Careers in Residential

Mortgage Banking Mortgage Bankers Association

Marketing

Staff

Daniel Sloan Marketing Specialist

Trident University International

CADC STAFF

Tanya White-Earnest Manager

Trident University International Career Advising and Development

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CONTACT INFO

trident4careers@trident.edu

714-816-0366 X1943

Tanya.WhiteEarnest@trident.edu - CADC Manager

Daniel.Sloan@trident.edu

6

PRESENTER

Jeffrey M. Schummer is Vice President of Education Development at the Mortgage Bankers Association (MBA). In this role, Schummer is responsible for driving business development and growth of MBA's residential, commercial and multifamily educational, professional development and knowledge based programs under the MBA Education brand.

Schummer's experience includes designing and implementing mortgage banking educational content through e-class, webinar, and live instructor sessions in servicing, origination, underwriting, compliance and business operations for mid and large size lenders, multi-billion dollar banking institutions and FHA.

Before joining MBA, Schummer was a Servicing Relationship Manager for Single Family at the Federal Housing Administration (FHA) where he supported servicer FHA loss mitigation improvement efforts. He also served as President of Property & Casualty at Financial Independence and Senior Vice President at Wachovia Corporation. In addition, he held several executive level positions in Loan Servicing, Sales Production and Corporate Training at World Savings & Loan in San Antonio, Texas.

Schummer received a bachelor's degree in business administration and marketing from California State University in Northridge

Mr. Jeffrey Schummer, VP Education Development

Careers in Residential Mortgage Lending

Copyright © 2015

Mortgage Bankers Association

Mortgage Banking Careers

Starting salaries as high

as $50,000, with limitless

earning potential

Importance of Mortgage Lending

Mortgage Lender as Financial Intermediary

Mortgage Banking Functions

Loan Production

Loan Production Careers

Typical Loan Production Career Salary Ranges**

• $50,000 + Account Executive

• $27,000 - $51,000 Credit Analyst

• $40,000 - $82,000 Underwriter

• $30,000 - $54,000 Closer

• $50,000 - $70,000 Capital Market Analyst

**Approximation - salaries vary by company, location, etc.

Warehousing, QC, and Shipping and Delivery

Warehousing, QC and Shipping & Delivery Careers: Warehousing

Warehousing, QC and Shipping & Delivery Careers: Quality Control

Warehousing, QC and Shipping & Delivery Careers: Quality Control

Secondary Marketing

Secondary Marketing Careers and Functions

Loan Servicing

Loan Servicing Careers

Loan Servicing Career Salary Ranges

• $30,000 - $60,000 Accounting & Investor Relations

• $30,000 - $42,000 Customer Service

• $30,000 - $50,000 Escrow Administration

• $30,000 - $50,000 Default Administration

Other Mortgage Banking Careers

Other Mortgage Banking Career Salary Ranges

•$35,000 - $71,000

Regulatory Compliance

•$41,000 - $89,000

Technology

Profiles of Mortgage Banking Professionals

Loan Production: Account Executive

Loan Production: Manager of Underwriting

Servicing: Escrow Administrator

Servicing: Loss Mitigation

Secondary Marketing Career

Secondary Marketing Career

Technology Career

Quality Control Career

Student MBA Membership Benefits**

Discounts on select educational

programs

Subscription to MBA’s industry

news email digest, MBA NewsLink

Industry networking & job

opportunities

** In order to qualify, the student needs to be currently enrolled in a 2-4 year college.

MBA NewsLink

Disclaimer

This publication is designed to present, as simply and as accurately as possible, a general explanation of processes and functions within the mortgage industry. It should be noted that the information presented is not all-inclusive. Forms, regulations and overall processes may change because of changes within the industry. This publication should not be used as a substitute for referring to the applicable rules and regulations and is distributed with the understanding that the publisher is not engaged in rendering legal or other personalized professional service. If legal or other expert assistance is required, the services of a competent professional should be sought.

Questions

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