How to Become a Mortgage Loan Processing Supervisor

Step 1: Understand the job description and responsibilities of a Mortgage Loan Processing Supervisor

What does a Mortgage Loan Processing Supervisor do?

A Mortgage Loan Processing Supervisor supervises a team of loan processors to ensure that new mortgage loan packages are processed and completed according to established policies and procedures. Ensures operations are efficient and effective. Being a Mortgage Loan Processing Supervisor evaluates files for accuracy, completion, and compliance with governmental regulations. Trains and supports a team of processors on current and new procedures. Additionally, Mortgage Loan Processing Supervisor may prepare loans for underwriting. Requires a high school diploma or its equivalent. Typically reports to a manager or head of a unit/department. The Mortgage Loan Processing Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Mortgage Loan Processing Supervisor typically requires 3 years experience in the related area as an individual contributor.

People's Opinions on Mortgage Loan Processing Supervisor responsibilities

Based on our compensation data, the estimated salary potential for Mortgage Loan Processing Supervisor will increase 15 % over 5 years.

01/02/2020: Pensacola, FL

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Step 2: Learn best tips to become a Mortgage Loan Processing Supervisor

Best tips for those who want to become a Mortgage Loan Processing Supervisor

Here are some tips to become a Mortgage Loan Processing Supervisor.

Step 3: View best colleges and universities for Mortgage Loan Processing Supervisor

Best colleges and universities for Mortgage Loan Processing Supervisor

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College

Step 4: Think about whether is it worth to be a Mortgage Loan Processing Supervisor

Is being a Mortgage Loan Processing Supervisor Worth it?

People's Opinions on lifestyles

Make sure all processing staff meets required deadlines for loans within their pipeline.

12/11/2019: Casper, WY

Maintains a thorough knowledge of the Loan Origination System as well as all related systems and identifies and implements changes to worksheets and work flows within the system.

01/15/2020: Cleveland, OH

Must possess a minimum of 3 years supervisory experience in mortgage processing role.

02/22/2020: Idaho Falls, ID

Must be proficient in using Loan Origination Software (Preferred candidates will have experience with Calyx PointCentral).

01/19/2020: Stockton, CA

Monitor and develop processing daily cadence as the product continues to improve.

01/17/2020: Kansas City, KS

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Step 5: Prepare relevant skills for being a Mortgage Loan Processing Supervisor

What skills do you need to be a Mortgage Loan Processing Supervisor?

Due to the management level associted with this job, many skills are required to being successful and ensuring the success of your team. It is necessary to be able to excel with: Loan Processing, Mortgage Loans. For management positions, some skills may come as a no brainer, for this role those would be: Banking Software, Loan Software. As you can tell, it is no easy feat to be a manager, and the skills required reflect that.

People's Opinions on Mortgage Loan Processing Supervisor skills

Make sure all processing staff meets required deadlines for loans within their pipeline.

01/27/2020: Houston, TX

Maintains a thorough knowledge of the Loan Origination System as well as all related systems and identifies and implements changes to worksheets and work flows within the system.

02/01/2020: Phoenix, AZ

Maintains current knowledge of all rules, regulations and laws that apply to mortgage lending as well as BSA/OFAC/USA Patriot Act/CIP/AML.

12/15/2019: Greenville, MS

Serves as the subject matter expert regarding the loan process and responds to inquiries for information from both internal and external customers.

02/09/2020: Florence, AL

The Residential Mortgage Processing Supervisor may be required to perform other duties as assigned.

12/19/2019: Rockford, IL

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Step 6: View average salary for Mortgage Loan Processing Supervisor

How much does a Mortgage Loan Processing Supervisor make?

The average salary range for a Mortgage Loan Processing Supervisor is from $60,559 to $81,822. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Mortgage Loan Processing Supervisor

$60,559 to $81,822