Mortgage Processor Duties & Responsibilities

The role and function of a Mortgage Processor includes the following duties and responsibilities:

Interviewing loan applicants.
Assisting applicants in selecting the most suitable mortgage option.
Reviewing loan applications.
Evaluating applicant financial information including salary, assets, debts and expenses.
Managing real estate loan documentation.
Ensuring compliance with banking regulations.
Submitting a detailed loan package to the Underwriting department.
Calculating applicant credit scores.
Verifying the accuracy of applicant data.
Approving or rejecting loans.

Note that this is not an exhaustive list of Mortgage Processor duties and responsibilities. Job functions for specific Mortgage Processor roles may vary, depending on the industry and type of employer.

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