A Mortgage Processor is responsible for the accurate and timely processing of mortgage loan applications. This position requires a high level of attention to detail, as well as strong customer service skills. The Mortgage Processor will work closely with Loan Officers, Underwriters, and Closers to ensure that all mortgage loans are processed efficiently and in compliance with company guidelines.
‚Ä¢ Collect and review all required documentation for mortgage loan applications
‚Ä¢ Verify accuracy of loan application information and documentation
‚Ä¢ Communicate with customers, Loan Officers, Underwriters, and Closers throughout the loan process
‚Ä¢ Ensure that all mortgage loans are processed in a timely and efficient manner
‚Ä¢ Maintain knowledge of company guidelines and updates
Mortgage Processor Job Responsibilities
Review loan applications and supporting documentation
Verify accuracy and completeness of loan application information
Obtain missing or additional information needed to complete the loan application
Calculate income, assets, and debts for loan applicants
Prepare loan documents for underwriting review
Forward loan files to underwriting department for approval
Communicate with applicants, real estate agents, and lenders throughout the loan process
Keep updated on changes in lending guidelines and regulations
To develop an efficient system for processing mortgage loan applications and to ensure that all documentation is complete and accurate.
To work closely with loan officers, underwriters, and closing departments to ensure a smooth loan process.
To review mortgage loan applications for completeness and accuracy of information provided.
To order credit reports, appraisals, and other necessary documentation required for processing the loan application.
To verify employment history, income, and asset information provided by the borrower(s).
To calculate income and debts in order to determine eligibility for the mortgage loan program applied for.