VP Residential Lending Operations

Job Description

Job Description

SUMMARY DESCRIPTION

Manage and direct the operations of the Residential Lending department including loan production, processing, underwriting, closing, portfolio quality and secondary market activities.

 

ESSENTIAL JOB RESPONSIBILITIES

• Develop and execute the residential lending strategy in support of organizational growth, profitability and market objectives
• Establish and monitor loan production targets, pipeline activity, turn times, pull-through, pricing and profitability, taking corrective action as needed to meet department goals and strategic objectives
• Lead, mentor and develop residential lending staff, including hiring, performance management and succession planning; manage policies, procedures, and compliance within the department
• Oversee the complete residential mortgage cycle, from application and origination through processing, underwriting closing and post-closing, ensuring quality, efficiency and positive customer experience.
• Establish and maintain department policies, procedures and workflows; evaluate and implement loan origination system (LOS) and other mortgage technology enhancements to improve efficiency
• Manage secondary market activities including loan sales, securitization and investor relationships, pricing and execution strategy; monitor gain-on sale margins 
• Oversee HMDA data integrity and reporting process.
• Prepare and present residential lending reports and recommendations to senior leadership and the Board, as appropriate.
• Oversee vendor and third-party relationships supporting residential lending operations, such as appraisal management, document preparation and loan origination system providers
• Manage and develop third party origination relationships
• Ensure residential lending practices comply with applicable federal and state laws and regulations, investor guidelines and organizational policies.

 

 

SPECIFIC SKILLS REQUIRED

Extensive knowledge of residential lending products, regulations and market trends. Proven track record in first and second mortgage lending, origination, underwriting and secondary market pricing and sales. Leadership experience in managing teams and budgets. Ability to balance regulatory compliance with business growth objectives.

 

EXPERIENCE & EDUCATION REQUIREMENTS

• Bachelor's degree in Finance, Business Administration or a related field required, or an equivalent combination of education and experience; Master's degree or industry certification a plus.
• 10+ years of progressive experience in residential lending, including significant leadership or management responsibility.
• Underwriting and credit analysis experience required.

 

NOTICE

This list of duties is not intended to be all-inclusive and may be expanded to include other duties that may be deemed necessary by management from time to time. The Bank reserves the right to modify, interpret, or apply the job description in any way the company desires and that the job description is not a contract for employment. All employment is “at will”. Also, employee is expected to have knowledge of and adherence to Bank policies and procedures. The employee complies with state and federal regulations and specific BSA/AML related regulations and all information security related regulations. 

Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

EEOC Statement: WSB provides equal employment opportunity to all individuals regardless of their race, color, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.