Loan Servicing Manager Salary at Community Reinvestment Fund Inc BETA

How much does a Community Reinvestment Fund Inc Loan Servicing Manager make?

As of December 2024, the average annual salary for a Loan Servicing Manager at Community Reinvestment Fund Inc is $81,661, which translates to approximately $39 per hour. Salaries for Loan Servicing Manager at Community Reinvestment Fund Inc typically range from $69,163 to $95,627, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Community Reinvestment Fund Inc Overview

Website:
crfusa.com
Size:
50 - 100 Employees
Revenue:
$5M - $10M
Industry:
Financial Services

Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF develops products and services aimed at increasing the flow of capital to historically underinvested communities across the country. CRF has injected more than $2.4 billion to help stimulate job creation and economic development, provide affordable housing, and support community facilities.

See similar companies related to Community Reinvestment Fund Inc

What Skills Does a person Need at Community Reinvestment Fund Inc?

At Community Reinvestment Fund Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Loan Servicing: Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. The vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA)). Because GSEs and private loan investors typically do not service the mortgage loans that they purchase, the bank who sells the mortgage will generally retain the right to service the mortgage pursuant to a master servicing agreement. The payments collected by the mortgage servicer are remitted to various parties; distributions typically include paying taxes and insurance from escrowed funds, remitting principal and interest payments to investors holding mortgage-backed securities (or other types of instruments backed by pools of mortgage loans), and remitting fees to mortgage guarantors, trustees, and other third parties providing services. The level of service varies depending on the type of loan and the terms negotiated between the servicer and the investor seeking their services, and may also include activities such as monitoring delinquencies, workouts/ restructurings and executing foreclosures.
  2. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Mortgage Loans: A mortgage loan or, simply, mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)".
  5. Problem Solving: Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.

Related Jobs

TruStone Financial
Minneapolis , MN

WHO WE ARE: TruStone Financial is a full-service, member-owned credit union that provides simple yet competitive financial tools to empower our members' financial well-being. Founded by teachers in 1939, TruStone Financial has since grown to the second-largest credit union in Minnesota and our 550+ employees serve more than 200,000 members across 23 locations in Minnesota and Wisconsin. Our vision is to create exceptional financial experiences, and to do that we need our exceptional people! Join our growing team and help us deliver on our mission to engage, educate and inspire our members to achieve lifelong financial well-being. WHAT YOU'LL DO: TruStone Home Mortgage is a dedicated and specialized division of TruStone Financial Credit Union. This division is focused on the fast-paced and highly-regulated home mortgage market. Loans originated in this division are originated and underwritten to national standards established by divisions of the federal government (e.g. USDA, VA, FHA),


Sponsored
12/15/2024 12:00:00 AM
Wings Financial
Minneapolis , MN

PRIMARY PURPOSE: This position is responsible for acquiring, expanding, and enriching current and future member relationships by assisting and educating members in opening and managing their accounts and finances, building long-term relationships, and cross-selling the products and services that will help them be financially successful. Providing personalized, professional service to all members in an exceptional manner, and seeking out opportunities for additional business. Monday-Friday 10:00am-4:30pm, every other Saturday 8:45am-1:15pm. ESSENTIAL FUNCTIONS include the following: Assist members with basic requests related to opening new accounts, completing service requests, and submitting credit applications. Proactively educate members on the features and benefit of the Credit Union's products and services and actively cross sell and make qualified referrals for additional appropriate loan, deposit and fee income products and services. Establish trust and lasting relationships with


Sponsored
12/14/2024 12:00:00 AM
Bell Bank
Minneapolis , MN

Personal Banking Officer - Minneapolis, MN - Colonnade If you like to work with people in a family atmosphere, enjoy great benefits and provide unequaled personal service to every customer, consider a career with Bell Bank. Company Information: Bell Bank was founded in 1966 and headquartered in Fargo, North Dakota. It is the largest family-and employee-owned bank in the upper Midwest, and one of the largest in the nation, with assets of more than $10 billion. Bell Bank has full-service banking locations in North Dakota, Minnesota and Arizona. Bell has empowered more than $26 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need. Bell Bank has been recognized as a top workplace by American Banker, Forbes and Fortune. If you want to work for an established, growing, forward-looking organization with world-class employees, this is the place for you. Let Bell Bank


Sponsored
12/14/2024 12:00:00 AM
Citizens Independent Bank
Minneapolis , MN

People make the difference at Citizens Independent Bank! The reason? Our employees embrace the core values of the bank: Honesty & Integrity Social Responsibility Exceptional Customer Experience Teamwork & Collaboration. Were looking for employees who want to become part of our CIB Team! A Universal Banker II must provide exceptional customer service skills and be a team player who is supportive of the Mission, Vision, and Values of Citizens Independent Bank (CIB). The Universal Banker II will have in-depth knowledge of bank products and services and proactively meet the customers needs by providing solutions and recognizing referral opportunities. This position serves in a dual-purpose role which requires fulfilling responsibilities of both a Universal Banker and Teller, based on the needs of the branch. The incumbent would coordinate with both functions in the delivery of efficient, accurate and professional service that defines a great customer experience. This includes both lobby an


