This Mortgage Loan Processor job description template can be posted to online job forums and career pages for the recruitment of candidates. The Mortgage Loan Processor job description, its requirements and responsibilities, given in this template can be modified according to the specific need of your company.
- Gather all relevant data from clients (e.g. debts, assets etc.)
- Guide clients in choosing the most suitable mortgage
- Perform general evaluation of applications (e.g. mortgage type, financial documents etc.)
We are hiring a Mortgage Loan Processor for undertaking various tasks to help clients in submitting complete applications and for processing mortgage loan files.
What does a Mortgage Loan Processor do?
You will be responsible for gathering all documentation and spotting mistakes for ensuring mortgage approval. Your ultimate goal would be binding all interested parties, from customers to underwriters, for successful mortgage processing. In order to succeed in this role, you must have excellent communication and customer service skills.
Furthermore, you must be extremely detail-oriented with excellent time management skills and an aptitude for Mathematics.
- At least a Bachelor’s degree in Accounting, Finance, Economics or a related field
- Professional certification (e.g. CPA or CFA)
- Prior experience as a Mortgage Loan Processor
- Sound knowledge of loan processing and underwriting procedures
- Familiarity with mortgage legislation as well as best practices
- Experience with mortgage loan computing software (e.g. Calyx Point)
- Exceptional customer service and organizational skills
- Exceptional mathematical and computational skills
- Ability to perform under pressure while working in a fast-paced environment
- Strong communication skills and a keen eye for details
- An analytical mind with a problem-solving attitude
- Gathering all relevant data from clients (e.g. debts, assets etc.)
- Guiding clients in choosing the most suitable mortgage
- Performing general evaluation of applications (e.g. mortgage type, financial documents etc.)
- Collaborating with clients, loan officers and underwriters for increasing efficiency
- Conducting a final review of the documentation before closing
- Verifying references and information by contacting relevant persons
- Identifying and correcting mistakes, and also investigating inconsistencies
- Submitting completed files for approval