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Description
Basic Description:
A Mortgage Loan Processor is responsible for completing and verifying financial information on loan applications by obtaining necessary information to process a complete mortgage loan file. (i.e. credit, income, assets, appraisal, etc.) The loan processor also ensures compliance with all Federal rules and regulations including but not limited to Respa, Tila, HVCC etc. and all internal policies and procedures such as fraud prevention.
It is the policy of Flat Branch Mortgage quality control procedures to ensure that at a minimum, the borrower(s) are contacted by the loan processor at least once on every loan file.
Requirements
Responsibilities:
Qualifications & Skills:
Full Time
$43k-56k (estimate)
04/17/2024
06/15/2024
flat-branch.com
Columbia, MO
25 - 50
If you are interested in becoming a Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Processor job description and responsibilities
Loan processors are highly organized and have an excellent eye for detail.
01/25/2022: Twin Falls, ID
Loan processor arranges a home appraisal to ensure the requested mortgage amount matches up to the home’s appraised value.
01/29/2022: Cincinnati, OH
Processors deals with the credits, loans, mortgages, and much more.
02/08/2022: Bellingham, WA
Mortgage processor should be familiar with loan processing guidelines and paperwork.
02/25/2022: Pittsfield, MA
Loan processors should give full attention to their job, being absolutely careful about detail.
04/04/2022: Saint Louis, MO
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Processor jobs
Some loan processors can work from a home office, as long as they are available to clients during the process.
02/20/2022: Philadelphia, PA
A good experienced seasoned mortgage processor will not submit a file to underwriting without a complete clean package and no missing documents.
03/15/2022: Youngstown, OH
Before loan processors can understand written statements and documents, they need reading skills.
04/12/2022: Biloxi, MS
Pay attention to how quickly settlement occurs.
04/07/2022: Shreveport, LA
Works with multiple currencies.
03/21/2022: Chillicothe, OH
Step 3: View the best colleges and universities for Processor.