What is a loan servicing specialist and how to become one - Zippia

Jan 8, 2025 · Even if employers don't require a specific loan servicing specialist certification, having one may help you stand out relative to other applicants. The most common certifications for loan servicing specialists include Certified Management Accountant (CMA) and Certified …

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Loan Servicing Specialist Education Requirements - Zippia

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Apr 5, 2024 · The educational requirements for a loan servicing specialist are typically a high school diploma or higher. According to the data, 42.85% of loan servicing specialists have a …

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FAQs about What is a loan servicing specialist and how to become one - Zippia Coupon?

How do I become a loan servicing specialist?

Loan servicing specialists typically have at least a high school diploma, although additional education or training is preferred. These specialists commonly have a background in banking or customer service. They must be highly organized, and comfortable using database systems and common office software programs. ...

What does a loan servicing specialist do?

Loan servicing specialists are responsible for the processing and approval of new loan applications, and for managing existing loan accounts. They oversee applications upon intake, reviewing documentation, and confirming verification of information. They process approval decisions and set up the initial record of the new loan in the system. ...

How do I become a mortgage specialist?

Advise clients with mortgage needs by providing information regarding traditional and government programs, including USVA, FHA and VA loans. If you're interested in becoming a mortgage specialist, one of the first things to consider is how much education you need. We've determined that 55.1% of mortgage specialists have a bachelor's degree. ...

How much does a loan servicing specialist make?

The average salary for a Loan Servicing Specialist is 56,378 per year in undefined. Salary estimates are based on 1K salaries submitted anonymously to Glassdoor by Loan Servicing Specialist employees. What are similar professions to Loan Servicing Specialist? ...

How many Mortgage Specialists have a degree?

We've determined that 55.1% of mortgage specialists have a bachelor's degree. We found that 5.5% of mortgage specialists have master's degrees. Even though most mortgage specialists have a college degree, it's possible to become one with only a high school degree or GED. ...

What does a mortgage specialist do?

Mortgage specialists are professionals who work with lending institutions to identify the best lending product for their clients in exchange for taking the title of the debtors' properties. These specialists must process mortgage loan applications by reviewing their paperwork to ensure accuracy and completeness before submitting for approval. ...