Loan doc specialist vs loan coordinator

Differences between loan doc specialist and loan coordinator duties and responsibilities

Loan doc specialist example responsibilities.

• Manage a pipeline of FHA and conforming conventional mortgage loans for refinance and purchase through closing.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Pull LDP/GSA list, FHA CAIVR numbers, VA certificate of eligibility, VA case numbers and VA appraisals.
• Schedule loan closing and review final HUD-1 to verify fees are appropriate and within guidelines.
• Review final HUD-1, payment plan, calculations and closing documents for accuracy, prepare package for funding to review.
• Make sound business decisions base on credit risk policy and procedures in accordance with TILA, ECOA, and RESPA guidelines.
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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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