What are the responsibilities and job description for the SVP, Director of Mortgage Lending position at DFCU Financial?
The Opportunity: We are seeking an SVP, Director of Mortgage Lending to join our team. This position has overall management responsibility for the DFCU mortgage sales, mortgage servicing and mortgage operations departments in both Florida and Michigan.
What You’ll Do:
Evaluate loan portfolios and analyze developing trends.
Manage underwriting risks.
Implement lending models and create operational efficiencies.
Play a key role in the strategic planning process.
Implement budgets to achieve stated service and financial goals.
Partner with Treasury in monitoring and setting interest rates based on corporate guidelines.
Design new products to support membership needs and oversee the implementation.
Review loan production and delinquency reports to ensure policies and procedures are being followed.
Participate in the development and recommendation of loan objectives, policies and practices.
Develop a policy on mortgage rate exceptions and update annually as needed
Exercise administrative control over all phases of loan operations, directly through subordinates.
Meet regularly with department heads to discuss department status.
Maintain a working knowledge of regulatory and compliance requirements.
Supervise the management of Mortgage Operations, Sales, and Servicing departments.
Attend and actively participate in the Monthly Loan Committee content and discussion.
Able to develop mortgage talent pipeline to maintain and expand team throughout the Florida and Michigan field of membership.
Build and maintain effective partnership skills to leverage business opportunities with commercial banking, wealth management and branches.
Partner with marketing to leverage strategies to increase residential lending production.
What You’ll Need:
Bachelor’s degree in related field or related equivalent experience.
10 years of Mortgage Lending management experience.
Demonstrated experience with overall lending budget and staff planning, including containing the cost of production.
Able to oversee and implement technological advancements.
Strong problem-solving skills.
Proficient in project management.
Able to ensure compliance with regulatory requirements.
Able to analyze lending products, programs statistics and financial data.
Able to implement a strategic lending program to position the credit union as lender of choice.
