Loan coordinator vs mortgage loan specialist

Differences between loan coordinator and mortgage loan specialist 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.
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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.