Senior loan consultant vs mortgage broker

Differences between senior loan consultant and mortgage broker duties and responsibilities

Senior loan consultant example responsibilities.

• Manage all HMDA reporting, and performing post-closing review of loan documentation.
• Specialize in mortgage lending for customers with complex credit portfolios and government loan programs to include FHA and VA loans.
• Originate loans through FHA and conventional lenders through knowledge of programs guidelines and availability, following all of RESPA guidelines.
• Maintain customer files and documents in RESPA compliance.
• Oversee entire mortgage process including application, origination, underwriting and closing.
• Create and implement training protocol for new recruits across origination, processing and post-closing.
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Mortgage broker example responsibilities.

• Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
• Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
• Originate residential conventional, VA, home equity, commercial and construction loans.
• Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
• Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
• Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.
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