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Salary and Benefits

Mortgage Servicing Specialist
$42K-$52K / yr. (est.)
$43K
$47,324 / year
$52K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Mortgage Servicing Specialist

What does a Mortgage Servicing Specialist do?

As Mortgage Servicing Specialists, we consult clients regarding performance in servicing, delivery accuracy, investor reporting, document control, loss mitigation, reporting, and lender compliance. We ensure that the Mortgage loan servicing disclosures are entirely error-free and manage & supervise detailed reports, repricing, and reconciling activities. We also evaluate Mortgage loan serving data, research issues, and exceptions and execute apt changes and quality control measures related to loan servicing. We recommend realistic solutions to resolve existing problems and facilitate their implementation while supporting clients according to established guidelines.

Core tasks:

  • order, renew, review, and maintain loan payoffs and disbursements
  • regularly conduct detailed root cause analysis of client issues
  • analyze clients’ staff capabilities to integrate organizations work rules within customers’ support

Insights

How Many Years of Experience Do Professionals Need Before Becoming Mortgage Servicing Specialist?
On average, people work 5-7 years in other positions prior to becoming a Mortgage Servicing Specialist.
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Loan OfficerNew York City, NY - A year ago
i regret missing out on those years working in other positions! it would've given me a broader perspective as a Mortgage Servicing Specialist. 🤦
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Escrow OfficerSan Francisco, CA - A year ago
don't care how long it takes, as long as it's fulfilling in the end. keep hustling, folks! 🙌
How Long Do Mortgage Servicing Specialist Employees Typically Stay in Their Roles?
On average, Mortgage Servicing Specialists works in this position for 3-5 years across multiple employers.
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Bank ManagerHouston, TX - A year ago
As a Bank Manager, I need my employees to stay longer to ensure efficiency. Any suggestions on increasing the average tenure?
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Financial AnalystMiami, FL - A year ago
it's understandable that people move on from this role, but what is the industry doing to improve employee retention in Mortgage Servicing?
What Is the Job Hopper Score for Mortgage Servicing Specialist Employees?
Moderate job changes in Mortgage Servicing Specialist, showing some career movement without excessive turnover.
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Financial AnalystHouston, TX - A year ago
I've done extensive research on Mortgage Servicing Specialists, and this infographic aligns with the data I've found. There is a healthy level of job changes without excessive turnover.
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UnderwriterMiami, FL - A year ago
i don't see an issue with Mortgage Servicing Specialists having moderate job changes. it allows for growth and keeps things fresh and exciting in the industry! 😊

Career path

Path to job

How long does a Mortgage Servicing Specialist work in this position across multiple employers?
22 %
Loan Officer
Avg. length of tenure:4 years
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Read more
21 %
Mortgage Loan Consultant
Avg. length of tenure:3 years
Show jobs
Read more
Discover a Mortgage Servicing Specialist's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Mortgage Servicing Specialist typically studied at.
Arizona State University-Tempe
California State University-Northridge

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Mortgage Servicing Specialist Employees?
Gender ratio in Mortgage Servicing Specialist position: 0.543983110485574 Male and 0.456016889514426 Female. Age ratio in Mortgage Servicing Specialist position: 16-20: 10%, 21-30: 47%, 31-40: 19%, 41-50: 12%, 51-60: 8%, 60+: 4%. Mortgage Servicing Specialist position is predominantly male (54.4%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Mortgage Servicing SpecialistMiami, FL - A year ago
The age distribution is also important to analyze. Any thoughts on why younger age groups dominate this occupation? 🤔
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Mortgage Servicing SpecialistSan Francisco, CA - A year ago
Maybe younger people are more attracted to this field due to the convenience of technology and a growing interest in finance? 💡

Workplaces

Who Are the Top Employers for Mortgage Servicing Specialist?
Top employers of Mortgage Servicing Specialist position: American Advisors Group, Bank of America, Reverse Mortgage Funding LLC. People who work in Mortgage Servicing Specialist position most typically go on to work for the American Advisors Group.
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Mortgage Servicing SpecialistHouston, TX - A year ago
Y'all clearly haven't seen the mortgage industry in Houston. None of these employers treat their Mortgage Servicing Specialists fairly!
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Mortgage Servicing SpecialistPhiladelphia, PA - A year ago
Bank of America may be a good option, but Reverse Mortgage Funding LLC has better growth opportunities and an amazing work environment!
American Advisors Group
Bank of America
Reverse Mortgage Funding LLC
What Industries Does Mortgage Servicing Specialist Typically Have Experience In?
Industry Background: The most typical industries of Mortgage Servicing Specialist: Finance & Insurance, Professional / Scientific / Technical, Real Estate / Rental / Leasing, Information Technology, Administrative & Support. Mortgage Servicing Specialist employees most likely come from a Finance & Insurance industry background.
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Mortgage Servicing SpecialistHouston, TX - A year ago
Honestly, to each their own. But for me, dealing with endless paperwork and transactions all day long is snoozeville. It's time-consuming and doesn't leave much room for growth. 😑
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Mortgage Servicing SpecialistMiami, FL - A year ago
🔥 Look, folks! If you've got the skills, being a Mortgage Servicing Specialist can be pretty rewarding. It ain't easy, but the opportunity to help people on their homeownership journey is fulfilling. Plus, the finance industry offers stability!

Find your job as Mortgage Servicing Specialist

Discussion about Mortgage Servicing Specialist

Want to know more about Mortgage Servicing Specialist position?
Share your thoughts and ideas about Mortgage Servicing Specialist position with others in our community.
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Is Mortgage Servicing Specialist a female or male dominated profession?
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Benjamin Gardner3 years ago
This is a well balanced profession, about half of the people are women.
What is the most common age of a Mortgage Servicing Specialist?
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Benjamin Gardner3 years ago
The typical age is 33.
How many years of experience do you usually have as a Mortgage Servicing Specialist?
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Sophie Hayes3 years ago
You need 6 years of experience to work as a Mortgage Servicing Specialist.
Which industries have a lot of people working in Mortgage Servicing Specialist roles?
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Isabella Holmes3 years ago
For a Mortgage Servicing Specialist it’s the most likely to work in the Finance & Insurance.
What kind of higher education a Mortgage Servicing Specialist need?
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Liam Brown3 years ago
You should be fine with No higher education
Which company are you working for as a Mortgage Servicing Specialist?
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Liam Brown3 years ago
American Advisors Group, Bank of America, Reverse Mortgage Funding LLC, Wells Fargo and Wells Fargo Home Mortgage has the most employees.
How long do you usually work as a Mortgage Servicing Specialist before changing to another position?
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Liam Brown3 years ago
You should work for 4 years before considering changing to another role.
How likely is it for people working as a Mortgage Servicing Specialist to switch companies still working as a Mortgage Servicing Specialist?
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Liam Brown3 years ago
On average a Mortgage Servicing Specialist works for only a few companies.
From which job titles people come from to work as a Mortgage Servicing Specialist?
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Benjamin Gardner3 years ago
Most people come from Loan Officer, Mortgage Loan Consultant or Customer Service Representative roles
Working as a Mortgage Servicing Specialist what job titles should I consider to switch to?
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Benjamin Gardner3 years ago
Consider the following: Mortgage Loan Consultant, Mortgage Loan Officer or Loan Officer
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