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"It's exactly like an assembly line," said the loan processor in that office.
A former loan processor, Guerrero knows all about that, although so far she has been able keep her house.
He was laid off from his job as a loan processor when the real estate market started to tank.
But the loan processor said not all files are subject to that level of scrutiny in the Charlotte office.
This pressure to produce is spelled out in company e-mails to loan processors that were obtained by msnbc.com.
I have computer and network training and have been working as a mortgage loan processor.
"There was one file where they weren't even past due and they were in foreclosure status," the loan processor said.
The loan processors were generally paid $500 for assisting in obtaining the loan.
Janette on her previous career as a loan officer: I was a senior loan processor.
They owned a house until Gus Sr. lost his job as a mortgage loan processor.
THE housing agency has already started hiring 150 lead-paint inspectors, workers and loan processors.
Persons with poor credit ratings are usually the key targets and once the 'loan processors' receive your money, they usually disappear.
Zaragoza, a loan processor at the Nissan dealership down the street, has watched weekend car sales slip from 90 to 25.
The second largest U.S. bank is cutting bankers and loan processors in commercial banking offices scattered around the country, sources said.
"A.T.&T. employees were sending letters and cards and flowers to loan processors.
Svinth recalled, "One of the loan processors told me the other day, 'The buyer is in tears.
Ten of his co-conspirators — including a lawyer, an appraiser and a mortgage loan processor — have pleaded guilty.
Kathryn Card as a loan processor (uncredited)
And losing one's temper with the loan processor's secretary, it seems, has no impact whatsoever on Fannie Mae's underwriting requirements.
His mother is a loan processor at the Prosperity Mortgage Corporation in Virginia Beach.
Creekmore, Nita, 84, retired Wells Fargo loan processor, died Friday.
Allen Bryan, 61, of Carlsbad said he lost his job as a loan processor at Union Bank in September.
Locating the original document could require ordering it up from a storage warehouse in a different location, which "would probably take you forever," said the loan processor.
Heather Lockman, who works as a loan processor at Security Auto Loans, was skeptical at first about the new plan.
Named in the felony indictments were mortgage brokers, loan officers, loan processors, attorneys, accountants, an appraiser, and a banker.