Mortgage Loan Manager Salary in Forest Lake, Minnesota

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Average Salary for Mortgage Loan Manager in Forest Lake, Minnesota

The average salary of a(n) Mortgage Loan Manager in Forest Lake, Minnesota is $109,291.

The average hourly rate of a(n) Mortgage Loan Manager in Forest Lake, Minnesota is $52.54.

The average bonus of a(n) Mortgage Loan Manager in Forest Lake, Minnesota is $8,754.00.

Job Description:

Manages mortgage loan department of a financial institution. Coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit and loan activities. Develops or approves mortgage lending policies and interest rate structures. NOTE: ERI's findings based on asset size. Authorizes loans that exceed staff authority. Reviews loan applications for completeness. Analyzes applicant's financial status, credit, and property evaluation to determine feasibility of granting loan requests. Contacts customers, businesses, and community and civic organizations to promote goodwill and generate new business. May correspond with or interview applicant or creditors to resolve questions regarding application. May prepare financial and regulatory reports required by law, regulations, and Board of Directors. May examine and evaluate loan applications. May interview and hire workers. May evaluate data pertaining to costs to plan budget. May plan and develop methods and procedures for carrying out activities of department. Less

Manages mortgage loan department of a financial institution. Coordinates activities to implement institution policies, procedures, and practices concerning granting or extending lines of credit and loan activities. Develops or approves mortgage lending policies and interest rate structures. NOTE: ERI's findings... More

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