Loan coordinator vs loan services representative

Differences between loan coordinator and loan services representative duties and responsibilities

Loan coordinator example responsibilities.

• Manage individual pipeline using the LPS system.
• Assist in preparation of all disclosures following RESPA requirements of the time on multiple files.
• Fund loans after closing and perform quality assurance measures in order to be in compliance with RESPA guidelines.
• Review, analyze, and process complex individual consumer requests using conventional and FHA lending requirements.
• Demonstrate technical expertise and project management skills necessary for preparing complex residential loan applications for conventional or FHA underwriter approval.
• Process routine to moderately complex conventional or VA mortgage loans according to product guidelines through validation of credit and collateral documentation.
Show more

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.
Show more