Mortgage Loan Processor II processes residential mortgage loan applications to ensure complete, accurate, and compliant loan files prior to underwriting and closing. Reviews transaction documentation, including income statements, credit reports, asset verification, and property information, to confirm eligibility and completeness. Being a Mortgage Loan Processor II coordinates with loan officers, underwriters, title companies, and borrowers to obtain required documentation and resolve file deficiencies. Prepares and maintains loan files within loan origination systems and tracks applications through the processing pipeline. Additionally, Mortgage Loan Processor II ensures compliance with regulatory guidelines, investor requirements, and internal mortgage lending policies. Supports timely loan approvals and closings by maintaining accurate documentation and clear communication among all parties. Requires a high school diploma. Typically reports to a supervisor. The Mortgage Loan Processor II works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Loan Processor II typically requires 1-3 years of related experience.
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