Location: El Paso, TX Description: Our client is currently seeking a Mortgage Loan Processors
Mortgage processors compile and evaluate application information for mortgage loans. In terms of workflow, they take over once loan officers have recommended the application for approval, and their main goal is to collect the necessary documents and verify all details before sending the application to underwriters for final approval. This is a laborious process that involves contacting vendors; analyzing income, tax, and property documents; and consulting with and advising applicants. Most mortgage processors work regular business hours inside an office with occasional overtime. The workload can be challenging, as they may process several applications simultaneously and under tight deadlines.
This job will have the following responsibilities:
Gather Information It’s up to mortgage processors to gather all of the information needed from applicants to file for loan approval.
Aside from interviewing applicants about their credit and financial history, they request documents such as bank statements, pay stubs, and lists of assets.
Input Loan Information
Once applicants have submitted the required paperwork, mortgage processors must check it for completeness and compliance with company guidelines. They then input this data into a computer system for record keeping and processing.
A time-consuming aspect of the process is verifying the data within applications.
Mortgage processors go through all of an applicant’s documents, especially those related to income, and may even call employers and other third parties for confirmation. Upon catching inconsistencies or missing information, they notify applicants and guide them through making revisions.
Order Property Documents Mortgage processors must contact third-party professionals such as real estate agents and lawyers to obtain documents such as appraisals, property abstracts, and signed contracts. They also order a title search to confirm property ownership and ensure that there are no liens, unpaid taxes, or additional legal claims that will complicate the process.
Coordinate with Underwriters
Upon compiling and evaluating all loan application paperwork, mortgage processors move on to the final step, where they submit the application file to underwriters who will make the final decision regarding loan approval. It’s possible that underwriters may relay issues to mortgage processors, who communicate any problems back to clients.
Qualifications & Requirements:
Mortgage processors are meticulous individuals who have working proficiency with mortgage loans. They are comfortable handling significant volumes of data and paperwork in an intense, fast-paced environment. Employers look for a high school diploma at minimum and the following skills:
Help us improve CareerBuilder by providing feedback about this job:
Report this job
Report this Job
Once a job has been reported, we will investigate it further. If you require a response, submit your question or concern to ourTrust and Site Security Team
Job ID: 666473
privacy and protection,
when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction.Learn more.
By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder
Terms and Conditions
for use of our website. To use our website, you must agree with the
Terms and Conditions
and both meet and comply with their provisions.