Consumer loan underwriter vs commercial underwriter

Differences between consumer loan underwriter and commercial underwriter duties and responsibilities

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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Commercial underwriter example responsibilities.

• Handle new and renewal multi-line policies.
• Quoted new business and handle multi-line commercial accounts for this retailer.
• Front office administration; maintain A/R and A/P for 1000+ commercial lines clients and 2000+ personal lines clients.
• Market banking services to individuals, as well as to small businesses and corporations through networking and cross-selling.
• Update loan origination systems to ensure that pipeline reports reflect the most current status for active loan in process.
• Work along with the owner and accounting staff on all financial matters, A/R, A/P, payroll, and taxes.
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