ROLES AND RESPONSIBILITIES
Loan Processors are responsible for accurately managing and reviewing all loan documentation. Processors often serve as the primary contact of the financial institution and bank and will also facilitate the transfer of files between underwriting the closing departments.
- Communicates with each borrower while the file is in process.
- Act as main point of contact for the banker.
- Works to obtain approvals from the underwriter.
- Works to obtain all conditions from each borrower.
JOB SKILL SET
Team-Oriented/Interpersonal Skills
Analytical & Problem Solving Mindset
Attention to Detail/Accuracy
Written, Verbal, Listening Skills
EXPERIENCE AND QUALIFICATIONS
Experience
Years
2 years of loan processing experience including FHA loan processing
College Degree
High School Diploma or equivalent
2 years of loan processing experience including FHA loan processing
High School Diploma or equivalent
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ADDITIONAL INFORMATION
Frequent Job Interview Questions
- What does your current pipeline look like?
- How is your performance measured?
- How do you stay organized?
- Which mortgage loan types are you experienced in processing?
- Give an example of how you have had to further investigate a file and what was the outcome?
Similar Positions
- Loan Coordinator
- Assistant Loan Processor
Career Advancement
- Junior Underwriter
- Underwriter
- Processing Team Lead
- Processing Manager
- Director Processing
- VP, Processing
