Mortgage loan specialist vs post closer

Differences between mortgage loan specialist and post closer duties and responsibilities

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.

Post closer example responsibilities.

• Manage individual pipeline using the LPS system.
• Review all types of loans (i.e., conventional, FHA, VA) for program accuracy and compliance.
• Prepare HUD-1 settlement statements, review balance sheet, doc prep closing package, disburse checks and balance ledgers.
• Partner with secondary investors to resolve loan irregularities to ensure files meet HUD, HMDA, and RESPA guidelines.
• Review Hud-1 or settlement statements for accuracy.
• Prepare conveyance package for clients.
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