A mortgage processor acts as a liaison between loan officers and lenders.
A mortgage processor typically has a team of loan closer who work to process loans.
A typical mortgage processor’s tasks include:
- Reviewing mortgage applications.
- Preparing documents and sending them to the lender.
- Communicating with borrowers regarding the status of a loan.
- Collecting and submitting closing data.
A mortgage processor may work directly with loan officers or lenders or as part of a team.
The job of a processor can be both stressful and fast-paced, but processing mortgage loans is a very lucrative field.