A mortgage loan processor gathers, prepares, and submits relevant information to evaluate a potential loan applicant’s creditworthiness and eligibility for commercial loans or real estate loans. Loan processors meet with applicants to understand their loan product needs and liaise between applicants, real estate agents, financial institutions/ lending institutions, lending underwriters, and mortgage loan officers. They verify and evaluate loan documentation such as debt-to-income ratios, credit reports, credit history, income sources, and property documents to prepare and submit detailed loan applications and loan file packages. Most mortgage processors work at a lending institution office.
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