Is it unethical to be a loan processor for two companies that compete with each other?

Yes....you broke your contract rules

Is it unethical to be a loan processor for two companies that compete with each other?

Not if you are operating as an independant processor. Also it wouldnt be unethical if both companies knew that you were doing the processing for each other. Also, if you are employed by %26quot;Company A%26quot;, it would be unethical to take calls or to do work for %26quot;Company B%26quot; on Company A%26#039;s time.

As a side note, a reputable financial institution does not need to compete with other companies for business. Secondly a loan processor working for a reputable company will probably be too busy to take 2 jobs.

Is it unethical to be a loan processor for two companies that compete with each other?

Yes, and conflicting with each other... i%26#039;ve found that when one has to ask that the answer is usually yes (in these cases), perhaps the $ is your motivation in working for 2 competing company%26#039;s...

you may want to resolve this or you lose both jobs... think of it from their perspective