Senior loan consultant vs senior underwriter

Differences between senior loan consultant and senior underwriter 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 underwriter example responsibilities.

• Manage AUS findings and analyze approvals and results accordingly.
• Perform underwriter approval/declines on FHA, VA, FmHA and conventional loan applications providing financing for one-to-four family residential properties.
• Fix and n variable annuities.
• Check for the accuracy and proper recording of UCC filings and mortgages.
• Order and review flood searches, title reports, UCC searches, appraisals, insurance policies and binders, and contracts.
• Review preliminary HUD-1 for accuracy.
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