Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Become A Mortgage Loan Processor

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As A Mortgage Loan Processor

  • Processing Information
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Getting Information
  • Performing for or Working Directly with the Public
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Repetitive

  • Stressful

  • $37,710

    Average Salary

What Does A Mortgage Loan Processor Do

A Mortgage Loan Processor works with clients to complete mortgage loan applications. They obtain the necessary information, such as loan applications, credit documents, and appraisals to process and complete mortgage loan files.

How To Become A Mortgage Loan Processor

A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.

Education

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, require a 2- or 4-year college degree.

Training

Most financial clerks learn how to do their job duties through on-the-job training. Some formal technical training also may be necessary; for example, gaming cage workers may need training in specific gaming regulations and procedures.

Advancement

Financial clerks can advance to related occupations in finance. For example, a loan interviewer or clerk can become a loan officer, and a brokerage clerk can become a securities, commodities, or financial services sales agent, after obtaining the required education and license.

Important Qualities

Communication skills. Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.

Math skills. The job duties of financial clerks, including calculating charges and checking credit scores, require basic math skills.

Organizational skills. Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.

Show More

Show Less

Mortgage Loan Processor jobs

Add To My Jobs
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills for A Mortgage Loan Processor

PropertyAppraisalsFha/VaCreditReportsLoanOfficersLoanDocumentsTitleCompaniesLoanProcessMortgageLoanFilesCustomerServiceUnderwritingGuidelinesFannieMAERealEstateAgentsTitleInsuranceInformationFreddieMacDUCompanyPoliciesNecessaryDocumentsLoanApprovalLoanPackagesUsda

Show More

Top Mortgage Loan Processor Skills

  1. Property Appraisals
  2. Fha/Va
  3. Credit Reports
You can check out examples of real life uses of top skills on resumes here:
  • Ordered and analyzed credit reports and property appraisals and reviewed income and asset documentation for loan qualification purposes.
  • Processed Conventional/FHA/VA loans; ordered and reviewed title appraisal and flood certification.
  • Set up of files and order all necessary exhibits for appraisals, credit reports, credit supplements, etc.
  • Noted discrepancies in borrower documentation and communicated problems and issues to Community Bank Loan Officers and Processors as well as Underwriter.
  • Processed loan documents based upon loan approval conditions Appraisal and title orders Member service, loan products and pricing Resume

Top Mortgage Loan Processor Employers

Mortgage Loan Processor Videos

day in the life of a loan processor

The Role of a Mortgage Loan Processesor

21-Days to Better Mortgage Loan Processing -Day 1

×