Mortgage Loan Processor Salary in Delaware

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.