How to Become a Mortgage Loan Servicing Manager

Step 1: Understand the job description and responsibilities of a Mortgage Loan Servicing Manager

What does a Mortgage Loan Servicing Manager do?

A Mortgage Loan Servicing Manager manages a team that supports the mortgage loan servicing functions. Ensures all documents are accurate and complete. Being a Mortgage Loan Servicing Manager monitors processes and makes recommendations for improvement. May require a bachelor's degree. Additionally, Mortgage Loan Servicing Manager typically reports to a head of a unit/department. The Mortgage Loan Servicing Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Mortgage Loan Servicing Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.

People's Opinions on Mortgage Loan Servicing Manager responsibilities

Based on our compensation data, the estimated salary potential for Mortgage Loan Servicing Manager will increase 55 % over 5 years.

12/25/2019: Reading, PA

A day in your life as a Mortgage Loan Servicing Manager.

02/09/2020: Muskegon, MI

Under the direction of Manager, this position is responsible for managing the Mortgage Loan Servicing Department operation, which includes supervising, training, counseling and motivating customer service and servicing operations staff as well as establishing and monitoring section goals.

02/19/2020: Danbury, CT

After you close on your mortgage, you’ll start receiving monthly statements that you need to pay to remain in good standing on your loan.

02/19/2020: Alamogordo, NM

The lender that sends you these statements and handles all of your ongoing inquiries is known as the loan servicer.

02/20/2020: Columbus, MS
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Step 2: Learn best tips to become a Mortgage Loan Servicing Manager

Best tips for those who want to become a Mortgage Loan Servicing Manager

Here are some tips to become a Mortgage Loan Servicing Manager.

People's Opinions on best tips

Choose a payment option, how much you’d like to pay, the date you’d like to pay it, and the bank account.

01/19/2020: Melbourne, FL
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Step 3: View best colleges and universities for Mortgage Loan Servicing Manager

Best colleges and universities for Mortgage Loan Servicing Manager

  • 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 Servicing Manager

Is being a Mortgage Loan Servicing Manager Worth it?

People's Opinions on lifestyles

Thorough working knowledge of loan servicing requirements for investors, regulatory and agency requirements.

01/02/2020: Bergenfield, NJ

Utilize pipeline reports to effectively manage loans and prioritize daily workflow.

02/13/2020: Dallas, TX

Supervision and directing of new loan bookings in Fiserv system for all consumer loans, commercial loans and SBA 7a loans.

02/27/2020: Columbus, GA

Associates Degree preferred, minimum five years in directly related mortgage/lending servicing experience.

01/20/2020: Middlesex, NJ

As a 15-year veteran in real estate, Albert has the expertise and creativity to guide you to the mortgage that best suits your needs.

01/23/2020: Akron, OH
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Step 5: Prepare relevant skills for being a Mortgage Loan Servicing Manager

What skills do you need to be a Mortgage Loan Servicing Manager?

This role is not a beginner's role, as such, there are many skills required.  It is vital to the role to command: Mortgage Loans, Mortgage Servicing, Payment Processing, Quality Assurance Process.  For this position, you need to be experienced with: Loan Software.  Management isn't easy, if it were, everyone would have the competenticies to execute the role with success.

People's Opinions on Mortgage Loan Servicing Manager skills

Knowledge of mortgage servicing rules relating to portfolio loans, loans sold to secondary market, escrow, PMI and forced-placed insurance policies.

12/01/2019: Anaheim, CA

Verify documents required for loan type and organize file for review.

12/28/2019: New Britain, CT

Setup exceptions required for missing and extended loan documentation.

01/07/2020: Mobile, AL

Must be available to work the required schedule of the Loan Servicing Department.

02/06/2020: Portsmouth, OH

Job DescriptionAmeriSave Mortgage Corporation is currently looking for an experienced Servicing Manager for our office in Atlanta, GA.

12/08/2019: Anderson, IN
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Step 6: View average salary for Mortgage Loan Servicing Manager

How much does a Mortgage Loan Servicing Manager make?

The average salary range for a Mortgage Loan Servicing Manager is from $77,805 to $108,570. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Mortgage Loan Servicing Manager
$77,805 to $108,570

Step 7: Find relevant Mortgage Loan Servicing Manager jobs, and apply.

Looking for Mortgage Loan Servicing Manager jobs?

Here are some Mortgage Loan Servicing Manager jobs in the United States.

Search Mortgage Loan Servicing Manager Jobs in the United States

Step 8: Explore Career Path of Mortgage Loan Servicing Manager

Step 8: Explore Career Path of Mortgage Loan Servicing Manager? Mortgage Loan Servicing Manager