Mortgage Processor

Salary Range for Mortgage Processor in Activities Related to Credit Intermediation

The salary range for a Mortgage Processor in Activities Related to Credit Intermediation is typically between $35,000 to $60,000 per year.

Sample Job Description for Mortgage Processor in Activities Related to Credit Intermediation Industry

Job Objective:

The Primary Objective Of A Mortgage Processor Is To Accurately And Efficiently Process Mortgage Loan Applications For Customers.

Job Requirements:

1. High School Diploma Or Equivalent Required, With An Associate Or Bachelor’S Degree In A Related Field Preferred. 2. 2+ Years Of Experience In Mortgage Processing Or Related Field. 3. Knowledge Of Mortgage Loan Products, Underwriting Guidelines, And Regulatory Requirements. 4. Familiarity With Loan Origination Software And Document Management Systems. 5. Strong Attention To Detail And Organizational Skills. 6. Excellent Communication And Customer Service Skills. 7. Ability To Work Independently And Within A Team Environment. 8. Ability To Manage Multiple Priorities And Deadlines. 9. Strong Analytical And Problem-Solving Skills. 10. Ability To Maintain Confidentiality And Handle Sensitive Information.

Job Responsibilities:

1. Review And Verify Mortgage Loan Application Documents. 2. Order And Review Property Appraisals And Title Reports. 3. Communicate With Customers, Loan Officers, Underwriters, And Other Parties Involved In The Loan Process. 4. Ensure Compliance With All Applicable Regulations And Guidelines. 5. Prepare And Submit Loan Files To Underwriting For Approval. 6. Coordinate Closings With Title Companies, Attorneys, And Other Parties. 7. Maintain Accurate Records And Documentation. 8. Provide Outstanding Customer Service Throughout The Loan Process. 9. Monitor Loan Pipeline And Provide Regular Updates To Management And Other Stakeholders. 10. Continuously Improve Processes And Procedures To Increase Efficiency And Productivity.

Top 10 Employers for Mortgage Processor in Activities Related to Credit Intermediation:

1. Bank of America, Charlotte, NC, USA, https://www.bankofamerica.com/ 2. Wells Fargo, San Francisco, CA, USA, https://www.wellsfargo.com/ 3. JPMorgan Chase, New York, NY, USA, https://www.jpmorganchase.com/ 4. Quicken Loans, Detroit, MI, USA, https://www.quickenloans.com/ 5. U.S. Bank, Minneapolis, MN, USA, https://www.usbank.com/ 6. PNC Financial Services, Pittsburgh, PA, USA, https://www.pnc.com/ 7. TD Bank, Cherry Hill, NJ, USA, https://www.td.com/ 8. SunTrust Bank, Atlanta, GA, USA, https://www.suntrust.com/ 9. BB&T Corporation, Winston-Salem, NC, USA, https://www.bbt.com/ 10. Flagstar Bank, Troy, MI, USA, https://www.flagstar.com/

Career Path for Mortgage Processor in Activities Related to Credit Intermediation:

1. Loan Processor Assistant or Loan Officer Assistant (0-2 years) 2. Loan Processor (2-4 years) 3. Senior Loan Processor (4-6 years) 4. Mortgage Loan Underwriter (6-8 years) 5. Mortgage Loan Officer (8-10 years)

Top 5 Countries by Mortgage Processor in Activities Related to Credit Intermediation:

1. United States 2. Canada 3. United Kingdom 4. Australia 5. New Zealand

Top 5 Countries with Established Activities Related to Credit Intermediation:

1. United States 2. United Kingdom 3. Canada 4. Japan 5. Germany