Mortgage Processor Job Description

What is the job description of a Mortgage Processor? What are the duties and responsibilities of a Mortgage Processor? What does a Mortgage Processor do?

Job description of a Mortgage Processor

Mortgage Processors administer loan applications for the purchasing of real estate. Their primary responsibilities include interviewing loan applicants, assisting applicants in choosing the right mortgage option and approving or rejecting loans.

This Mortgage Processor job description example includes the list of most important Mortgage Processor duties and responsibilities as shown below. It can be modified to fit the specific Mortgage Processor profile you're trying to fill as a recruiter or job seeker.

Mortgage Processor Duties and Responsibilities

Mortgage Processor job description should contain a variety of functions and roles including:

  • 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.
  • Managing real estate loan documentation.
  • Ensuring compliance with banking regulations.
  • Submitting a detailed loan package to the Underwriting department.
  • Calculating applicant credit scores.
  • Verifying the accuracy of applicant data.
  • Approving or rejecting loans.

Mortgage Processor Requirements / Skills / Qualifications

Mortgage Processor job description should include these common skills and qualifications:

  • Bachelor's degree in Finance or related field.
  • x years experience in mortgage processing.
  • Good organizational skills.
  • Exceptional interpersonal skills.
  • Attention to detail.
  • Excellent mathematical and statistical aptitude.
  • Analytical mindset.
  • Good written and verbal communication.

As a hiring manager, recruiting an ideal Mortgage Processor starts with crafting a good job description. Use this Mortgage Processor job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Mortgage Processor may also reference it in preparation for the interview.