What Is a Mortgage Manager and How to Become One
A mortgage manager supervises employees at a financial institution who are considering giving and issuing a home loan to a potential borrower. As a mortgage manager, your duties are to direct the employees on various goals of the office, train new employees, meet with borrowers, and coordinate with the bank manager and other management positions about loan-related issues. The qualifications needed for this career include job experience in retail management and in-depth knowledge of the banking industry and regulations related to it. Some employers do not require post-secondary study, but many prefer a bachelor’s degree in accounting, economics, or a related field. Skills like customer service, analytical problem-solving, and verbal communication are helpful as well.
The qualifications that you need to become a mortgage manager include knowledge of all aspects of the mortgage application process and management skills. You can start this career by obtaining an entry-level job with a mortgage company after graduating from high school. You need several years of experience to reach a management-level position. Most employers prefer applicants with an associate degree in finance or a similar field, but some employers hire applicants with a degree in any subject. A bachelor’s degree is a requirement for some mortgage companies. You need to be aware of all regulations related to lending.