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.
Personality types of a Mortgage Loan Processor
Each letter of DISC represents polar personality types with correlating behaviors and characteristics. Learn more about their strengths and weaknesses, how they communicate, and more.
Behavioral Qualities for a Mortgage Loan Processor
Behavioral qualities make people naturally act in a certain way. Utilize people’s natural behaviors and strengths at work.
- Methodical. Orderly and systematic.
- Poised. Composed and self-assured.
- Restrained. Controlled and conservative.
- Disciplined. Controlled and orderly.
Motivators for a Mortgage Loan Processor
Motivators are values that drive people. To retain passionate employees, place people in a role that utilizes their values.
- Economic: A utilitarian drive for results and maximal returns. To tend to the economic drive, give them opportunities to earn incentives for their hard work.
- Regulatory: A drive to maintain order and the status quo. To tend to the regulatory drive, provide clear work parameters and procedures.
- Theoretical: A drive to learn and gain new knowledge. To tend to the theoretical drive, give them time to learn new things.
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