Mortgage loan processor checklist pdf 2025

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  1. Click ‘Get Form’ to open the mortgage loan processor checklist PDF in the editor.
  2. Begin by filling in the Broker Name, LO Name, and their respective emails at the top of the form. This establishes the primary contacts for the loan processing.
  3. Proceed to enter borrower details including Borrower Name, Co-Borrower Name, and Non-Borrower Name. Ensure all email addresses are accurately filled out for effective communication.
  4. Complete the Loan Information section by entering Loan #, Loan Program, Loan Amount, Sales Price/Appraised Value, Property Type, Occupancy status, and Estimated Closing Date.
  5. Review and select whether this loan is a Lender Paid or Borrower Paid Origination. Fill in any applicable fees charged by UHM as listed in the document.
  6. Ensure all required disclosures are checked off and included as per the guidelines provided in the documentation requirements section.
  7. Finally, gather all necessary documentation as outlined at the end of the checklist to ensure a complete submission.

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Youll need to make big decisions about mortgage types, lenders, and properties. However, at its most basic level, the mortgage process involves only six steps: pre-approval from mortgage lenders, house shopping, mortgage application, loan processing, underwriting, and closing.
The ideal candidate has a high school diploma/GED or a certificate in a loan processing program from an accredited university. Current students working towards an associates or bachelors degree in finance or a related field are also under consideration.
To begin your Processor career path, a Bachelors Degree in Business or a related field is usually necessary in order to remain a competitive option for employers.
As of Mar 17, 2025, the average hourly pay for a Loan Processor in California is $21.02 an hour. While ZipRecruiter is seeing salaries as high as $30.37 and as low as $13.52, the majority of Loan Processor salaries currently range between $17.79 (25th percentile) to $23.70 (75th percentile) in California.
The time it takes to become a loan officer depends on what kind of schedule works best for you and how quickly you can work through the licensing requirements. Typically, it takes 45 days to complete the necessary requirements to become a licensed mortgage loan officer.
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Being a great mortgage loan processor, like many professions, requires both hard and soft skills. Mortgage professionals can get pretty busy, so time-management skills and the ability to meet multiple deadlines are important. Keep in mind that youll be client-facing, so some customer service aptitude is necessary.
Preferred qualifications Background in finance. Working knowledge of loan origination software like nCino or FIS. Experience in a customer service role. Successful completion of a loan processor certification program.

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