Home mortgage consultant vs consumer loan underwriter

Differences between home mortgage consultant and consumer loan underwriter duties and responsibilities

Home mortgage consultant example responsibilities.

• Analyze applications to manage customer data and ensure an accurate loan origination process for purchase and refinance transactions.
• Originate home loans for customers with various financing needs that include conventional, VA & FHA loans and high-risk consumers.
• Advise customers regarding other foreclosure prevention alternatives including short sale and deed in lieu.
• Register with NMLS and S.A.F.E.
• Determine workout options including loan modifications, pre-foreclosure sale, deed in lieu, repayment plans and forbearance agreements.
• Continue with on going training for new or experience collection counselor about information systems and collection guidelines in accordance with FDCPA.
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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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