Mortgage processor vs mortgage loan specialist

Differences between mortgage processor and mortgage loan specialist duties and responsibilities

Mortgage processor example responsibilities.

• Manage applicant s mortgage applications from origination to closing, ensuring service excellence and adhering to federal and compliance guidelines
• Function in processing role for streamline first market mortgage transactions pursuant to Fannie, Freddie, VA and FHA policy guidelines.
• Support FNMA portfolio loans in default and imminent default loans with a focus on loan modifications.
• Work directly with FNMA counselors to negotiate mortgage terms for the homeowner that will prevent foreclosure.
• Comply with bank, investor and regulatory guidelines while having a strong understanding of RESPA, HDMA, and ECOA guidelines.
• Generate accurate RESPA require disclosures.
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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.