What is the job description of a mortgage loan processor?

Most job descriptions look for someone who is able to gather and understand the data from the documentation that is received in order to generate a financial decision regarding loan applications.

Common duties listed in job descriptions for mortgage loan processors include the following:

• Interviewing loan applicants.

• Assisting applicants in selecting the most suitable mortgage option.

• Reviewing loan applications.

• Evaluating applicant financial information, including salary, assets, debts, and expenses.

• Calculating applicant credit scores.

• Verifying the accuracy of applicant data.

• Approving or rejecting loans.

• Managing real estate loan documentation.

• Ensuring compliance with banking regulations.

• Submitting a detailed loan package to the Underwriting department.

Job descriptions for this role usually require that a person has a bachelor's degree in finance or a similar field and a few years of experience in mortgage loans. They should also be able to analyze and organize data and possess excellent written and verbal communication skills.