AVP, Real Estate Lending
3.
9 Portsmouth, NH Portsmouth, NH Full-time Full-time $141,364 a year $141,364 a year osition has overall management responsibility for Real Estate Lending Department.
Responsible for performing all real estate loan origination, processing, underwriting, and servicing functions.
Creates, recommends, and develops all plans, products, policies, procedures, training programs, and business relationships necessary to perform all real estate lending functions.
Oversees National Lending operations with the SCU lending partner to ensure effective delivery of products to all members.
Recommends the annual budget for REL in accordance with credit union approved fiscal procedures and recommends capital expenditures for planning and development of Real Estate Lending.
Works with Special Accounts Manager for real estate loan collection activity including analysis and recommended action plan.
Provides property management and oversees re-sale of credit union owned properties acquired through loan defaults.
Senior Loan Officer - Real Estate Lending and responsible for the Real Estate Lending Department's financial results.
Responsible for the management of staff in the recognized department of Real Estate Lending.
Required to interview and hire appropriate candidates; as well as perform annual evaluations on current subordinates.
Makes recommendations regarding disciplinary actions and terminations to CLO and is responsible for communicating those decisions to employees.
Position
Responsibilities:
Assure timely and accurate origination, processing, and closing of all real estate loan applications including locally serviced and national loans.
Approve Real Estate Loans within loan policies and allowed exception levels.
Approve requests to resolve problematic real estate loans.
Meet or exceed all real estate loan origination and servicing standards.
Set goals for annual production and work to meet or exceed those production volume goals Provide coaching and counseling to staff members.
Complete annual performance appraisals for direct reports, (REL Specialist, Asst.
Manager Real Estate Lending, and Asst.
Manager - Servicing; provide input and assistance for all other staff performance appraisals.
Develop and recommend Real Estate department objectives and annual goals.
Prepare annual budget recommendations for real estate lending.
Develop and recommend department staffing, equipment, and technology needs.
Recommend new programs and procedures to work within the current economic environment while meeting member's needs for real estate loan products.
Continuously study and review new programs for members to meet member's needs and company goals and objectives.
Recommend all new and changes to existing real estate lending programs and products.
Create new products and all corresponding forms, procedures, and policies.
Implement new systems and technologies to support programs and procedures.
Recommend corresponding policies and procedures to the Vice President-Lending Work with the Marketing Department on real estate loan advertising and promotional programs.
Research and recommend companies to provide appraisals, title work, title insurance, flood zone determination, and private mortgage insurance services.
Research and recommend correspondent mortgage lenders and secondary market relationships.
Recommend all new and monitor existing service standards for all service providers.
Maintain service and vendor relationships in a manner that will enhance the overall performance of real estate lending and ensure quality member service.
Assure adherence of credit union policies and procedures to external regulations and directories.
Address internal, external and NCUA audit exceptions and concerns.
Address issues and concerns identified by the Vice President-Regulatory Compliance.
Review and address quarterly Quality Control findings.
Ensure timely submission of HMDA reporting.
Ensure timely year end reporting to secondary market investor including Fannie Mae, Freddie Ma and FHLB.
Ensure training and periodic review of all BSA requirements.
Ensure training and periodic review of all regulatory compliance requirements.
Maintain current forms in the production and servicing systems.
Oversee periodic FICS systems updates.
Manage the sale of loans to correspondent mortgage lenders and secondary market.
Manage systems and technologies to support loan sales.
Manage investor pipelines for servicing and collection activity.
Review market rates and complete monthly rate recommendations.
Monitor real estate loan collection activities with Manager of Special Accounts, complete default reviews along with recommendation of action plan.
Work with attorneys on defaulted loans up to and including foreclosure.
Direct or manage all pre-foreclosure, foreclosure, and OREO efforts, including ensuring properties are safe, insured and sold to minimize loss to the credit union.
Work with Special Accounts Manager in recommending all real estate loan charge-offs for Board approval.
Assure timely and accurate creation of all FICS financial reports and department delinquency reports.
Continuously seek new ways to improve department efficiencies to meet department and credit union goals.
Continuous communication with IT department in updating, correcting, and enhancing systems to better benefit the credit union and serve the members.
Review and recommend applicable policy changes to the board of directors.
Responsible to meet or exceed the Real Estate Lending Department's goals and objectives.
Responsible for the financial results of the Real Estate Lending Department.
Maintain confidentiality regarding credit union policies and procedures, member financial data, personal information, and work-related events.
Provide quality support and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust, and respect.
Perform other duties as required.
Required Knowledge and Skills:
In-depth knowledge of residential real estate lending and demonstration operational experience.
Demonstrated managerial skills.
Related credit union experience and the ability to effectively assume leadership role of position.
In depth knowledge of loan origination, processing, underwriting, and servicing functions essential and experience with new product development.
Prior credit union or related mortgage lending experience desirable.
Proven experience in compliance with federal regulations.
Able to adapt easily in a rapidly changing technical environment.
Excellent interpersonal, presentation and organizational skills.
Ability to communicate clearly and effectively verbally and in writing Proficient with Excel, Microsoft Outlook, Word, Power point, and various web-based applications required.
Education/Experience/Certifications:
Education:
Bachelor's degree in Business, Finance, or related subjects and/or special industry training required.
Experience:
Minimum 5 years' residential mortgage experience.
Certification(s):
If applicable.
Job Type:
Full-time Pay:
$141,363.
52 per year
Benefits:
401(k) Dental insurance Flexible spending account Health insurance Health savings account Life insurance Paid time off Vision insurance Physical setting:
Office Schedule:
Monday to Friday Work Location:
Hybrid remote in Portsmouth, NH 03801.
Estimated Salary: $20 to $28 per hour based on qualifications.
