What are the roles and responsibilities of a loan processor?
An interviewer asks this question to check your knowledge and awareness. Briefly state the duties of a loan processor. A loan processor has wide range of roles and responsibilities. He compiles and verifies application information for mortgage loans. He is responsible for executing daily operations related to mortgage loan processing, training and managing employees who are under him and reviewing residential and non residential loan applications. In addition a loan processor coordinates underwriting activities, audits loan applications and maintains records and files for processing mortgage loan application.
