Loan processor

What happens for a loan processor?

• The brief for a loan processor is one person, not a roster.
• You write that brief before anyone is approached.
• Three finalists are introduced for a loan processor.
• You interview them and you choose.
• You pay the person you select directly.
• There is no monthly markup on the wage.
• If a loan processor leaves within six months, we search again.
• That second search is not a refund.
• Shared hours for a loan processor go in the brief.
• Name the software required on day one.
• Onboarding covers the first 30, 60 and 90 days.
• Time tracking can be set up after the start.
• A call line with SMS can be part of setup.
• Messaging tools are recommended for the team.
• You arrange payment for a loan processor yourself.
• Contract guidance stays general and simple.
• It is not a substitute for your own adviser.
• Discovery starts with the bottleneck in the business.
• The role is written before sourcing begins.
• Applicants are screened before you meet anyone.
• References are checked on the shortlist.
• About 21 days is the target to three finalists.
• That timing is a target, not a promise.
• The deposit opens the search.
• The balance is due when you select someone.
• Remote staffing is another name for this hire.
• A dedicated offshore hire is the offer.
• Outsourcing the queue still leaves you as the manager.
• The person joins your team, not a shared floor.
• Clients also compare a one-time fee with a monthly markup.
• The published fee covers the search for a loan processor.
• Wages for a loan processor are agreed by you.
• We do not employ a loan processor for you.
• You keep the relationship after you select.
• The shortlist for a loan processor is three people.
• Each finalist for a loan processor is interviewed first.
• You can reject the shortlist and talk again.
• The brief for a loan processor names the output.
• Hours you share with a loan processor are written down.
• Tools for a loan processor are listed before day one.
• Month one is for learning the queue.
• Day 60 is when a loan processor runs the queue.
• Day 90 is a simple review of results.
• A replacement search is the guarantee.
• Read the guarantee terms before you rely on it.
• a loan processor can take on this: Build the pack against the lender checklist.
• a loan processor can take on this: Chase missing statements, ID and signatures.
• a loan processor can take on this: Log the date each document arrived.
• a loan processor can take on this: Flag a mismatch instead of editing the figure.
• A useful skill here: A checklist.
• A useful skill here: Document chasing.
• A useful skill here: No credit decisions.
• A useful skill here: Accurate data entry.

How a search works

Process

1. 01

   Agree the brief

   Agree the tasks, tools and hours

2. 02

   Search

   We search and assess candidates

3. 03

   Shortlist

   About 21 days to three finalists is a target

4. 04

   You choose

   You interview them and you choose