Loan Processor

Basic Functions

Under the direction of the VP of Operations and/or Processing Supervisor, evaluates all information supplied on the mortgage loan application, verifies the validity of the information and assembles a completely documented file to Underwriting and Closing. Acts as the primary liaison between the loan officers, loan officer assistant, banking operations.


• Review submissions for completeness of documentation required for loan approval
• Prepare/Review Initial Disclosures
• Submit all eligible files through DU/DO/LP/GUS for automated approval prior to submitting
• Point of contact for Loan Officer and/or Borrower
• Obtain and review needed documentation for final approval. Follow up and work with Loan Officer/Borrower through funding on any items needed to close loans
• Ensure all borrowers receive final 1003 and MLDS in escrow prior to signing loan docs
• Final HUD 1 Review
• Follow through in obtaining broker check and other documentation needed for closing
• Close out files after funding to meet the standards of our Quality Control Department, work on any files with missing documentation or those that may need corrections to make sure that all files meet standards for Quality Control
• Conduct weekly pipeline review meetings with Loan Officers
• Maintain current posted turn times and customer service levels
• Develop and maintain current procedures for all functions within the Loan Processor position
• Additional projects as assigned


• Organization
• Pipeline Management
• Customer Service / Relationship Building
• Very strong written and oral communication skills


• Minimum 2 years processing experience
• Experience processing both conventional and government loans
• Experience processing purchase and refinance loans