Mortgage collector vs mortgage specialist

Differences between mortgage collector and mortgage specialist duties and responsibilities

Mortgage collector example responsibilities.

• Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
• Follow rules and regulations of the FDCPA to ensure all transactions are done within the proper guidelines.
• Answer any billing questions or issues regarding the account using knowledge of the FDCPA laws and light skip tracing.
• Develop effective partnerships with non-profit organizations and community developments to improve origination of affordable housing loans for first time home buyers.
• Prepare financial paperwork and set up ACH and credit card for recurring payments.
• Resolve mortgage/car/home equities and over draft accounts.

Mortgage specialist example responsibilities.

• Manage internal team SharePoint and document repository.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Work due diligence and process loans per FHLMC guidelines on conventional, USDA, FHA/VA and CHFA/DAP loans.
• Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans.
• Review HUD-1's to confirm fees and charges with initial GFE and RESPA compliance, order wire and provide funding approval.
• Maintain a working knowledge of FDCPA and RESPA guidelines.
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