Loan processor vs loan services representative

Differences between loan processor and loan services representative duties and responsibilities

Loan processor example responsibilities.

• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Review and verify documentation consistent with company policies and compliance of FNMA, FHLMC, FHA/VA, USDA guidelines.
• Gather all documentation necessary to process mortgage loans in accordance with FNMA and credit union guidelines/requirements.
• Disclose and re-disclose the LE's and Prelim TRID require CD.
• Upload monthly reports to FHLMC including principal & interest reports, delinquent loans and appraisals.
• Ensure conditions on USDA commitments are met and loan files are prepared for closing on time.
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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.
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