"MORTGAGE LOAN PROCESSOR"
Job Description and Jobs
- 1) Verifies, compiles, and types application information for mortgage loans: Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
- 2) Recommends that loan not meeting standards be denied.
- 3) Calls or writes credit bureau and employer to verify accuracy of information.
- 4) Types loan application forms, using computer.
- 5) Calls specified companies to obtain property abstract, survey, and appraisal.
- 6) Informs supervisor of discrepancies in title or survey.
- 7) Submits mortgage loan application file for underwriting approval.
- 8) Types and mails approval and denial letters to applicants.
- 9) Submits approved mortgage loan file to MORTGAGE LOAN CLOSER for settlement.
- 10) Records data on status of loans, including number of new applications and loans approved, canceled, or denied, using computer.
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Job Number: 3760