Mortgage Processor Job Responsibilities


Mortgage processor is an individual who makes sure that the processing and finalizing of all the loans received from the loan officer is done in an accurate way.  Any person who is working at this job position is responsible for many types of varied duties and responsibilities.

This job is different from the job of a mortgage loan officer as once the job of a loan officer finishes the task of the mortgage processor starts. The following are the most important job responsibilities of a person who is employed as a mortgage processor in a bank or any other financial institute:

Mortgage Processor Job Responsibilities

  • Any person who is working as a mortgage processor is responsible for gathering information and taking each file from the time of pre-approval to the time of closing.
  • It is the job responsibility of a mortgage processor to enter all the relevant loan information into the computer system so that it can be processed.
  • A mortgage processor is responsible for making sure that all the documentation is accurate, well verified, and adheres to the policies of the bank.
  • It is the job responsibility of a mortgage processor to verify the documents of the clients such as income credit appraisals, title insurance and supporting documents in a way which is permitted by the bank.
  • Another responsibility of a mortgage processor is to prepare the application for submittal to underwriting.
  • Reviewing the file documentation and ensuring that all the needed formalities are done is also a responsibility of a mortgage processor.
  • Coordinating and ordering the documents according to their serial number or proper sequence is yet another job responsibility of a mortgage processor.
  • A mortgage processor is also responsible for making sure that the crucial deadlines are met and performing all duties assigned by the management.

Category: Finance Job Responsibilities

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