Contract processor vs underwriting assistant

Differences between contract processor and underwriting assistant duties and responsibilities

Contract processor example responsibilities.

• Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
• Process FHA, VA and CONV.
• Process and pre-underwrite FHA and conventional loans.
• Schedule closings and review final HUD report and any adverse compliance action.
• Recognize for being proficient in thinking outside the box for satisfactory documentation to clear underwriting conditions and RESPA regulations.
• Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
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Underwriting assistant example responsibilities.

• Create and manage a file documentation checklist for all UW's and UT's.
• Manage midterm transactions of assign book of business including: endorsements, cancellations and non-renewals.
• Process documentation within manage database systems and ImageRight system for the legal binding of commercial insurance risk.
• Assist underwriters in expediting new business, processing endorsements and/or modifying existing policies while achieving broker relationships.
• Request ledger pages on the AS/400 and review for accuracy.
• Specialize in processing commercial, development, residential, and SBA loans.
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