JOB SKILLS AND REQUIREMENTS. 1  Math: Loan processors may have to calculate credit scores and other duties that require basic math skills. 2  Communication: Loan processors talk with applicants to get their personal and financial information, as well as explain loan procedures to applicants.
The definition of bimonthly is happening every two months, or it could be used in place of semimonthly to mean twice a month. 1  An example of bimonthly used as an adjective is the phrase a bimonthly bill which means a bill that comes every two months. An example of bimonthly used as an adjective is the phrase a bimonthly paycheck which means a paycheck that comes two times a month.
DEFINITION of 'Biweekly Mortgage'. A mortgage with principal and interest payments due every two weeks. A biweekly mortgage adds up to 26 payments per year, two payments more than a mortgage with semimonthly payments. These two extra payments significantly lower the interest payments paid over the life of the mortgage.In addition, biweekly payments are usually lower than semimonthly payments.Next Up. biweekly mortgage adds up to 26 payments per year, two payments more than a mortgage with semimonthly payments. These two extra payments significantly lower the interest payments paid over the life of the mortgage. In addition, biweekly payments are usually lower than semimonthly payments. Next Up.