FAQ
What Does a Mortgage Processor Need to Start a File?
To start a mortgage file, the processor needs the signed loan application (1003), executed purchase contract (for purchases), and initial document collection from the borrower.
Details
The Full Answer
- Signed 1003 (Uniform Residential Loan Application)
- Executed purchase contract (all pages, all addenda)
- 2 years W-2s or tax returns
- 2 months bank statements
- 30 days of pay stubs
- Government-issued ID
- Purchase price, property address, LOS access
CTC's Role
How CTC Processing Handles This
CTC Processing provides loan officers with a clean intake checklist. When you share your LOS access, CTC begins reviewing the file immediately and sends you a condition list within 24 hours.
Have more questions?
CTC Processing works with Colorado loan officers. Call 970-222-2615 or email ctcprocessingllc@gmail.com.
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