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Mortgage Processor Jobs in Reston, VA (NOW HIRING)

Mortgage Loan Partner II

Ashburn, VA ยท On-site

$40K - $56K/yr

Waterstone Mortgage is seeking an experienced Loan Partner to join a growing mortgage team! This ... Work as a liaison for Loan Originators and with processing to help coordinate weekly pipeline ...

Mortgage Loan Officer

Chantilly, VA ยท On-site +1

$100K/yr

... mortgage process from application to closing โ€ข Recommend appropriate loan programs based on client goals and financial profiles โ€ข Maintain compliance with federal, state, and company lending ...

Guide clients through the entire mortgage process from application to closing * Recommend appropriate loan programs based on client goals and financial profiles * Maintain compliance with federal ...

Advise and educate clients on the home-buying or refinancing process and how to better manage their mortgages * Own and build your business within USA Mortgage with the support of our team ...

Advise and educate clients on the home-buying or refinancing process and how to better manage their mortgages * Own and build your business within USA Mortgage with the support of our team ...

Mortgage Loan Officer Position! LBC Mortgage is looking for a licensed Mortgage Loan Officer to ... Team of professional in-house processors-they will help you structure deals ; loan officer ...

Mortgage Loan Officer Position! LBC Mortgage is looking for a licensed Mortgage Loan Officer to ... Team of professional in-house processors-they will help you structure deals ; loan officer ...

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Mortgage Processor information

See Reston, VA salary details

$29.6K

$53K

$98.3K

How much do mortgage processor jobs pay per year?

As of Jul 8, 2026, the average yearly pay for mortgage processor in Reston, VA is $52,957.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,600.00 and $57,200.00 per year, depending on experience, location, and employer.

What does a processor do for a mortgage?

A mortgage processor reviews and verifies all necessary documents, such as income, employment, and credit information, to ensure they meet lender requirements. They compile and submit the application package for approval, coordinate with borrowers and underwriters, and track the loan's progress throughout the approval process.

What are the most common challenges faced by mortgage processors, and how can they be managed effectively?

Mortgage processors often encounter tight deadlines and frequent changes in documentation requirements, which can make staying organized challenging. Managing multiple loan files at different stages of completion requires strong attention to detail and effective communication with loan officers, underwriters, and clients. To succeed, it's helpful to develop robust organizational systems, stay updated on lending guidelines, and build excellent relationships with team members to quickly resolve any issues that arise during the process.

What are the key skills and qualifications needed to thrive as a Mortgage Processor, and why are they important?

To thrive as a Mortgage Processor, you need a solid understanding of loan products, mortgage regulations, and financial documentation, typically supported by experience in the finance or real estate industry. Familiarity with loan origination systems (LOS), automated underwriting tools, and compliance software is essential. Strong organizational skills, attention to detail, and effective communication set outstanding processors apart. These skills ensure accurate, timely processing of loan applications, minimizing errors and delays while maintaining regulatory compliance.

What is a mortgage processor's job?

A mortgage processor reviews and verifies loan applications, ensuring all required documentation is complete and accurate. They coordinate with lenders, underwriters, and borrowers to facilitate the approval process and may use loan processing software to track progress. Strong attention to detail and knowledge of lending guidelines are essential for this role.

What are mortgage processors?

Mortgage processors are professionals who handle and organize the documentation and information required to process a mortgage loan application. They act as a liaison between the borrower, loan officer, and underwriter, ensuring that all necessary paperwork is complete, accurate, and submitted on time. Their responsibilities include verifying employment and financial information, ordering credit reports, coordinating appraisals, and tracking the progress of the loan application to ensure it moves smoothly toward approval and closing.

How much does a loan officer make on a $500,000 loan?

A mortgage processor typically does not earn a commission based on loan amounts; however, loan officers often earn a commission or fee that can range from 0.5% to 1% of the loan amount. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the lender and compensation structure.

How much do processors get paid?

