Loan Processor
Job Summary
Responsible for reviewing mortgage loans and submitting them to the underwriter. Collect and review financial documents, analyze the financial statuses of applicants, and verify the information on applications.
Primary Responsibilities
- Help eligible applicants obtain mortgage loans in a professional and timely manner.
- Interact with customers; establish their needs and make loan recommendations.
- Interview, assess, and research loan applicants; review their credit records and financial papers.
- Collect and review all the documentation needed to apply for a mortgage loan.
- Demonstrate a clear understanding of all industry rules, regulations, and standards.
- Gather any missing documentation from borrowers to ensure applications are complete.
- Review mortgage loan applications for accuracy and completeness before submitting them.
- Submit applications to the bank or mortgage lender for approval.
- Collect any remaining documentation from borrowers to close on their loans.
- Prepare the closing documents and make sure everything is in order prior to closing.
