Processor vs loan servicing specialist

Differences between processor and loan servicing specialist duties and responsibilities

Processor example responsibilities.

• Manage the project schedule and design the PowerPoint presentation.
• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
• Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
• Obtain title policies and process title claims to expedite REO closings and obtain clear title to properties in numerous states.
• Mail clerk, stamp, open, count mail and match checks with EOB 's
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Loan servicing specialist example responsibilities.

• Manage the non-judicial and judicial FNMA foreclosure portfolio.
• Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
• Coordinate and schedule settlements upon final loan approval and review HUD-1 for reconciliation of itemize financial data.
• Train new hires in the MSP system to ensure they understand how to gather data and for escrow analysis.
• Prepare internally generate commercial loan documentation for all states the organization does business in.
• Work with LIS, LPS, and ESO program.
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