Application processor vs mortgage specialist

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

• Manage internal team SharePoint and document repository.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Work due diligence and process loans per FHLMC guidelines on conventional, USDA, FHA/VA and CHFA/DAP loans.
• Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans.
• Review HUD-1's to confirm fees and charges with initial GFE and RESPA compliance, order wire and provide funding approval.
• Maintain a working knowledge of FDCPA and RESPA guidelines.
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