknowledge the receipt of the file by calling you within 24 hours and start processing.