Mortgage Processor Job Duties

By | August 30, 2012

Mortgage processor job duties include reviewing the mortgage applications received from the clients, analyzing them, approving or denying them based on the information given, making mortgage recommendations to the clients and carrying out a number of other assigned tasks. It is suggested to undergo a degree in finance if you are aspiring to get into the position of a mortgage processor.

However, certain firms do not specifically require a degree in finance; they hire candidates having a bachelor’s degree in any discipline and provide them the required training post hiring them.

Mortgage Processor Job Duties

  • Mortgage Processor is required to study the mortgage application forms received from different applicants.
  • Mortgage Processor needs to analyze the mortgage application forms and check if there is any mistake in the forms submitted by the applicants.
  • Mortgage Processor is required send back the incomplete mortgage application forms or those having any other discrepancy.
  • Mortgage Processor needs to go through the credit history of the clients submitting the loan applications.
  • Mortgage Processor is required to analyze weather the applicant would be able to pay the loan back on time or not.
  • Mortgage Processor needs to take a note of the applicant’s assets, liabilities and income.
  • Mortgage Processor is required to check the payment history of any other mortgage taken by the applicant.
  • Mortgage Processor needs to maintain a record of all the mortgage application forms received from different applicants.
  • Mortgage Processor is required to key in the details of the forms in the system.
  • Mortgage Processor is required to approve or deny the loan application form based on the assessment done.
  • Mortgage Processor needs to maintain a record of all the hand written mortgage application forms as well as the ones keyed in the system.
  • Mortgage Processor needs to segregate the mortgage application forms based on the mortgage product requested by the applicant.

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