Mortgage Loan Processor Job Duties

By | August 30, 2012

Mortgage loan processor job duties include verifying the loan applications, approving or denying the loan requests, arranging them according to their type, meeting the clients and providing them information related to loan, preparing mortgage loan reports, etc.

One needs to have complete information related to the loan terms attached to various mortgage loan products and other details about these products. It is also essential to have some amount of relevant work experience and also an eye for detail in order to check and verify the applications appropriately.

Mortgage Loan Processor Job Duties

  • Mortgage Loan Processor is required to verify the mortgage loan application forms submitted by the clients.
  • Mortgage Loan Processor needs to go through the mortgage loan applications very carefully and scrutinize each and every given detail very carefully.
  • Mortgage Loan Processor is required to approve or deny the mortgage loan application forms based on the details given by the clients.
  • Mortgage Loan Processor needs to stay updated with all the details related to the mortgage loan products being offered by the company.
  • Mortgage Loan Processor is required to go through the credit history of the clients before taking decision about approving or denying their application forms.
  • Mortgage Loan Processor needs to assess the borrower’s assets and liabilities before processing the loan payments.
  • Mortgage Loan Processor is required to write the credit bureau for verifying the correctness of the information.
  • Mortgage Loan Processor needs to key in the loan application forms in the system after reviewing them.
  • Mortgage Loan Processor is required to segregate different kinds of loan applications based on their details.
  • Mortgage Loan Processor needs to check for discrepancies in the loan application forms and send such forms back for correction.
  • Mortgage Loan Processor needs to send the approved mortgage loan forms for closer and other loan formalities.

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