Transaction coordinator vs application processor

Differences between transaction coordinator and application processor duties and responsibilities

Transaction coordinator example responsibilities.

• Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
• Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
• Ensure all documents are completed and in accordance with DRE standards.
• Review and explain HUD with borrowers and loan officers prior to closing.
• Verify that DRE disclosures requirements on all documents have been send on time.
• Coordinate closing - arrange closing date/time, order escrow check if need, review HUD.
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Application processor example responsibilities.

• Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
• Execute the origination process, including ordering credit reports, appraisals and preliminary title reports.
• Work in mailroom sorting mail by zip codes.
• Maintain A/P, A/R, and report payroll.
• Participate in specialty functions of all aspects of the mailroom.
• Utilize PeopleSoft and OnBase programs to classify and index data.
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