Mortgage Loan Processor Job Description

This Mortgage Loan Processor job description is good for hiring a perfect candidate as it clearly outlines the key responsibilities, requirements, and qualifications required for the role. Additionally, it highlights the necessary skills and experience that a successful candidate must possess, such as attention to detail, communication skills, and knowledge of industry regulations. 

To customize this job description for your own needs, you can tailor the specific job duties and requirements to fit your organization’s unique requirements and culture. For example, you may add specific software or systems knowledge and highlight any preferred educational or certification requirements. Additionally, you can emphasize the company’s values and mission, as well as any opportunities for growth and advancement within the organization.

Job Description Brief:

We are seeking a skilled Mortgage Loan Processor to join our team. As a Mortgage Loan Processor, you will be responsible for organizing and reviewing loan applications and supporting documentation, verifying applicant information, and ensuring all requirements are met for loan approval. You will work closely with loan officers, underwriters, and borrowers to ensure a timely and smooth loan approval process while adhering to industry regulations and company policies.

Key Responsibilities:

• Review loan applications and supporting documentation
• Verify applicant information and obtain the necessary documentation
• Organize and maintain loan files and databases
• Communicate with loan officers, underwriters, and borrowers as needed
• Prepare loan files for submission to underwriting
• Ensure compliance with industry regulations and company policies
• Manage loan pipeline and prioritize tasks to meet deadlines
• Provide exceptional customer service to all parties involved in the loan process
• Perform other duties as assigned

Required Qualifications and Skills:

• High school diploma or equivalent
• 2-3 years of experience in mortgage loan processing
• Knowledge of mortgage loan products, underwriting, and processing guidelines
• Ability to manage multiple tasks and prioritize deadlines
• Excellent attention to detail and organizational skills
• Strong communication and interpersonal skills
• Ability to analyze data and make sound decisions
• Proficiency in Microsoft Office and loan processing software
• Ability to work independently and as part of a team
• Commitment to providing exceptional customer service

Education and Experience Requirements:

• High school diploma or equivalent
• 2-3 years of experience in mortgage loan processing
• Knowledge of mortgage loan products, underwriting, and processing guidelines

Physical Requirements:

This position does not require significant physical effort.

Work Schedule and Conditions:

• Work schedule: Monday-Friday, 9 am-5 pm
• Conditions: Office environment with some remote work opportunities.

Compensation and Benefits:

• Competitive salary
• Health, dental, and vision insurance
• 401(k) retirement savings plan
• Paid vacation, sick leave, and holidays

Company Culture and Values:

At our company, we strive to create a positive and inclusive work environment. We believe in working collaboratively towards our shared goals, treating everyone with respect and professionalism, and fostering a culture of continuous growth and learning.

Career Advancement Opportunities:

We provide opportunities for career advancement and professional development to our employees who exhibit strong performance and a commitment to our company’s values and goals.

Application Process and Contact Information:

To apply for this position, please submit your resume and a cover letter outlining your qualifications and experience. We will review all applications and contact qualified candidates for an interview.