Sponsored
12/14/2024 12:00:00 AM
Huntington National Bank
Minneapolis , MN

Description Summary: Our branch banking roles offer a welcoming and inclusive team environment where you are empowered every day to help our customers achieve their financial goals. Our branch colleagues have an opportunity to share ideas and voice opinions that directly impact our customers, our bank, and our communities for the better. As a Communicated Dedicated Relationship Banker, you are responsible for managing an assigned portfolio of high value consumer and business customers across multiple bank branches. Your success is driven by your high degree of proficiency in consumer and business deposit products, consumer/home lending, business lending, investments and credit management so that you may build consumer and business relationships by proactively identifying financial goals and needs and recommending appropriate deposit, loan and other banking products and services. Duties & Responsibilities: Proactively identifies opportunities to grow customer relationships through assig


Sponsored
12/14/2024 12:00:00 AM
JPMorgan Chase
Minneapolis , MN

You have a passion for helping customers, building relationships, and delivering extraordinary customer service. You are energetic and enthusiastic as the face of Chase to our retail branch customers. From a personal standpoint, you will have the opportunity to take ownership of your career development through a variety of cross-training opportunities. As a Relationship Banker in Branch Banking, you will take a lead role in delivering an outstanding experience to Chase customers. You will acquire, manage, and retain meaningful relationships with our customers, using your financial knowledge to offer thoughtful solutions to help address their financial needs, contributing to the success of the branch. You will be making the lives of customers easier by sharing and setting up self-service options to access their accounts 24 hours a day/ 7 days a week. Job responsibilities Delivers an exceptional customer experience by acting with a customer-first attitude Manages assigned customers and p


Sponsored
12/14/2024 12:00:00 AM
PROGRESSIVE LENDING SOLUTIONS
Saint Paul , MN

Job Description Job Description Looking to advance your career in a fast paced, high paying and rewarding industry that you can have an actual plan for a successful retirement? This is for you! The home purchase market in 2023 was BOILING HOT - and our projections for the 2024 Real Estate Market are trending to be EVEN BETTER! Is it time to enhance your Mortgage Consulting career with PLS and prepare for a record setting and prosperous 2024 and BEYOND? For all you EXPERIENCED SELF STARTERS that want the highest industry compensation levels with w2 wage earner status, flexibility in scheduling, sales technology, career advancement and 6 figure income - READ BELOW! WHY PLS? Progressive Lending Solutions has been a local leader in mortgage originations for over 20 years. We hang our hat on being one of the oldest and most reputable mortgage brokerages in MN. We have not changed our name. We have not changed locations to hide behind a poor reputation. We have not restructured because of fi


Sponsored
12/12/2024 12:00:00 AM
Old National Bank
Saint Paul , MN

Overview: Old National Bank has been serving clients and communities since 1834. With $50 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. The Relationship Banker develops and cultivates long-term client relationships by providing insight, advice, and personalized financial solutions for their clients. Relationship Bankers are responsible for retaining and deepening existing client relationships through cross-selling, esta


Sponsored
12/11/2024 12:00:00 AM

Check more jobs information at Community Reinvestment Fund Inc

Job Title Average Community Reinvestment Fund Inc Salary Hourly Rate
2 Vice President, Human Resources $255,294 $123
3 Vice President, Marketing $259,419 $125
4 Accountant $82,409 $40
5 Accounting Specialist $57,039 $27
6 Asset Management Analyst $55,096 $26
7 Chief Executive Officer $773,233 $372
8 Contract Underwriter $66,743 $32
9 Credit Manager $101,435 $49
10 Director, Program Strategy & Development $199,709 $96
11 Financial Reporting Analyst $60,462 $29
12 Grant Administrator $78,404 $38
13 Loan Operations Analyst $49,355 $24

Hourly Pay at Community Reinvestment Fund Inc

The average hourly pay at Community Reinvestment Fund Inc for a Loan Servicing Manager is $39 per hour. The location, department, and job description all have an impact on the typical compensation for Community Reinvestment Fund Inc positions. The pay range and total remuneration for the job title are shown in the table below. Community Reinvestment Fund Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $81,661 look to you?

FAQ about Salary and Jobs at Community Reinvestment Fund Inc

1. How much does Community Reinvestment Fund Inc pay per hour?
The average hourly pay is $39. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Community Reinvestment Fund Inc?
According to the data, the highest approximate salary is about $95,627 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Community Reinvestment Fund Inc?
According to the data, the lowest estimated salary is about $69,163 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.