Farm loan representative vs mortgage broker

Differences between farm loan representative and mortgage broker duties and responsibilities

Farm loan representative example responsibilities.

• Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
• Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
• Communicate to a small team basic loan restructuring possibilities to assist customers in resolving delinquency and avoiding foreclosure.

Mortgage broker example responsibilities.

• Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
• Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
• Originate residential conventional, VA, home equity, commercial and construction loans.
• Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
• Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
• Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.
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