Loan counselor vs finance aid coordinator

Differences between loan counselor and finance aid coordinator duties and responsibilities

Loan counselor example responsibilities.

• Manage portfolio of GSE assets that are actively pursuing liquidation or retention options to cure default.
• Experience in SBA underwriting that has produce SBA loan approval.
• Perform account reviews to ensure associates perform logical progressions of collection efforts and maintain FDCPA guidelines.
• Provide early delinquency counseling to CalHFA customers who have conventional or FHA type of loans.
• Exercise servicing standards put in place by the FHA, VA, USDA and other private labels.
• Resolve accounts using effective negotiating tools and appropriate system documentation in accordance with FDCPA and company's guidelines.
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Finance aid coordinator example responsibilities.

• Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
• Administer quality financial aid consulting to parents and students to ensure accurate completion of all necessary FAFSA documents.
• Review, verify, and determine eligibility for FAFSA applications, distributing financial aid and award letters as necessary.
• Work with disbursements, Pell over awards, and default management.
• Post loan, Pell grant and SEOG grant payments to the student account summaries.
• Add newly enroll students to NSLDS and to check for prior loans and/or defaults, prior to start.
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