Mortgage Loan Processor 4 Salary in Alabama

Mortgage Processor 4 - Average Salary $51,027

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Mortgage Loan Processor - Average Salary $42,255

A Mortgage Loan Processor is responsible for reviewing and verifying all documentation related to mortgage loan applications. They work closely with loan officers, underwriters, and borrowers to ensure that all necessary information is accurate and complete. This includes gathering financial documents, ordering appraisals and title reports, and coordinating with third-party vendors. The Mortgage Loan Processor also communicates with all parties involved to provide updates on the status of the loan application and ensure that all requirements are met for final approval. Additionally, they may be responsible for preparing and submitting the loan file to the underwriting department for review. Overall, the Mortgage Loan Processor plays a crucial role in the mortgage lending process by ensuring that all necessary steps are taken to facilitate the approval and funding of mortgage loans.

Intermediate Mortgage Loan Processor - Average Salary $50,400

The Intermediate Mortgage Loan Processor verifies all documentation for accuracy and completeness. Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Being an Intermediate Mortgage Loan Processor provides management with reports on loan activities. Ensures all documents are prepared and finalized in compliance with policies and procedures. In addition, Intermediate Mortgage Loan Processor requires a high school diploma or its equivalent. Typically reports to a supervisor. Being an Intermediate Mortgage Loan Processor gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. Working as an Intermediate Mortgage Loan Processor typically requires 1-3 years of related experience.

Mortgage Loan Processor II - Average Salary $50,384

Mortgage Loan Processor II performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor II verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor II ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. 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.

Entry Mortgage Loan Processor - Average Salary $41,900

The Entry Mortgage Loan Processor verifies all documentation for accuracy and completeness. Obtains necessary information (i.e., loan applications, credit documents, appraisals, etc.) to process and complete mortgage loan files. Being an Entry Mortgage Loan Processor provides management with reports of loan activities. Ensures all documents are prepared and finalized in compliance with policies and procedures. In addition, Entry Mortgage Loan Processor requires a high school diploma or its equivalent. Typically reports to a supervisor. Being an Entry Mortgage Loan Processor possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience.