What does a Mortgage Originator do?
Mortgage servicing specialists are responsible for a broad range of tasks related to the processing and continued maintenance of mortgage loan accounts. They set up initial accounts for newly approved loans, serve as a direct contact for borrowers with questions or concerns, and implement automatic payment arrangements. They oversee account data and manage databases, running reports and performing analysis of the overall group of accounts or a specific subset. They may initiate appropriate actions for delinquent or nonperforming accounts, and oversee the final closeout process for satisfied loans.
Mortgage servicing specialists typically have at least a high school diploma, although additional education or training is preferred. They generally have a background in banking, business, or customer service roles. They must be highly organized and proficient in using common office software programs and data analysis tools.
Mortgage Originator Salaries
Average Base Pay
Mortgage Originator Career Path
Learn how to become a Mortgage Originator, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.