home lending manager.

Some of the daily duties of a home lending manager include:

• reviewing loan applications: as a home lending manager, your primary responsibility is to ensure loan applications meet the requirements set in the company policy. While the lending specialist will qualify the loan applications, you review those that don’t meet all the requirements for acceptance and decide if the institution should lend money to the client.
• negotiating interest rates with borrowers or banks: as a home lending manager offering loan products from third parties, you negotiate the interest rates with banks or the lending institution. You ensure your client gets a good deal. You also consider factors like loan purpose and creditworthiness of the borrower when negotiating interest rates.
• working with borrowers on repayment schedules: as a home lending manager, you develop a feasible repayment plan for your clients. If their circumstances change within the loan term, you work with them to create another repayment schedule to avoid penalties and increased interest rates.
• coordinating with other professionals to process the paperwork: as a home lending manager, you supervise the processing of loan paperwork. You also work with the legal team to ensure the contracts prepared are legally binding.
• reviewing credit reports: as a home lending manager, you keep track of the credit facilities offered by your employer. You report any issues associated with outstanding debt and bankruptcies.

As a home lending manager, you typically work in an office setting for financial institutions, credit unions, or banks. Your job is mostly sedentary, but you may need to stand for extended periods when giving presentations. While there isn't much travelling required, you may occasionally visit clients or attend conferences. If you work for a financial institution with multiple branches, you may need to visit them regularly for meetings.

Depending on your employer and the industry you work in, your colleagues might include accountants, finance assistants, finance analysts, financial advisors and finance managers. You might also be working in close proximity to financial analysts and office managers. Other specialists you could work with include, but not be limited to, credit officers, lending managers and mortgage brokers.

As a home lending manager, your job will require you to work full-time during regular business hours. However, to accommodate the workload and meet with clients during their free time, you may occasionally work in the evenings or on weekends. Generally, you will work up to 40 hours a week when you work full-time. If you prefer a more flexible role, you can look for part-time or work-from-home lending manager positions.

As a home lending manager, you'll have the opportunity to develop valuable business skills and financial knowledge that will benefit you throughout your career. These abilities can prepare you for a range of roles within the company, such as becoming a lending manager responsible for overseeing all lending operations. Additionally, some home lending managers go on to pursue positions as credit officers or mortgage advisors.

Finding your home lending manager job through Randstad provides essential benefits such as:

• a wide variety of training and development opportunities
• an experienced contact person to provide help if needed
• a range of opportunities in your area
• get paid weekly or monthly, depending on the job
• temporary and permanent contracts

Want a permanent contract? A temporary job as a home lending manager is often a stepping stone to an attractive permanent job. Thousands of people earn a permanent contract every year with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too.

As a home lending manager, you earn an average salary of $105,000 annually. With entry-level experience, you can handle simple tasks and manage small teams. Hence, your earnings start at $95,000 annually. When you have additional experience and expertise, you will likely take home a salary of $115,000 yearly.

As a mortgage lending manager, you are responsible for a lending office's daily activities and operations. You manage all aspects of the lending process, from overseeing underwriting and compliance to processing mortgage loans for clients.

Being a home lending manager is a fulfilling and ever-changing profession. You collaborate with families to achieve their real estate goals by securing optimal financing. Although decision-making can be stressful at times, there are company policies and financial regulations in place to guide the process.

As a home lending manager, you require problem-solving skills and good communication ability to handle any issues that arise in the department. Customer service skills help you interact with clients and assist them with the application process.

You become a lending manager by completing the relevant qualification in credit management. You also need accreditation from the Australian Institute of Credit Management.

Applying for a home lending manager job is easy: create a Randstad profile and search our job offers for vacancies in your area. Then send us your CV and cover letter. Need help with your application? Check out all our job search tips here.