How much does a Mortgage Lending Manager make in Connecticut? The average Mortgage Lending Manager salary in Connecticut is $124,253 as of March 26, 2024, but the range typically falls between $99,988 and $156,162. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Mortgage Lending Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Lending Manager Salary $77,896 CT March 26, 2024
25th Percentile Mortgage Lending Manager Salary $99,988 CT March 26, 2024
50th Percentile Mortgage Lending Manager Salary $124,253 CT March 26, 2024
75th Percentile Mortgage Lending Manager Salary $156,162 CT March 26, 2024
90th Percentile Mortgage Lending Manager Salary $185,214 CT March 26, 2024
25% $99,988 10% $77,896 90% $185,214 75% $156,162 $124,253 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Lending Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

2.

Scrum: Using an agile process for managing the lifecycle development of software products.

3.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

Initiative 8.26%
Scrum 2.48%
Underwriting 1.65%
Others 87.61%

Job Description for Mortgage Lending Manager

Mortgage Lending Manager manages a team of mortgage lending specialists in developing customer relationships, promoting mortgage loan products, and attaining volume and profit goals. Ensures that application processing follows state, federal, and organizational policies and guidelines and that customers have accurate loan information and guidance about product options. Being a Mortgage Lending Manager conducts team training on company products and services. Coaches team members to promote a sales culture, improve selling techniques, and meet goals. Additionally, Mortgage Lending Manager monitors trends and developments in the real estate markets and changes to private and government-insured mortgages. Maintains relationships with a network of realtors, attorneys, CPAs, and other contacts to obtain referrals and facilitate the lending process. May require a bachelor's degree. Typically reports to a head of a unit/department. The Mortgage Lending Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Mortgage Lending Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Lending Manager in Connecticut

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Location Avg. Salary Date Updated
Location New London, CT Avg. Salary $123,327 Date Updated March 26, 2024
Location Norwich, CT Avg. Salary $123,559 Date Updated March 26, 2024
Location West Haven, CT Avg. Salary $124,831 Date Updated March 26, 2024
Location Abington, CT Avg. Salary $122,170 Date Updated March 26, 2024
Location Amston, CT Avg. Salary $123,674 Date Updated March 26, 2024
Location Andover, CT Avg. Salary $124,137 Date Updated March 26, 2024
Location Ansonia, CT Avg. Salary $124,831 Date Updated March 26, 2024
Location Ashford, CT Avg. Salary $122,170 Date Updated March 26, 2024
Location Avon, CT Avg. Salary $124,368 Date Updated March 26, 2024
Location Ballouville, CT Avg. Salary $122,055 Date Updated March 26, 2024

Career Path for Mortgage Lending Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Lending Manager, the upper level is Mortgage Loan Area Manager and then progresses to Top Mortgage Executive.

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Mortgage Lending Manager Salary in Connecticut
Mortgage Lending Manager Salary Graph, Regional Distribution and Summary