Loan review analyst vs mortgage broker

Differences between loan review analyst and mortgage broker duties and responsibilities

Loan review analyst example responsibilities.

• Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
• Approve or deny files according to FHA by origination underwriter guidelines.
• Perform full and partial post-closing audits and reviews on conforming, non- conforming loans sell to FNMA, FHLMC and FHA.
• Work closely with attorneys on daily basis to discuss need documents and possible mitigation or litigation strategies on foreclosure and bankruptcy matters
• Evaluate consumer mortgages in accordance with USDA procedures and guidelines.
• Analyze borrower credit profile using USDA's GUS system and manual underwrite process.
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Mortgage broker example responsibilities.

• Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
• Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
• Originate residential conventional, VA, home equity, commercial and construction loans.
• Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
• Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
• Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.
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