Loan Processor how-to
How to Build a Complete Mortgage File
Complete files close faster.
Quick answer
Complete files close faster. In short: use; collect; collect, then complete the remaining steps below.
Step by step
Use a checklist.
Collect pay stubs and W-2s.
Collect bank statements.
Verify employment.
Order appraisal and title.
Review before submitting.
Safety reminders for loan processors
- Protect borrower data
- Follow fair lending laws
- Prevent wire fraud
- Follow TRID timing
Key terms
Pipeline · Conditions · Clear to close · VOE · Appraisal · Title commitment: see the full loan processor glossary.