CALIFORNIA LOAN PROCESSING
Is California a Title State or an Attorney State?
California closes through escrow, escrow officers serve as the neutral third party handling document preparation and fund disbursement, rather than attorneys or traditional title companies.
Do You Need a License to Outsource Loan Processing in California?
No additional licensing is required on your end as a broker or loan officer. California regulates loan processing companies separately, often under a real estate corporation license endorsement, and Hancock maintains the appropriate licensing to operate in the state.
Is California a Community Property State for Mortgages?
Yes. California is one of nine community property states. If a borrower is married, the non-borrowing spouse will generally need to sign certain mortgage documents even if they aren't on the loan itself.
Hancock Processing Services in California
Is Hancock Processing licensed to process loans in California?
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Yes, Hancock maintains the required licensing to operate in California.
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What Loan Types Does Hancock Process in California?
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Conventional, Non-QM, and DSCR loans are all common, and loan amounts in California, particularly in higher cost markets, are frequently above the conforming loan limit, which can affect jumbo and Non-QM volume specifically.​​​​​
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Does Hancock process high balance or jumbo files in California?
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Yes, processors working California files are experienced with higher loan amounts and the documentation that comes with them.