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Correspondent Lender Jobs (NOW HIRING)

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Correspondent Lender information

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$15

$34

$77

How much do correspondent lender jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for correspondent lender in the United States is $34.71, according to ZipRecruiter salary data. Most workers in this role earn between $19.95 and $56.25 per hour, depending on experience, location, and employer.

What is a correspondent lender?

A correspondent lender is a financial institution or mortgage company that originates and funds home loans in its own name but sells them to larger mortgage investors or secondary market agencies after closing. They handle the loan process from application to funding, but typically do not service the loan long-term. This allows borrowers to work directly with the correspondent lender during the initial stages, while the servicing and long-term management of the loan are handled by another company after the loan is sold.

What are the key skills and qualifications needed to thrive as a correspondent lender, and why are they important?

To thrive as a Correspondent Lender, you need expertise in mortgage origination, underwriting guidelines, and secondary market regulations, typically supported by relevant experience in mortgage lending or finance. Familiarity with loan origination systems (LOS), automated underwriting systems, and compliance software is essential. Strong attention to detail, relationship management, and effective communication are critical soft skills in this role. These competencies ensure accurate loan processing, regulatory compliance, and successful partnerships with investors and borrowers.

What are some common challenges correspondent lenders face when managing relationships with multiple investors?

Correspondent Lenders often work with a variety of investors, each with their own loan guidelines, pricing models, and submission requirements. One common challenge is staying updated with these evolving investor criteria and ensuring that every loan originated meets specific investor standards to avoid costly repurchase requests. Additionally, maintaining clear communication and timely responses with investors is essential for smooth delivery and purchase of loans. Successful Correspondent Lenders implement robust tracking systems and prioritize ongoing training to keep their teams informed about investor changes.

What is the difference between Correspondent Lender vs Mortgage Broker?

AspectCorrespondent LenderMortgage Broker
CredentialsTypically requires a mortgage license, state licensing, and sometimes additional certificationsRequires a mortgage license and state licensing, but generally fewer certifications
Work EnvironmentOperates as a direct lender, funding loans in-house or through partnershipsActs as an intermediary, connecting borrowers with multiple lenders
Industry UsageWorks directly with borrowers, investors, and regulators within the lending industryServes as a middleman, helping clients find suitable loan options from various lenders

Both Correspondent Lenders and Mortgage Brokers require licensing and operate within the mortgage industry. However, Correspondent Lenders fund and close loans directly, often acting as a lender themselves, while Mortgage Brokers facilitate loans by connecting borrowers with multiple lenders. Understanding these differences helps borrowers choose the right professional for their mortgage needs.

More about Correspondent Lender jobs

What cities are hiring for Correspondent Lender jobs?

Cities with the most Correspondent Lender job openings:

What are popular job titles related to Correspondent Lender jobs?

For Correspondent Lender jobs, the most frequently searched job titles are:

Infographic showing various Correspondent Lender job openings in the United States as of September 2026, with employment types broken down into 99% Full Time, and 1% Part Time. Highlights an 83% Physical, 3% Hybrid, and 14% Remote job distribution, with an average salary of $72,204 per year, or $34.7 per hour.

Correspondent Associate Credit Analyst

Jacksonville, FL • On-site

Citigroup Inc.
Banking and Credit Intermediation • 5 - 10K employees

$60 - $80/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago


Citibank rating

8.4

Company rating: 8.4 out of 10

Based on 179 frontline employees who took The Breakroom Quiz

39th of 176 rated banks


Job description

Associate Credit Analyst position is a pivotal role, serving as the dedicated single point of contact for Correspondent Lending clients. The primary goal is to assist Correspondent Lenders in clearing suspense conditions and identifying bottlenecks that would delay their pipelines from being purchased timely. This critical position contributes to maintaining Citi’s commitment to superior credit quality, an outstanding customer experience, and operational excellence. It requires a highly detail-oriented individual with strong problem‑solving abilities, exceptional communication skills, and a dedication to client advocacy in a fast‑paced lending environment.

Key Responsibilities
  • Serve as a single point of contact for Correspondent Lenders, providing guidance and support throughout the suspense condition resolution process.
  • Review and clear income, asset, and credit documentation submitted to address suspense conditions in accordance with both Agency and Non‑Agency guidelines.
  • Monitor, maintain, and manage a daily pipeline, ensuring adherence to service level agreements and timely completion of reviews.
  • Review mortgage documentation from application through closing with comprehensive knowledge of the end‑to‑end origination process.
  • Ensure compliance with regulatory requirements, including RESPA and TILA.
  • Deliver exceptional customer service by working rebuttals, escalations and scenarios submitted by the Correspondent Lender.
  • Support Account Executives by contributing to client‑relationship strategies and maintaining strong working partnerships with Correspondent Lenders.
  • Complete a pre‑funding review to assist with purchasing loans.
  • Maintain production and quality standards as defined by the business.
Qualifications
  • Minimum 3 years of mortgage industry experience
  • Experience with FNMA and FHLMC underwriting requirements
  • Strong written and verbal communication skills
  • Ability to manage competing priorities in a fast‑paced environment
  • High attention to detail and strong analytical skills
Education
  • Bachelor’s/University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job‑related duties may be assigned as required.

Note: This is not a Signature Underwriting position.

Job Family Group: Risk Management

Job Family: Credit Risk

Time Type: Full time

Primary Location: Jacksonville, Florida, United States

Primary Location Full Time Salary Range: $53,600.00 - $74,800.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills: Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

Anticipated Posting Close Date: Apr 01, 2026

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.

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About Citigroup Inc

Sourced by ZipRecruiter

We live in an increasingly complex world. Companies these days are either born global or are going global at record speed. Business and geopolitics are forging an entirely new dynamic and consumers now expect financial services to be a seamless part of their digital lives. Citi is a bank that’s uniquely positioned for this moment. Through our vast global network and our on-the-ground expertise, we can connect the dots, anticipate change and empathize the needs of our clients and customers in ways that other banks simply cannot. Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We have set expectations for how we must act to bring our mission to life. These expectations are at the heart of our Leadership Principles – we take ownership, we deliver with pride and we succeed together.

Industry

Banking and credit intermediation

Company size

5,001 - 10,000 Employees

Headquarters location

New York City, NY, US