I've been searching for a new job and ive posted my resume on a few job search websites.... My background is Admin/Office work, and i just got an offer to be a loan processor. They told me they would teach me if im willing to learn. Which i am.... But i dont know if it will be worth it. My best friends boyfriend is a loan processor and he makes really great money, But im not even sure what they do. or there responsibilities... can someone explain to me what it is?
2007-01-29 18:24:45 · 1 answers · asked by shellz23 2 in Business & Finance ➔ Careers & Employment
The responsibilities differ a little depending on the company you're working for, but essentially the processor takes the completed application from the loan officer and prepares it for submitting to the underwriter by ensuring it is complete and in accordance with the loan program guidelines; often the processor enters and/or corrects/updates the automated underwriting findings; the processor requests and enters the verifications of employment, deposits, etc.; and reviews/satisfies conditions returned by the underwriter. Sounds like a lot, but it's not rocket science. I think any person with good organizational skills and attention to detail can learn to be a loan processor. Good luck.
Rick
http://www.fairwaymortgagelending.com
2007-01-29 18:36:06 · answer #1 · answered by Fearless Leader 4 · 0⤊ 0⤋