Student loan correspondent vs consumer loan underwriter

Differences between student loan correspondent and consumer loan underwriter duties and responsibilities

Student loan correspondent example responsibilities.

• Develop Facebook strategy, execute launch and manage content.
• Proofread and edit correspondence for accuracy and quality standards.
• Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
• Analyze mortgagors for approval of HAMP or traditional modification.

Consumer loan underwriter example responsibilities.

• Ensure proper coding are accomplished by determining the appropriate code in accordance with ICD-9 and CPT guidelines.
• Innovate technical solutions, including development of complex macros within MSP, to automate work and reduce manual processes
• Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
• Manage the organization's HMDA data and accurately complete the government reporting annually.
• Render underwritten decisions and subsequently clear conditions per underwriting policies and procedures, including knowledge of FNMA and FMLMC guidelines.
• Generate and distribute IRB committee meeting minutes in accordance with appropriate federal regulations.
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