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MORTGAGE LOAN PROCESSOR Reports to: Vice President of Citywide Mortgage I. Performance Objectives: Verify, compile and type application information for mortgage loans II. Knowledge, Skills, and Abilities:
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A mortgage loan processor is responsible for verifying and gathering all the necessary documentation needed to complete the mortgage application process.
Mortgage loan processors are typically employed by mortgage lending institutions or mortgage brokers, and are required to file the necessary paperwork in accordance with regulatory guidelines.
To fill out a mortgage loan processor, the processor must carefully review and verify all documentation provided by the borrower, accurately input the information into the system, and ensure that all required forms are completed and submitted properly.
The purpose of a mortgage loan processor is to streamline the mortgage application process by verifying the accuracy of information provided by the borrower and ensuring that all necessary documentation is in order before submitting the application for final approval.
The information reported on a mortgage loan processor typically includes personal information about the borrower, details about the property being purchased, financial information such as income and debts, and documentation verifying the information provided.
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