What is a residential mortgage manager and how to become one

Key steps to become a residential mortgage manager

1. Explore residential mortgage manager education requirements

   Most common residential mortgage manager degrees

   Bachelor's

   64.2 %

   Associate

   15.4 %

   Master's

   9.5 %

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2. Start to develop specific residential mortgage manager skills

   Skills	Percentages
   Business Relationships	9.49%
   Business Development	9.10%
   Residential Mortgage	8.34%
   Origination	7.74%
   Mortgage Products	6.18%

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3. Complete relevant residential mortgage manager training and internships

   Accountants spend an average of 3-6 months on post-employment, on-the-job training. New residential mortgage managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a residential mortgage manager based on U.S. Bureau of Labor Statistics data and data from real residential mortgage manager resumes.

4. Research residential mortgage manager duties and responsibilities

   • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
   • Work with SONYMA and FANNIE, FREDDIE, FHA, VA and portfolio products to maximize production.
   • Obtain approvals as a Fannie Mae lender and a FHA supervise lender.
   • Ensure the loan meet all regulatory requirements of HUD, VA, FNMA.

5. Apply for residential mortgage manager jobs

   Now it's time to start searching for a residential mortgage manager job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams