Mortgage loan processor vs mortgage loan specialist

Differences between mortgage loan processor and mortgage loan specialist duties and responsibilities

Mortgage loan processor example responsibilities.

• Manage individual pipeline using the LPS system.
• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Process all types of loan products including FHA, VA, conventional, no income verification, and the self-employed borrower.
• Assist with executing all loan sales in the secondary market to FNMA, FHLMC and private investors.
• Verify and validate loan applications for conforming, FHA, VA applications via DU/LP and complex lender software programs.
• Process USDA and conventional loans.
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Mortgage loan specialist example responsibilities.

• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Investigate and resolve, borrower complaints, inquiries and disputes in accordance with RESPA establish procedures.
• Clear post-closing FHA and VA deficiency items to ensure loans meet federal loan guidelines and ensure they are salable.
• Process FHA and VA loan information, post-closing, ensure that initial payments receive were forward to the proper department.
• Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
• Determine loan DU eligibility and submit files to underwriting department.