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Correspondent Lending Division Jobs (NOW HIRING)

SmartXhire

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Senior Vice President, Business Purpose Lending (Fully Remote)

Dallas, TX · Remote

$200K - $225K/yr

... Purpose Lending (BPL) division. This leader will build and manage a high-performing sales ... Develop retail, wholesale, and correspondent lending channels. * Expand relationships with brokers ...

New

SmartXhire

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Senior Vice President, Business Purpose Lending (Fully Remote)

Dallas, TX · Remote

$200K - $225K/yr

... Purpose Lending (BPL) division. This leader will build and manage a high-performing sales ... Develop retail, wholesale, and correspondent lending channels. * Expand relationships with brokers ...

New

SmartXhire

Be Seen First

Senior Vice President, Business Purpose Lending (Fully Remote)

Dallas, TX · Remote

$200K - $225K/yr

... Purpose Lending (BPL) division. This leader will build and manage a high-performing sales ... Develop retail, wholesale, and correspondent lending channels. * Expand relationships with brokers ...

New

Blue Delta Tech

Recruiter

Birmingham, MI · On-site

$50K - $70K/yr

Understanding of retail, broker, and correspondent lending models * Existing network within the ... Leadership growth opportunities as the recruiting division expands Salary Description $50-$70k/year

Premier Systems

Recruiter

Birmingham, MI · Hybrid

$50K - $70K/yr

Understanding of retail, broker, and correspondent lending models * Existing network within the ... Leadership growth opportunities as the recruiting division expands

Blue Delta Technologies

Recruiter

Birmingham, MI · On-site

$50K - $70K/yr

Understanding of retail, broker, and correspondent lending models * Existing network within the ... Leadership growth opportunities as the recruiting division expands Requirements:

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Correspondent Lending Division information

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How much do correspondent lending division jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for correspondent lending division in the United States is $29.70, according to ZipRecruiter salary data. Most workers in this role earn between $19.23 and $30.29 per hour, depending on experience, location, and employer.

What is correspondent lending division?

The Correspondent Lending Division refers to a department within a financial institution or mortgage lender that works with third-party mortgage originators, known as correspondent lenders. These correspondents originate and fund loans using their own resources and then sell the closed loans to larger banks or investors, such as the Correspondent Lending Division, which may then service or package the loans. This division plays a crucial role in expanding a lender's reach by partnering with smaller banks, credit unions, and mortgage brokers, providing them with access to a wider range of mortgage products. Correspondent lending helps streamline the mortgage process and increases efficiency in the secondary mortgage market.

What is the difference between Correspondent Lending Division vs Mortgage Underwriter?

AspectCorrespondent Lending DivisionMortgage Underwriter
Primary RoleManages the sale of mortgage loans to investors, oversees loan approval process, and ensures compliance with investor guidelines.Reviews and evaluates mortgage loan applications to determine approval, ensuring compliance with lending standards.
Work EnvironmentTypically in a corporate or lender setting, coordinating with sales, processing, and compliance teams.Usually in a bank or lending institution, working closely with loan processors and originators.
CertificationsOften requires mortgage licensing, knowledge of investor guidelines, and compliance standards.Requires mortgage licensing, underwriting certifications, and knowledge of credit analysis.

The Correspondent Lending Division focuses on managing the sale of loans to investors and ensuring compliance with investor guidelines, while Mortgage Underwriters evaluate individual loan applications for approval. Both roles require mortgage licensing and knowledge of lending standards, but their core responsibilities differ in scope and focus.

What are some typical challenges faced in correspondent lending division, and how can new team members effectively navigate them?

Professionals in the Correspondent Lending Division often face challenges such as managing complex loan files from multiple third-party originators, ensuring compliance with evolving regulations, and maintaining strong relationships with correspondent lenders. New team members can navigate these challenges by developing a deep understanding of lending guidelines, staying updated on industry changes, and proactively communicating with both internal teams and external partners. Leveraging technology platforms and participating in regular training can also help streamline processes and reduce errors.

What are the key skills and qualifications needed to thrive in correspondent lending division roles?

