Senior mortgage consultant vs senior loan processor

Differences between senior mortgage consultant and senior loan processor duties and responsibilities

Senior mortgage consultant example responsibilities.

• Manage files from origination to closing, and accurately organize and review all documents for processing.
• Originate and process mortgage loans (FHA, VA, conforming and non-conforming loans).
• Full accountability for loan origination, underwriting and servicing, successfully cultivating a large and intensely-loyal client base.
• Price out loans, retrieve and submit RESPA & income documentation to the bank (s).
• Negotiate an exclusive marketing agreement with 2 REMAX offices and a builder that generate over 1.5 million/month in FHA business.
• Establish communication with escrow officers, processors, loan officers and underwriter regarding loan status and/or missing information.
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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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