Senior loan consultant vs senior loan processor

Differences between senior loan consultant and senior loan processor 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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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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