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Mortgage Director Jobs (NOW HIRING)

Hancock Whitney Bank

The Mortgage Direct Loan Originator is responsible for the origination of primarily conventional, VA, and FHA loans, compliant with investor requirements and all state and federal laws and ...

Alliant

Mortgage Direct Loan Officer

Chicago, IL · On-site

$30K - $43K/yr

Responsible for the development of new mortgage business from both credit union members, noncredit ... Minimum - 3 Years Consumer direct loan officer or related In Lieu of Education * 5 Years Consumer ...

Jet Direct Mortgage

Mortgage Loan Originator

NY · On-site

Jet Direct Mortgage's mission is to be the #1 Brand and Premier Local Lender in all of our licensed states. To accomplish this we will: * Provide a world class culture to support our team and our ...

Movement Mortgage

$80K - $121K/yr

Proficiency in Mortgage Director preferred Sound like a good fit? Let's talk about how we can work together. The expected salary range for this position is between: $80,700.00 - $121,100.00 The range ...

Efinity Mortgage

Mortgage Underwriter

Los Angeles, CA

$100K/yr

Our mortgage company is expanding, and we are seeking an experienced Senior Mortgage Underwriter with active FHA Direct Endorsement (DE) and VA SAR recommended, not required, to join our underwriting ...

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Mortgage Director information

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$25K

$90.6K

$157K

How much do mortgage director jobs pay per year?

As of Jul 18, 2026, the average yearly pay for mortgage director in the United States is $90,554.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,500.00 and $125,000.00 per year, depending on experience, location, and employer.

What is the difference between Mortgage Director vs Mortgage Loan Officer?

AspectMortgage DirectorMortgage Loan Officer
CredentialsTypically requires a mortgage license, industry experience, and sometimes management certificationsRequires a mortgage license and relevant sales or finance experience
Work EnvironmentOversees teams, manages mortgage strategies, and liaises with senior managementWorks directly with clients to originate mortgage loans
Employer & Industry UsageUsed in banks, mortgage companies, and financial institutions for leadership rolesCommonly employed in retail banking and mortgage lending firms for client-facing roles

The Mortgage Director focuses on strategic oversight and team management within mortgage operations, while the Mortgage Loan Officer primarily interacts with clients to originate loans. Both roles require industry-specific credentials, but their responsibilities and work environments differ significantly.

What does a Mortgage Director do?

A Mortgage Director is a senior professional responsible for overseeing mortgage lending operations within a financial institution or mortgage company. Their duties typically include managing mortgage loan officers, developing lending strategies, ensuring compliance with regulations, and optimizing the mortgage process for both efficiency and customer satisfaction. They play a key role in setting policy, driving business growth, and maintaining relationships with clients and partners. Mortgage Directors also analyze market trends to adjust lending practices and maintain the organization's competitive edge.

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

To thrive as a Mortgage Director, you need deep expertise in mortgage lending, regulatory compliance, and financial analysis, often supported by a bachelor's degree in finance or business and significant industry experience. Familiarity with loan origination systems (LOS), mortgage underwriting software, and relevant certifications such as Certified Mortgage Banker (CMB) are typically expected. Leadership, strategic decision-making, and strong interpersonal skills are crucial for managing teams and building client relationships. These skills ensure effective oversight of mortgage operations, regulatory adherence, and sustainable business growth.

How much does a mortgage broker make on a $500,000 mortgage?

A mortgage broker typically earns a commission based on the loan amount, often around 0.5% to 1%, which would be approximately $2,500 to $5,000 on a $500,000 mortgage. This commission is usually paid by the lender and can vary depending on the broker's agreement and the loan specifics. The broker's income may also include additional fees or bonuses based on performance and volume.

How does a Mortgage Director typically collaborate with cross-functional teams to drive loan origination success?

