Application processor vs mortgage loan processor

Differences between application processor and mortgage loan processor duties and responsibilities

Application processor example responsibilities.

• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Execute the origination process, including ordering credit reports, appraisals and preliminary title reports.
• Work in mailroom sorting mail by zip codes.
• Maintain A/P, A/R, and report payroll.
• Participate in specialty functions of all aspects of the mailroom.
• Utilize PeopleSoft and OnBase programs to classify and index data.
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Mortgage loan processor example responsibilities.

• Manage individual pipeline using the LPS system.
• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Process all types of loan products including FHA, VA, conventional, no income verification, and the self-employed borrower.
• Assist with executing all loan sales in the secondary market to FNMA, FHLMC and private investors.
• Verify and validate loan applications for conforming, FHA, VA applications via DU/LP and complex lender software programs.
• Process USDA and conventional loans.
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