Application processor vs loan documentation specialist

Differences between application processor and loan documentation specialist duties and responsibilities

Application processor example responsibilities.

• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Execute the origination process, including ordering credit reports, appraisals and preliminary title reports.
• Work in mailroom sorting mail by zip codes.
• Maintain A/P, A/R, and report payroll.
• Participate in specialty functions of all aspects of the mailroom.
• Utilize PeopleSoft and OnBase programs to classify and index data.
Show more

Loan documentation specialist example responsibilities.

• Manage successful audit with FHLMC.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Review file and enter in information into the loan origination system LIS.
• Review the loan for compliance with RESPA tolerances, TILA.
• Generate and review, HUD, financial statements, fiscal analyses and other financial reports for property acquisition.
• Process fees and prepare documents for closing; go over HUD-1 with clients for cash to/from close during signing.
Show more