| Mortgage Loan Processor I Job Description |
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| The following is a full job description for Mortgage Loan Processor I. Here are the requirements and responsibilities for Mortgage Loan Processor I along with statistics. If after reading this page you determine that Mortgage Loan Processor I is not the position you are looking for, you may want to try one of these similar titles: Loan Processor III, Loan Processor II, Mortgage Underwriter I, Mortgage Loan Processor III, Mortgage Loan Processor II, Loan Processing Quality Analyst I, Loan Processor I, Mortgage Underwriter III, Commercial Loan Processor I |
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| Requirements and Responsibilities For Mortgage Loan Processor I |
| Processes residential mortgage loan applications to ensure complete, accurate, and compliant loan files prior to underwriting and closing. Reviews transaction documentation, including income statements, credit reports, asset verification, and property information, to confirm eligibility and completeness. Coordinates with loan officers, underwriters, title companies, and borrowers to obtain required documentation and resolve file deficiencies. Prepares and maintains loan files within loan origination systems and tracks applications through the processing pipeline. Ensures compliance with regulatory guidelines, investor requirements, and internal mortgage lending policies. Supports timely loan approvals and closings by maintaining accurate documentation and clear communication among all parties. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. |
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| Also referred to as: Entry Mortgage Loan Processor, Mortgage Lending Processor I, Mortgage Loan Documentation Specialist I |
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| Similar Jobs: Loan Processor III, Loan Processor II, Mortgage Underwriter I, Mortgage Loan Processor III, Mortgage Loan Processor II, Loan Processing Quality Analyst I, Loan Processor I, Mortgage Underwriter III, Commercial Loan Processor I |
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| Level of Education: Mortgage Loan Processor I Salaries with a High School Diploma or Technical Certificate, Mortgage Loan Processor I Salaries with an Associate's Degree, Mortgage Loan Processor I Salaries with a Bachelor's Degree, Mortgage Loan Processor I Salaries with a Master's Degree or MBA, Mortgage Loan Processor I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Edu., Gov't. & Nonprofit, Financial Services | |
