Transaction coordinator vs loan services representative

Differences between transaction coordinator and loan services representative 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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Loan services representative example responsibilities.

• Manage customer relations with internal personnel, group administrators, brokers and members as related to Medicare insurance.
• Track, compile, and send HUD and VA binders off to respective government agency.
• Approve final numbers on HUD closing contract, turn in final sign contract to lender for funding.
• Provide research support functions to management and sales representatives on check copies, ACH maintenance and speed-pay income.
• Complete address changes, respond to emails, opt out requests, return mail, ACH inquiries and enrollment.
• Provide internal and external customers with require foreclosure documents while meeting require deadlines.
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