Posted by MDNotary on 11/23/07 3:03pm
Msg #222608

Independent/Contract Loan Processors

Happy Holidays!

I recently moved to Georgia from Maryland and in the state of Georgia, you have to be an attorney to notarize mortgage documents. I had a great side business in Maryland and now would like to become an independent loan processor. Does anyone have any information on certifications, sites/directories like this one for loan processors and information on starting a business as a loan processor?

Please let me know! Thanks!

Sherri M.

Reply by Loretta Reed on 11/23/07 3:10pm
Msg #222610

Never heard of an independent loan processor. Every one I know is employed by the lender.

Reply by SShoreDude on 11/23/07 3:27pm
Msg #222611

Grapevine

Mortgage Grapevine is all I have found. Its very impersonal, and LARGE. There are loan scenerios posted and I don't quite know how it all works, I am not that involved in that world. But you can check it out. www.mortgagegrapevine.com

I also PM'ed you.

Reply by Sherri McDonald on 11/23/07 3:42pm
Msg #222615

Re: Grapevine

Thanks so much. I replied to you via email.

Reply by Ilene C. Seidel on 11/23/07 4:51pm
Msg #222623

I didn't think you can work indepentently as a processor.

Reply by Jacqueline Dyson on 11/24/07 12:04am
Msg #222661

Goggle NAMP-National Association of Mortgage Processors. This is a rewarding field both personally and financially. Good luck!

Reply by CARID on 11/24/07 8:47pm
Msg #222730

I know several brokers I work for have a independent contractor for their loan processor. They have been doing it that way for years. They get paid on a per loan bases.