Real estate loan officer vs senior loan processor

Differences between real estate loan officer and senior loan processor duties and responsibilities

Real estate loan officer example responsibilities.

• Manage a multifacete commercial real estate investment firm.
• Supervise loan from origination and application through processing and final disposition.
• Complete origination documents, obtain necessary signatures and deliver complete loan package to processing.
• Schedule property website implementation from template, update internet/social media advertising, and handle MLS entry.
• Train to use a mortgage calculator and experience using calyx point.

Senior loan processor example responsibilities.

• Work knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
• Monitor compliance with the regulatory and secondary markets guidelines with FNMA, FHLMC, VA, FHA investors and PMI loans.
• Process conforming, non-conforming, FHA, and VA files from the time of application to the day of funding.
• Analyze all pertinent financial and credit data to determine the loan risk for bank, VA, and investor guidelines.
• Process, close, and perform preliminary underwriting on conventional, FHA, and VA loans retail purchase and refinance.
• Create charts and client files using calyx system.
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