One of the fastest-growing jobs in the US currently is that of mortgage loan processor. Also known as loan officers, loan interviewers, and loan clerks, their work balances customer service with the need for keen attention to detail.
The US Bureau of Labor Statistics projects that this field will grow by 8 percent through 2024.
What Do Mortgage Loan Processors Do?
Mortgage loan processors help clients complete mortgage loan applications. They help their clients assemble all the necessary employment and financial data, determine the value of various assets and debts, and calculate monthly expenses. They also double-check information submitted by clients.
Mortgage loan officers also work closely with loan underwriters to ensure that all necessary paperwork is filled out fully and accurately.
Because mortgage loan requirements can be complex, many mortgage loan processors benefit from being fluent in multiple languages. Being bilingual or trilingual allows these professionals to better serve a wider range of loan seekers.
What Do I Need to Become a Mortgage Loan Processor?
Most mortgage loan processors have a bachelor’s degree and professional certification in their field. Additional education may be available through your workplace, or your employer may support continuing education through tuition reimbursement, flexible work hours or other means.
Typically, a mortgage loan processor will have opportunities for promotion and advancement during their career. These promotions are most often based on experience and competency at the job, making them a promising source of career advancement for professionals who enjoy the challenge of doing their work well.
Where Can I Find a Great Mortgage Loan Processor Job in Minnesota?
Look for a recruiter that helps place mortgage loan processors and similar professionals in your city or state. A staffing firm that works with the types of companies you want to work for will be familiar with the available jobs and opportunities. They’ll also be able to help you position yourself as the ideal candidate for your dream position.
Work With The Right Staff
At THE RIGHT STAFF, LLC, our recruiters help Minnesota job-seekers connect to some of the hottest jobs and employers available. Contact us today to learn more.