Mortgage Loan Manager Job Description

By | July 28, 2011

Mortgage loan manager job description and profile

Mortgage loan manager manage various aspects about mortgages such as evaluation of properties, eligibility for loan and formulating policies for better functioning of the mortgage system of the bank or other financial institutions.

Mortgage loan manager duties and responsibilities

The mortgage loans manager is responsible for final sanction of the mortgage loan and hence, needs to take care to ensure that the loan sanctioned is to a reliable and eligible applicant. The duties and responsibilities of a mortgage loan manager are:

  • Overseeing all the operations of the mortgage department
  • Allocating responsibilities to subordinates
  • Ensuring that the mortgage application is verified and the applicant found eligible for the loan
  • Checking all the paperwork related to the mortgage before affixing his signature for sanction
  • Managing the strategy making works regarding increasing client base and procedures of mortgaging
  • May have to participate in hiring new staff
  • Ensuring that the employees are well trained and are working optimally
  • Keeping abreast with developments in mortgaging laws and regulations by the state and implementing them in the bank
  • Ensuring that the entire mortgaging operation is running in a safe and secure manner
  • Making presentations and reports to the chief manager of the bank or financial institution regarding progress of the mortgaging department
  • Ensuring that all paperwork is documented and kept up to date

Mortgage loan manager skills and specifications

The skills and specifications of a mortgage loan manager are:

  • A thorough knowledge about mortgaging rules and regulations
  • Excellent communication and motivational skills
  • Excellent analytical and observation ability
  • Keen eye for detail and high precision in work
  • Ability to solve problems and troubleshoot in times of need
  • Exceptional managerial skills

Mortgage loan manager education and qualification

The education and qualifications of a mortgage loans manager are:

  • A bachelor’s degree in finance, accounting and administration is the basic requirement. Master’s in business administration is desirable

Mortgage loan manager salary

The salary of a mortgage loans manager ranges between $45,000 to $80,000 per annum.