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Careers in Residential Mortgage Banking Mortgage Bankers Association
| Date post: | 13-Apr-2017 |
| Category: |
Career |
| Upload: | tridentcadc |
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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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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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We appreciate you joining us today for:
“Careers in Residential Mortgage Banking” We hope you enjoyed and learned something new from the session Watch for the email containing the link to the recording and the Slideshare for today’s webinar Please be sure to leave your comments and suggestions as you log out See you next time!
