When someone applies for a new home loan or refinance, a mortgage processor puts together a file that contains the application information, supporting documentation and a credit report that they pull and analyze. Then, that file goes to the underwriter, who is responsible for determining whether to approve the application and setting the terms of the mortgage agreement for approved loans.
Що робить Mortgage Processor?
The mortgage processor’s key responsibilities are to ensure the underwriter has all the information necessary to approve or deny a mortgage application and that loan documents are complete and ready for closing.
Обов'язки
Mortgage Processor має бути в змозі виконувати різні обов'язки та відповідальність. Нижче наведено деякі обов'язки та відповідальність, які Mortgage Processor повинен мати можливість виконувати:
Checking loan applications for missing information and potential errors
Gathering and checking appraisals, income verification and other documents for completeness and accuracy
Running credit reports and evaluating creditworthiness
Requesting additional information for the underwriter as needed
Monitoring the underwriting process and providing updates to the mortgage officer
Entering borrower and loan information in customer management and mortgage information software
Необхідні навички
Конкурентоздатний Mortgage Processor матиме певні навички та кваліфікацію, зокрема:
Effective oral and written communication skills to ensure a smooth flow of information between the mortgage officer and the underwriter
Organizational skills to ensure mortgage files and closing documents are complete and simple to use
Multitasking skills to keep track of multiple loan applicants’ information at one time
Knowledge of mortgage financing to seek supporting information for applications and preparing documents
Understanding of banking and finance regulations needed to ensure compliance with federal and state laws
Analytical skills to evaluate credit histories and spot potential errors
Подібні пропозиції
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