Application processor vs mortgage processor

Differences between application processor and mortgage processor 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.
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Mortgage processor example responsibilities.

• Manage applicant s mortgage applications from origination to closing, ensuring service excellence and adhering to federal and compliance guidelines
• Function in processing role for streamline first market mortgage transactions pursuant to Fannie, Freddie, VA and FHA policy guidelines.
• Support FNMA portfolio loans in default and imminent default loans with a focus on loan modifications.
• Work directly with FNMA counselors to negotiate mortgage terms for the homeowner that will prevent foreclosure.
• Comply with bank, investor and regulatory guidelines while having a strong understanding of RESPA, HDMA, and ECOA guidelines.
• Generate accurate RESPA require disclosures.
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