Mortgage broker vs home mortgage consultant

Differences between mortgage broker and home mortgage consultant duties and responsibilities

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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Home mortgage consultant example responsibilities.

• Analyze applications to manage customer data and ensure an accurate loan origination process for purchase and refinance transactions.
• Originate home loans for customers with various financing needs that include conventional, VA & FHA loans and high-risk consumers.
• Advise customers regarding other foreclosure prevention alternatives including short sale and deed in lieu.
• Register with NMLS and S.A.F.E.
• Determine workout options including loan modifications, pre-foreclosure sale, deed in lieu, repayment plans and forbearance agreements.
• Continue with on going training for new or experience collection counselor about information systems and collection guidelines in accordance with FDCPA.
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