To thrive in a Correspondent Lending Division, you need expertise in mortgage lending, underwriting, and secondary market guidelines, typically backed by experience in finance or mortgage banking. Familiarity with loan origination systems (LOS), automated underwriting systems (AUS), and compliance software is crucial. Strong analytical skills, attention to detail, and effective communication help professionals build trusted relationships with correspondent lenders and ensure accurate loan processing. These skills and qualities are vital to maintain regulatory compliance, mitigate risk, and drive successful lending operations.
More about Correspondent Lending Division jobs
What job categories do people searching Correspondent Lending Division jobs look for? The top searched job categories for Correspondent Lending Division jobs are:
Correspondent Lending Division jobs near you
Infographic showing various Correspondent Lending Division job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 15% Part Time, and 5% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $61,782 per year, or $29.7 per hour.

Client Manager, Correspondent Lending

Merchants Bancorp

Carmel, IN • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 16 days ago

Job description

The Client Manager plays a critical role in supporting the success of our Agency and Non-Agency/Jumbo programs offered in our Correspondent channel by serving as the primary escalation point for loan level closed loan conditions, underwriting and guideline questions received from our clients. This role requires knowledge of mortgage operations, strong judgment skills, and the ability to clearly communicate decisions within established program guidelines. This position reports directly to the Correspondent Lending Manager and serves as a designated backup during PTO, ensuring continuity of service and workflow.
Expected Outcomes: Ensure accurate and timely resolution of loan level inquiries and escalations by providing consistent guideline interpretation and effective cross-functional coordination, supporting program integrity, operational efficiency, and positive correspondent relationships to ensure high level of satisfaction and return business.
Our Client Manager will be able to do the following confidently and independently...
  • Serve as a central point of contact for Seller questions related to loan delivery, suspense resolution, conditions, collateral/trailing items, user access administration, and portal support.
  • Monitor incoming messages for customer support email inboxes.
  • Respond promptly to Correspondent Seller questions by call or email.
  • Conduct onboarding calls for new Correspondent Sellers to train them on systems, processes, procedures, and delivery expectations.
  • Train and set up client admin users as they come onboard. Set up loan notifications for client users as requested on the notification forms.
  • Maintain knowledge of Agency and Non-Agency/Jumbo underwriting guidelines, seller guide requirements, and compliance guidelines and communicate as needed.
  • Use daily reports and tasks to track the progress of loans.
  • Monitor turn times to ensure loans have not exceeded SLAs.
  • Review due diligence conditions for accuracy and clarity and escalate any inaccuracies to improve consistency and reduce confusion.
  • Partner with Account Executives on relationship-sensitive issues, trends, and files that may require escalation or exception review.
  • Provide operational support for the correspondent channel and communicate process improvement efforts that enhance seller experience and customer service.
  • Identify recurring client pain points, training gaps, or process bottlenecks and recommend solutions that reduce friction points and improve ease of doing business. Support business continuity by serving as designated backup coverage for team workflows, queue management, or assigned client support responsibilities as needed.

Requirements
What we are looking for is...
  • High School diploma or GED required; bachelor's degree or equivalent mortgage experience preferred.
  • 3+ years mortgage industry experience in the areas of correspondent lending, client support, loan processing, post-closing, or underwriting.
  • Working knowledge of common mortgage documents.
  • Proficient in Microsoft Office (Outlook, Excel, Word, Teams) and comfortable learning and navigating mortgage LOS / portal / workflow systems. Demonstrated experience delivering white-glove service to clients by maintaining timely responsiveness, professionalism, and clarity in all interactions.
  • Strong organizational skills required with the ability to prioritize work to meet deadlines.
  • Knowledge of Agency (Fannie Mae & Freddie Mac), Government (FHA, VA, & USDA), and Non-Agency/Jumbo guidelines.
  • Ability to maintain a calm, diplomatic, and customer-focused approach when managing complex or high-pressure scenarios.
  • Strong training/presentation skills and the ability to explain processes and guidelines to external counterparties with varying levels of experience.
  • Strong interpersonal skills with the ability to build trust and credibility with correspondent sellers and cross-functional internal partners.

Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more.
About Merchants
Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016-2022). For more information read the entire article here .

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