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.
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)
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