Loan auditor vs loan services representative

Differences between loan auditor and loan services representative 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 services representative example responsibilities.

• Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
• Track, compile, and send HUD and VA binders off to respective government agency.
• Approve final numbers on HUD closing contract, turn in final sign contract to lender for funding.
• Provide research support functions to management and sales representatives on check copies, ACH maintenance and speed-pay income.
• Complete address changes, respond to emails, opt out requests, return mail, ACH inquiries and enrollment.
• Provide internal and external customers with require foreclosure documents while meeting require deadlines.
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