What filing storage does a mortgage company or loan originator need?

Mortgage companies have some of the most document-intensive businesses in any sector. A single residential mortgage transaction involves hundreds of pages of documents — loan application, income verification, credit reports, appraisal, title, closing documents, and disclosure records. The Mortgage Acts and Practices regulations and RESPA require retention of most loan documents for 3 years minimum; secondary market investor requirements often extend this. A 4-drawer filing cabinet per loan originator handling an average volume is a starting point. For serviced loan portfolios, the volume is much greater — dedicated file rooms with high-density shelving are common in larger mortgage operations. Digital document management supplements but often doesn't fully replace physical record requirements. FindOfficeFurniture.com — call 888-719-4960.