What Is the Job Description of a Mortgage Processor?

Mortgage processors help borrowers navigate the loan process for buying a residential or commercial property, among other duties. Find out more about this career field, and check the requirements for becoming a mortgage processor. Get info about certification options, salary potential and employment outlook. Schools offering Real Estate degrees can also be found in these popular choices.

Career Overview

According to the National Association of Mortgage Processors (NAMP), mortgage processors take information gathered by the loan officers to review and verify all aspects of a mortgage loan from pre-approval to closing (www.mortgageprocessor.org). In this position, you would send this information to an underwriter for loan approval.

You would also pre-qualify loans, help the borrower fill out loan applications and other documents, work to ensure all information is accurate, and close the loan. Mortgage processors are responsible for assessing a borrower's credit history, looking for a history of late payments, bankruptcy, and bad credit. Another important aspect of the job is to acquire the appraisal value of the property, as well as verify the borrower's income and employment.

Important Facts About Mortgage Processors

Required Education Bachelor's degree, but some employers will accept a high school diploma and equivalent work experience
Licensure Mortgage Loan Originator (MLO)
Work Environment Banks, credit unions, mortgage companies, and other financial institutions
Similar Occupations Financial examiners, financial managers, tellers, personal finance advisors, real estate brokers and sales agents


In December 2015 Careerbuilder.com job postings for mortgage processors, the necessary experience required to perform the duties of the job varied depending on the employer and specific job duties. Some employers sought at least a minimum of two years of previous mortgage loan processing experience, such as working with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, or knowledge of mortgage regulations.

Other employers wanted at least five years of experience in banking or working with mortgages. In order to succeed in this career, you will also need skills in customer service, organization, and communication, as well as knowledge of computers and applications. You may also consider obtaining a related degree, such as a bachelor's degree in finance or accounting, to increase your job prospects.


The NAMP offers certification benefits for its members, along with training courses that can help further a career in the mortgage industry as a processor. For example, if you are just starting out as a mortgage processor, you may benefit from the Certified Purple Processor credential.

If you are already a loan processor and want to further your career, the Certified Master Loan Processor certification may be a better fit. To earn this certification, you need at least five years of mortgage processing experience or documented training through NAMP.

Other credentials include the ambassador loan processor, FHA credit examiner and FHA loss mitigation specialist certifications. To earn any of the above noted certifications, you must be a member of NAMP, agree to an ethics code of conduct, and pass a background check.

Salary Info and Job Outlook

According to PayScale.com, most mortgage loan processors earned between $26,656 and $51,007 a year as of September 2015. The U.S. Bureau of Labor Statistics (BLS, www.bls.gov) indicated that the employment of loan officers is projected to increase by about 8% between 2012 and 2022.

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