Commercial mortgage broker vs consumer loan underwriter

Differences between commercial mortgage broker and consumer loan underwriter duties and responsibilities

Commercial mortgage broker example responsibilities.

• Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
• Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
• Originate residential prime, sub-prime, and commercial mortgages.

Consumer loan underwriter example responsibilities.

• Ensure proper coding are accomplished by determining the appropriate code in accordance with ICD-9 and CPT guidelines.
• Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
• Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
• Manage the organization's HMDA data and accurately complete the government reporting annually.
• Render underwritten decisions and subsequently clear conditions per underwriting policies and procedures, including knowledge of FNMA and FMLMC guidelines.
• Generate and distribute IRB committee meeting minutes in accordance with appropriate federal regulations.
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