MockQuestions

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 updated by on March 19th, 2021. Learn more here.

Question 1 of 34

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

This question will allow you to demonstrate your familiarity with the process, job knowledge, and proactive problems solving skills. If a client, department or co-worker caused you problems in the past, avoid bashing them, instead talk about how they were a problem, and you planned ahead to avoid this bottleneck.

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34 Mortgage Loan Processor Interview Questions & Answers

Below is a list of our Mortgage Loan Processor interview questions. Click on any interview question to view our answer advice and answer examples. You may view six answer examples before our paywall loads. Afterwards, you'll be asked to upgrade to view the rest of our answers.

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

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

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

  • 4. How confident are you in making crucial decisions?

  • 5. 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?

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

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

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

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

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

  • 11. Which loan origination system software are you most familiar with?

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

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

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

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

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

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

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

  • 19. Tell me about your education/training.

  • 20. How reliable of a worker are you?

  • 21. What do you know about our company?

  • 22. How often are you given new business through referrals?

  • 23. What is your greatest strength?

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

  • 25. What are your career goals as a Mortgage Loan Processor?

  • 26. Where do you see yourself in 5 years?

  • 27. What's your ideal company to work for?

  • 28. What are the biggest challenges you face in processing?

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

  • 30. Do you work well under pressure?

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

  • 32. How do you determine your daily work priorities?

  • 33. What lenders have you worked with? Which are you most familiar with?

  • 34. Do you have experience using Desktop Originator?