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• a person who acts as a liason between your Loan Officer and the Underwriter to help facilitate the flow of paperwork which takes you from loan application to loan closing. Verifies info in the file, orders appraisals, title searches, flood certifications, collects loan approval conditions, coordinates the closing instructions with the Title Company.

  State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition
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  Cite Definition for processor

  American Psychological Association (APA)

  processor. (n.d.). Consumer Credit Protection Glossary. Retrieved June 4, 2023, from website: http://www.expertglossary.com/definition/processor.

  Chicago Manual of Style (CMS)

  processor. www.maine.gov. Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. http://www.expertglossary.com/definition/processor (accessed: June 4, 2023).

  Modern Language Association (MLA)

  "processor." Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. 4 June. 2023 http://www.expertglossary.com/definition/processor.

• Browse Related Terms: Advance Fee Loan Scam, Conforming Loan, construction loan, Credit Service Organization, Cure, Debit card, Default, Escrow Account, Jumbo, Loan/Mortgage Broker, processor, Third Party Fees

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