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Loan Producer’s Responsibilities

Question: 
What does a loan producer do at the bank?
Answer: 

Loan producers typically ensure that all relevant info is entered correctly into the document preparation software. Information may include the borrower, property address, and other important details. Entering this information correctly into the doc prep software generates appropriate forms and documents for closing. Loan producers also inspect the loan file for accuracy.

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Continue reading about loan producers.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 04/04/2021

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