Mortgage processors typically earn between $40,000 and $65,000 annually, depending on experience, location, and employer. Some may also receive bonuses or commissions, and the role often requires strong attention to detail and familiarity with loan processing software.
More about Mortgage Processor jobs
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What cities near Reston, VA are hiring for Mortgage Processor jobs? Cities near Reston, VA with the most Mortgage Processor job openings:
Mortgage Loan Partner II

Mortgage Loan Partner II

Waterstone Mortgage

Ashburn, VA โ€ข On-site

$40K - $56K/yr

Other

Re-posted yesterday


Job description

SUMMARY:
Waterstone Mortgage is seeking an experienced Loan Partner to join a growing mortgage team! This role requires strong front-end loan expertise. The ideal candidate is comfortable taking applications, structuring loan scenarios, running credit, pre-approving clients, and clearly explaining loan programs to borrowers. This position is highly client-facing and requires confidence, accuracy, and the ability to manage multiple active files while keeping transactions on track. The role is open to remote and offers the opportunity to play a key role in supporting consistent production and client experience. If this sounds like a good fit for you, we welcome your application!
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Function as the primary contact and liaison between clients, Branch Manager, Sales Manager and/or assigned Loan Originators.
  • Responsible for taking applications over the phone and scheduling appointments.
  • Work as a liaison for Loan Originators and with processing to help coordinate weekly pipeline meetings with each Loan Originator for accurate file tracking.
  • Responsible for submitting complete loan applications for each customer file. By completing all items on the checklist before submission.
  • Track all requested documents in Encompass
  • Review documentation received within 24 hours of receipt for discrepancies, omitted data, verified income calculation, asset verification and Encompass updates based on verified information.
  • Contact customer within 24 hours of receiving the loan file and call them on a weekly basis to give a status update to file
  • Phone the realtor to introduce yourself within 24 hours of receiving the loan file and call them on a weekly basis to give a status update to the file.
  • Immediately notify Loan Originators when any discrepancies are found on documentation. Loan Originator will determine necessary remedies.
  • Respond to customer inquiries and other related parties on a transaction as needed in a timely fashion.
  • Run Automated Underwriting with updated Encompass file and read what the required documentation will be that is needed. Make sure that Automated Underwriting results match Encompass.
  • Order FHA and VA case numbers on government sites.
  • Order Title Commitments, Appraisal and Flood Insurance on the file.
  • Responsible to meet deadline dates on the loan contracts along with rate lock expiration dates.
  • Partner with Loan Originators in resolving problems on files/documents.
  • Ensure files are complete and set-up in accordance with WMC policy and procedures.
  • Attend all Branch/team meetings.
  • Maintain contact with client throughout loan process.
  • Maintain up-to date status information for all files with a weekly meeting scheduled with the Loan Originators keeping them on track, notified of all transaction details and status of closings.
  • Call the customer and realtor referral partners every week, preferably picking the same date weekly to give a status update on the loan file.
  • Ability to maintain pipeline of 15 files or more and or two or more Loan Originators.
  • Reviews approved mortgage loans to determine conditions that must be met prior to closing. This includes but is not limited to all documentation that pertains to the loan file private mortgage insurance, title, hazard insurance and flood determination and other underwriting conditions as outlined by the Underwriter. Ensure that all items are cleared and proper documentation is in each file prior to completing the closed package.
  • Once file is out of Underwriting if additional documentation or information is needed for the file, immediately notify the borrower. Maintain a sense of urgency and inform the customer we need this information within 48 hour
  • Set reminders of loan commitment and closing dates to meet these deadline dates
  • Verify accuracy and consistency of information in file to ensure "closing" documents are prepared according to investor/product guidelines and work closely with the Loan Processor to assure the file is ready for closing.
  • Answers question regarding closing requirements from, but not limited to other staff members, vendors and investors.
  • Communicate with Title companies, Realtors, Loan Originators and Borrowers to schedule/confirm the time, day and place the closing will take place.
  • Responsible for the development, implementation and management of an "annual review calls" with clients.
  • Knowledge of current state's mortgage lending laws
  • Cross training ability to learn other positions to help the Branch when vacations and illness occur
  • Must be able to work under pressure.
  • Must possess excellent organizational skills.
  • Maintain strict confidentiality regarding customer's account and other information.
ADDITIONAL DUTIES:
  • Complete any additional duties assigned by management
  • Complete regulatory and compliance certification and training, as required.
  • Assist WMC employees and departments as needed
ATTRIBUTES OF SUCCESSFUL LOAN PARTNERS
  • Outgoing
  • Flexible
  • Punctual
  • Self-driven
  • Motivated
  • Goal Oriented
  • Team player

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE: A high school diploma or general education degree (GED) is required as well as five years of conventional fixed and ARM, HELOC and construction mortgage loan processing experience. Extensive knowledge of VA and FHA products is required.
COMPUTER SKILLS: Proficient knowledge in Microsoft Office is required. Prior experience on Encompass LOS system or other mortgage processing software is required, DU, LP and other automated engine submissions experience is preferred.
CERTIFICATES, LICENSES, REGISTRATIONS: A federal registration through Nationwide Mortgage Licensing System (NMLS) is required. However, individuals in this position are not eligible to receive loan officer commission.
Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.