A mortgage processor in any company is responsible to interview the loan applicants for the purchase of the real estate. They also guide the applicants to choose the right option to take a mortgage loan.

Mortgage Processor Representatives Job Description

An expert professional is needed to fulfill the job profile of a Mortgage processor who should be able to review the financial status and credit status of the loan applicant to make approval to their loan requirement. If there is any mistake or unwanted factors found in the documents then mortgage processors can even reject the loan applications. A strong researcher and expert are needed for this work along with strong communication are needed to convey their ideas and thoughts to the clients and make cordial relation with them for company’s benefit.

Roles and responsibilities

• As a mortgage processor, the candidate is responsible to review the loan application and ask clients for appropriate documents that are compulsory to get the loan approval.
• Responsible to gather all the documents which are required while loan package.
• Investigate the loan applicants and recheck all the gathered information to avoid any type of risk in the future.
• Advice the client’s to choose the best mortgage loan option.
• Acts as an intermediate of underwriters, loan officers and clients.
• Review and correct any type of mistakes or inappropriate things found in the document.
• Evaluate the clients’ financial status including assets, debts, expenses, salary, etc.
• This is the duty of the mortgage processor to calculate the applicant’s credit scores.
• Manage the documents related to real estate loans.
• Work according to the legal rules and regulations.

Mortgage Processor Representatives key skills required

• Good communication skills both verbal and written.
• Strong organizational and time management skills.
• In-depth knowledge of policies and procedures of loan applications.
• Good knowledge of legislation and best practices.
• Good customer service skills.
• Proficiency of work in computer software and other related application.
• Ability to work under pressure.

Education, training, and Certifications

• Bachelor’s Degree in Business, finance or another relevant field from a recognized university.
• At least 2 years’ experience in the same job profile.