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Mortgage Loan Processor Interview Questions

34 Mortgage Loan Processor Questions and Answers by on March 31st, 2021

Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.

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Question 1 of 34

How reliable of a worker are you?

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Mortgage Loan Processor Interview Questions

  1. 1.

    How reliable of a worker are you?

  2. 2.

    How confident are you in making crucial decisions?

  3. 3.

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

  4. 4.

    What are your career goals as a Mortgage Loan Processor?

  5. 5.

    What's your ideal company to work for?

  6. 6.

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

  7. 7.

    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?

  8. 8.

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

  9. 9.

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

  10. 10.

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

  11. 11.

    What are the biggest challenges you face in processing?

  12. 12.

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

  13. 13.

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

  14. 14.

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

  15. 15.

    Do you have experience using Desktop Originator?

  16. 16.

    What is your greatest strength?

  17. 17.

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

  18. 18.

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

  19. 19.

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

  20. 20.

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

  21. 21.

    How do you determine your daily work priorities?

  22. 22.

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

  23. 23.

    Which loan origination system software are you most familiar with?

  24. 24.

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

  25. 25.

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

  26. 26.

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

  27. 27.

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

  28. 28.

    Tell me about your education/training.

  29. 29.

    What do you know about our company?

  30. 30.

    How often are you given new business through referrals?

  31. 31.

    Where do you see yourself in 5 years?

  32. 32.

    Do you work well under pressure?

  33. 33.

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

  34. 34.

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