Loan auditor vs mortgage loan processor

Differences between loan auditor and mortgage loan processor 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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Mortgage loan processor example responsibilities.

• Manage individual pipeline using the LPS system.
• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Process all types of loan products including FHA, VA, conventional, no income verification, and the self-employed borrower.
• Assist with executing all loan sales in the secondary market to FNMA, FHLMC and private investors.
• Verify and validate loan applications for conforming, FHA, VA applications via DU/LP and complex lender software programs.
• Process USDA and conventional loans.
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