Mortgage Loan Processor

Mortgage Loan Processor job summary

Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; apply today!

Mortgage Loan Processor responsibilities

• Interview prospective loan applicants and assist them in finding the best loan products for their needs
• Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application
• Order property and loan documentation such as appraisals, inspections, title searches, site surveys, contracts, and property tax records to help process mortgage loan files
• Prepare and submit detailed loan packages to the lender underwriting department for approval or denial
• Act as a liaison between applicants, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to help further loan approval
• Ensure loan files meet lending and regulatory guidelines and policies
• Maintain detailed documentation of the process in our system - from origination to close

Mortgage Loan Processor qualifications

• High school diploma or GED required - Associate’s degree in accounting, finance, or business preferred
• Minimum of 2+ years loan processing experience required
• Experience in mortgage lending and knowledge of loan types, such as FHA, FHLB, FNMA, or VA loans required
• Must have excellent written and verbal communication skills
• Strong analytical and time management skills and superior attention to detail

Mortgage Loan Processor compensation

$45,999 (National Average)