How to Become a Mortgage Loan Servicing Director
Step 1: Understand the job description and responsibilities of a Mortgage Loan Servicing Director
What does a Mortgage Loan Servicing Director do?
A Mortgage Loan Servicing Director manages and directs all aspects of mortgage loan servicing functions. Plans and directs policies, objectives, initiatives of department. Being a Mortgage Loan Servicing Director evaluates all loans to ensure compliance with policies and processes. Provides recommendations on any areas that need improvement. Additionally, Mortgage Loan Servicing Director coordinates and consults others on complex loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Mortgage Loan Servicing Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Mortgage Loan Servicing Director typically requires 5+ years of managerial experience.
Fusion Servicing Director Software is purchased through your Finestra Representative.
Your Servicing Director Environment is provided and managed by ABT.
The mortgage veteran brings more than 25 years of mortgage-servicing industry experience to the role.
Mortgage Director is an intelligent loan origination system.
Leveraging digital technologies to obtain data and automate best practices, Mortgage Director maintains loan quality and certainty by mitigating risk, compliance and loan defects.
Step 2: Learn best tips to become a Mortgage Loan Servicing Director
Best tips for those who want to become a Mortgage Loan Servicing Director
Here are some tips to become a Mortgage Loan Servicing Director.
Step 3: View best colleges and universities for Mortgage Loan Servicing Director
Best colleges and universities for Mortgage Loan Servicing Director
- 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 Director
Is being a Mortgage Loan Servicing Director Worth it?
Thorough working knowledge of loan servicing requirements for investors, regulatory and agency requirements.
Process all mortgage loans in a timely and efficient and accurate manner, including accurate entry of loan application information in the mortgage loan software….
Associates Degree preferred, minimum five years in directly related mortgage/lending servicing experience.
Fusion Servicing Director Software is purchased through your Finestra Representative.
Your Finastra Fusion Servicing Director environment is completely managed by our experienced ABT team.
Step 5: Prepare relevant skills for being a Mortgage Loan Servicing Director
What skills do you need to be a Mortgage Loan Servicing Director?
A manager is often judged based on the success of their team and those working below them, as such, many skills are needed. Success in this role depends on a critical ability in the following: Compliance Management, Mortgage Loans, Mortgage Servicing, Payment Processing. Experience in the following is fundamental to this role: Loan Software. Skills may vary from job-to-job, but these skills are the ones most commonly associated with this role.
Five or more years of experience in mortgage loan servicing with experience in loan servicing areas (Customer Service, Default/Foreclosure, Escrow, Payment….
Maintains a strong professional relationship with personnel in the loan origination and loan servicing areas within RRED.
Input new loan information into the computer system and obtain required information to set-up loan files.
Review of all documentation to ensure all required documents are included in the loan file.
Thorough knowledge of first mortgage real estate lending practices including federal and state regulatory, other agency and Credit Union requirements.
Step 6: View average salary for Mortgage Loan Servicing Director
How much does a Mortgage Loan Servicing Director make?
The average salary range for a Mortgage Loan Servicing Director is from $135,497 to $279,480. The salary will change depending on your location, job level, experience, education, and skills.
-
View average salary for the United States
-
Adjust salary by state
Average salary for Mortgage Loan Servicing Director jobs
Step 7: Find relevant Mortgage Loan Servicing Director jobs, and apply.
Looking for Mortgage Loan Servicing Director jobs?
Here are some Mortgage Loan Servicing Director jobs in the United States.