Loan auditor vs loan documentation specialist

Differences between loan auditor and loan documentation specialist duties and responsibilities

Loan auditor example responsibilities.

• Manage the organization's HMDA data and accurately complete the government reporting annually.
• Research and respond to questions from FHA, VA and conventional loan lenders.
• Review the HUD-1 settlement statement RESPA disclosures are properly execute with the settlement and disbursement dates, and fees is correct.
• Review the VA loan analysis against the system for accuracy.
• Work on FHA deals that require in-depth knowledge of special guidelines.
• Produce accurately audit loan package properly identifying loan defects, paying particular attention to RESPA, HUD & GFE guidelines.
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Loan documentation specialist example responsibilities.

• Manage successful audit with FHLMC.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Review file and enter in information into the loan origination system LIS.
• Review the loan for compliance with RESPA tolerances, TILA.
• Generate and review, HUD, financial statements, fiscal analyses and other financial reports for property acquisition.
• Process fees and prepare documents for closing; go over HUD-1 with clients for cash to/from close during signing.
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