Buying A Home
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Loan officer question & advice

This might not make since but who is the loan officer? We have a Loan Consultant and a Loan Processor. Is that one of them? We Signed a contract and sent all our info to the consultant and our stuff went into underwriting and it says that our processor would call us with-in a few days. We are trying to close by the 30th of this month. It is a new home. Any info would be great. Thanks
Anniversary

Re: Loan officer question & advice

  • Well you didn't say what the problem was, but if you need to talk to one of them, my guess is that the consultant is probably the one who deals with customers and the processor handles the back-end paperwork.
  • There isn't really a problem I just didn't know who was best to go to if there was a problem. Everyone said keep on your loan officer to close on time, and I didn't have a loan officer so I was confussed. Thanks for the information.
    Anniversary
  • Your loan officer is the person who originated your loan. Essentially, the salesperson. A processor (which is what I am) will contact you to get necesary documentation to get the loan in and out of underwriting, and generally works in conjunction with the underwriting department.

    However, my company has a VERY stringent policy that the loan officer is the only point of contact for the borrower. So some of this may vary from lender to lender.

Sign In or Register to comment.
Choose Another Board
Search Boards