Mortgage Loan Processor Mock Interview

To help you prepare for your Mortgage Loan Processor interview, here are 34 interview questions and answer examples.

Mortgage Loan Processor was written by and updated on March 19th, 2021. Learn more here.

Question 1 of 34

What is your greatest strength?

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List of 34 Mortgage Loan Processor Interview Questions & Answers

  1. 1.

    What is your greatest strength?

  2. 2.

    Do you feel you do a good job of juggling multiple tasks at one time on a consistent basis?

  3. 3.

    What's your ideal company to work for?

  4. 4.

    What do you feel is your favorite thing about loan processing?

  5. 5.

    What do you know about our company?

  6. 6.

    What lenders have you worked with? Which are you most familiar with?

  7. 7.

    On a scale of 1-10 with 10 being highest, how confident are you with your knowledge and skill in Loan Prospector (LP)?

  8. 8.

    How confident are you with calculating Loan-To-Value ratios?

  9. 9.

    How familiar are you with Truth In Lending regulations? How closely do you follow this federal mandate?

  10. 10.

    Tell me about your education/training.

  11. 11.

    How often are you given new business through referrals?

  12. 12.

    During the loan process, if someone is not doing their job right, what do you do?

  13. 13.

    Why do you believe you are a good fit for our company culture?

  14. 14.

    How confident are you in making crucial decisions?

  15. 15.

    Do you work well under pressure?

  16. 16.

    Where do you see yourself in 5 years?

  17. 17.

    How reliable of a worker are you?

  18. 18.

    What is your greatest weakness? What are you doing to improve it?

  19. 19.

    What are your career goals as a Mortgage Loan Processor?

  20. 20.

    What are the biggest challenges you face in processing?

  21. 21.

    What have you done in the past year to make yourself a better Mortgage Loan Processor?

  22. 22.

    How do you determine your daily work priorities?

  23. 23.

    Do you have experience using Desktop Originator?

  24. 24.

    Are you familiar with the Fannie Mae and Freddie Mac Selling Guides?

  25. 25.

    On a scale of 1-10 with 10 being highest, how confident are you with your knowledge and skill in Desktop Underwriter (DU)?

  26. 26.

    How confident are you with reviewing pay stubs to calculate income accurately? Walk me through your calculations.

  27. 27.

    Why do you think you are the strongest candidate for the job? Explain what makes you different and/or more valuable than other Mortgage Loan Processors?

  28. 28.

    What skills do you feel are most essential in order to be a successful Mortgage Loan Processor?

  29. 29.

    Do you enjoy talking to clients, and building relationships with them?

  30. 30.

    Name for me four different types of mortgages and why a client would select each one.

  31. 31.

    Where at in the processing do you usually run into delays, and what steps do you take to avoid them?

  32. 32.

    Which loan origination system software are you most familiar with?

  33. 33.

    How do you react when a client receives an unfavorable mortgage decision that is outside of your control?

  34. 34.

    How well do you feel you know standard Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) guidelines?