In the mortgage and financial industries, a BDM, or Business Development Manager, is a professional responsible for building and maintaining relationships with mortgage brokers, lenders, and other partners to drive business growth.

BDMs typically work for lenders, banks, or mortgage providers, acting as a liaison between the organization and brokers to help them understand and offer the lender’s mortgage products effectively.

Key duties of a BDM include providing support to brokers, updating them on new products or policy changes, and offering training on how to navigate application processes. They play a critical role in expanding a lender’s market reach, ensuring smooth communication between brokers and lenders, and helping brokers address client needs with tailored mortgage solutions.

Last modified: November 5, 2024