Loan auditor vs senior loan processor

Differences between loan auditor and senior 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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Senior loan processor example responsibilities.

• Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
• Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
• Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
• Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
• Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
• Create charts and client files using calyx system.
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