Loan doc specialist vs loan servicing specialist

Differences between loan doc specialist and loan servicing specialist 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.
Show more

Loan servicing specialist example responsibilities.

• Manage the non-judicial and judicial FNMA foreclosure portfolio.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Coordinate and schedule settlements upon final loan approval and review HUD-1 for reconciliation of itemize financial data.
• Train new hires in the MSP system to ensure they understand how to gather data and for escrow analysis.
• Prepare internally generate commercial loan documentation for all states the organization does business in.
• Work with LIS, LPS, and ESO program.
Show more