Loan broker vs commercial underwriter

Differences between loan broker and commercial underwriter duties and responsibilities

Loan broker example responsibilities.

• Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
• Prepare loan packages for submittal to SBA.
• Quoted rates for various scenarios, and lock FHA and VA loans.
• Engage in full spectrum of commercial lending SBA, conventional and non-conventional.
• Originate full line of mortgage products including conforming, non-conforming, FHA and VA.
• Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
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Commercial underwriter example responsibilities.

• Handle new and renewal multi-line policies.
• Quoted new business and handle multi-line commercial accounts for this retailer.
• Front office administration; maintain A/R and A/P for 1000+ commercial lines clients and 2000+ personal lines clients.
• Market banking services to individuals, as well as to small businesses and corporations through networking and cross-selling.
• Update loan origination systems to ensure that pipeline reports reflect the most current status for active loan in process.
• Work along with the owner and accounting staff on all financial matters, A/R, A/P, payroll, and taxes.
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