A Mortgage Director frequently works alongside underwriting, sales, compliance, and operations teams to streamline the loan origination process. This collaboration ensures that lending practices are efficient, compliant with regulations, and tailored to client needs. By fostering open communication and aligning strategic goals across departments, Mortgage Directors help identify bottlenecks, implement process improvements, and support team members in achieving organizational targets. This cross-functional teamwork is essential for maintaining a competitive edge and delivering top-tier customer service in a dynamic lending environment.

How much do mortgage directors make?

Mortgage directors typically earn a salary ranging from $80,000 to $200,000 annually, depending on experience, location, and the size of the organization. They often receive bonuses and benefits, and strong leadership and industry knowledge are essential for success in this role.

What is the 3 7 3 rule in mortgage?

The 3-7-3 rule in mortgage lending refers to a guideline where borrowers aim to keep their total debt-to-income ratio below 43%, have a down payment of at least 3% for certain loans, and maintain a credit score of around 730 for favorable mortgage terms. Mortgage directors and loan officers use this rule to assess borrower eligibility and risk. Understanding these benchmarks helps in guiding clients through the approval process efficiently.

Can a 70 year old woman get a 30 year mortgage?

A mortgage director or lender can approve a 30-year mortgage for a 70-year-old woman if she meets credit, income, and asset requirements. Lenders may consider factors such as her health, financial stability, and the type of mortgage product, with some offering retirement or shorter-term options based on age and circumstances.
More about Mortgage Director jobs
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Mortgage Director jobs near you

Director of Mortgage Business Development

University of Illinois Community Credit Union

Champaign, IL

Full-time

Posted 3 days ago

New

Job description

The Mortgage Director is responsible for overseeing the credit union's mortgage lending operations, including first mortgages, home equity lending, underwriting, and loan production activities. This role leads and supports Mortgage Loan Officers and underwriting staff to ensure an exceptional member experience, sound lending decisions, operational efficiency, and compliance with regulatory requirements. The Mortgage Director is accountable for loan growth, portfolio quality, process improvement, and the effective delivery of mortgage and home equity solutions that meet member needs and support the credit union's strategic objectives. The Director is responsible for fostering a positive and inclusive workplace culture, while driving employee growth and development.

Model exceptional service to both internal and external members and demonstrate a strong commitment to the organization's Do More Good culture by leading by example, fostering a positive work environment, and promoting our core values in all interactions.

Lead and oversee all mortgage, home equity, and underwriting activities to ensure timely, accurate, and compliant lending decisions while driving loan growth, maintaining portfolio quality, and delivering an exceptional member experience.

Oversee daily operations, manage team performance, and ensure alignment with organizational scorecard and priorities by setting and holding staff accountable to clear goals, providing regular feedback, and facilitating effective communication.

Conduct regular performance evaluations, provide constructive feedback, and manage performance modifications in accordance with UICCU policies and ensure accountability and continuous improvement.

Monitor market trends and competitor activities to develop and executive strategic mortgage business development plans and identify and pursue new business opportunities in the mortgage market.

Identify opportunities to enhance and improve the Mortgage experience.

Assist with Mortgage loan product development and management to ensure competitive and relevant product offerings and rates.

Build and maintain strong relationships with real estate agents, brokers, and other industry partners.

Make recommendations and oversee/implement changes to improve processes, increase revenue, eliminate expense, review new/existing vendors, implement and integrate new programs and vendors as appropriate.

Perform duties and responsibilities of a Mortgage Loan Officer and maintain and appropriate pipeline and serve as Underwriter as necessary.

Prepare, manage and adhere to the departmental budget by forecasting expenses, monitoring expenditures, and implementing cost-saving measures to ensure financial efficiency and accountability.

Identify and implement process improvements and innovative solutions to enhance departmental efficiency, reduce costs, and support overall organizational goals.

Effectively manage and resolve internal and/or external member escalations by identifying issues, implementing solutions, and ensuring member satisfaction while maintaining a professional and empathetic approach.

Experience:  Three years to five years of similar or related experience.

Education:  (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills:   Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

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