9 Portsmouth, NH Portsmouth, NH Full-time Full-time $141,364 a year $141,364 a year osition has overall management responsibility for Real Estate Lending Department.
Responsible for performing all real estate loan origination, processing, underwriting, and servicing functions.
Creates, recommends, and develops all plans, products, policies, procedures, training programs, and business relationships necessary to perform all real estate lending functions.
Oversees National Lending operations with the SCU lending partner to ensure effective delivery of products to all members.
Recommends the annual budget for REL in accordance with credit union approved fiscal procedures and recommends capital expenditures for planning and development of Real Estate Lending.
Works with Special Accounts Manager for real estate loan collection activity including analysis and recommended action plan.
Provides property management and oversees re-sale of credit union owned properties acquired through loan defaults.
Senior Loan Officer - Real Estate Lending and responsible for the Real Estate Lending Department's financial results.
Responsible for the management of staff in the recognized department of Real Estate Lending.
Required to interview and hire appropriate candidates; as well as perform annual evaluations on current subordinates.
Makes recommendations regarding disciplinary actions and terminations to CLO and is responsible for communicating those decisions to employees.
Position
Responsibilities:
Assure timely and accurate origination, processing, and closing of all real estate loan applications including locally serviced and national loans.
Approve Real Estate Loans within loan policies and allowed exception levels.
Approve requests to resolve problematic real estate loans.
Meet or exceed all real estate loan origination and servicing standards.
Set goals for annual production and work to meet or exceed those production volume goals Provide coaching and counseling to staff members.
Complete annual performance appraisals for direct reports, (REL Specialist, Asst.
Manager Real Estate Lending, and Asst.
Manager - Servicing; provide input and assistance for all other staff performance appraisals.
Develop and recommend Real Estate department objectives and annual goals.
Prepare annual budget recommendations for real estate lending.
Develop and recommend department staffing, equipment, and technology needs.
Recommend new programs and procedures to work within the current economic environment while meeting member's needs for real estate loan products.
Continuously study and review new programs for members to meet member's needs and company goals and objectives.
Recommend all new and changes to existing real estate lending programs and products.
Create new products and all corresponding forms, procedures, and policies.
Implement new systems and technologies to support programs and procedures.
Recommend corresponding policies and procedures to the Vice President-Lending Work with the Marketing Department on real estate loan advertising and promotional programs.
Research and recommend companies to provide appraisals, title work, title insurance, flood zone determination, and private mortgage insurance services.
Research and recommend correspondent mortgage lenders and secondary market relationships.
Recommend all new and monitor existing service standards for all service providers.
Maintain service and vendor relationships in a manner that will enhance the overall performance of real estate lending and ensure quality member service.
Assure adherence of credit union policies and procedures to external regulations and directories.
Address internal, external and NCUA audit exceptions and concerns.
Address issues and concerns identified by the Vice President-Regulatory Compliance.
Review and address quarterly Quality Control findings.
Ensure timely submission of HMDA reporting.
Ensure timely year end reporting to secondary market investor including Fannie Mae, Freddie Ma and FHLB.
Ensure training and periodic review of all BSA requirements.
Ensure training and periodic review of all regulatory compliance requirements.
Maintain current forms in the production and servicing systems.
Oversee periodic FICS systems updates.
Manage the sale of loans to correspondent mortgage lenders and secondary market.
Manage systems and technologies to support loan sales.
Manage investor pipelines for servicing and collection activity.
Review market rates and complete monthly rate recommendations.
Monitor real estate loan collection activities with Manager of Special Accounts, complete default reviews along with recommendation of action plan.
Work with attorneys on defaulted loans up to and including foreclosure.
Direct or manage all pre-foreclosure, foreclosure, and OREO efforts, including ensuring properties are safe, insured and sold to minimize loss to the credit union.
Work with Special Accounts Manager in recommending all real estate loan charge-offs for Board approval.
Assure timely and accurate creation of all FICS financial reports and department delinquency reports.
Continuously seek new ways to improve department efficiencies to meet department and credit union goals.
Continuous communication with IT department in updating, correcting, and enhancing systems to better benefit the credit union and serve the members.
Review and recommend applicable policy changes to the board of directors.
Responsible to meet or exceed the Real Estate Lending Department's goals and objectives.
Responsible for the financial results of the Real Estate Lending Department.
Maintain confidentiality regarding credit union policies and procedures, member financial data, personal information, and work-related events.
Provide quality support and maintain a professional relationship with peers, management, other staff, and members through cooperation, mutual trust, and respect.
Perform other duties as required.
Required Knowledge and Skills:
In-depth knowledge of residential real estate lending and demonstration operational experience.
Demonstrated managerial skills.
Related credit union experience and the ability to effectively assume leadership role of position.
In depth knowledge of loan origination, processing, underwriting, and servicing functions essential and experience with new product development.
Prior credit union or related mortgage lending experience desirable.
Proven experience in compliance with federal regulations.
Able to adapt easily in a rapidly changing technical environment.
Excellent interpersonal, presentation and organizational skills.
Ability to communicate clearly and effectively verbally and in writing Proficient with Excel, Microsoft Outlook, Word, Power point, and various web-based applications required.
Education/Experience/Certifications:
Education:
Bachelor's degree in Business, Finance, or related subjects and/or special industry training required.
Experience:
Minimum 5 years' residential mortgage experience.
Certification(s):
If applicable.
Job Type:
Full-time Pay:
$141,363.
52 per year
Benefits:
401(k) Dental insurance Flexible spending account Health insurance Health savings account Life insurance Paid time off Vision insurance Physical setting:
Office Schedule:
Monday to Friday Work Location:
Hybrid remote in Portsmouth, NH 03801.
Estimated Salary: $20 to $28 per hour based on qualifications.
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