Loan Processor

Monday, December 30, 2013

Blog 11: Mentorship 10 Hours

Content:

1.   Where are you doing your mentorship?
Reviewing the overall process of how a loan gets approved. From finding a funder to a loan broker. Then getting an ESCROW company to approve the loan as a whole. Loan processors are the middle man persay that get all the info of the borrower and find the perfect match for them.

2.   Who is your contact?
Mariana Gonzalez - Source One Finance

3.   How many total hours have you done (total hours should be reflected in your mentorship log located on the right hand side of your blog like your WB)?   
40 hours 

4.   Summarize the 10 hours of service you did.
I just finished mentoring over the weekend and finished another 10 hours. I did 5 hours Saturday December 28th and then another 5 on Sunday December 29th. My mentor first started me off easy by shredding loans processed of 2009-2010. I'm beginning to shred 2010 because it is required by law to dispose of any loans processed that are older than 3 years old. This is just to ensure the safety of the applicants and to be sure that any information on the documents may have to be updated. Afterwards Mariana, my mentor, went over another loan process, but instead she let me take over a little bit more. She was "watching me like a hawk" because any mistake I would make she would correct me right away. It was the most intense 3 hours of my life besides SAT's. I did the same thing that Sunday as well, but just finished the loan paperwork.

5.   Email your house teacher the name of your contact and their phone number confirming who they should call to verify it.  

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