Loan auditor vs mortgage loan specialist

Differences between loan auditor and mortgage loan 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.
Show more

Mortgage loan specialist example responsibilities.

• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Investigate and resolve, borrower complaints, inquiries and disputes in accordance with RESPA establish procedures.
• Clear post-closing FHA and VA deficiency items to ensure loans meet federal loan guidelines and ensure they are salable.
• Process FHA and VA loan information, post-closing, ensure that initial payments receive were forward to the proper department.
• Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
• Determine loan DU eligibility and submit files to underwriting department.