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AVP Loan Operations Manager

AVP Loan Operations Manager

Job Description

Who you are…
•Educated. Bachelor’s degree in related field or equivalent experience

•Experienced. Moderate amount of previous loan servicing experience with some previous experience in a similar position working in a company focused on innovation and growth

•Relentlessly High Standards. Demonstrated organizational skills, attention to detail and ability to work independently and as a member of a team

•Technically Savvy. Highly capable with Microsoft Office applications; XXX systems

•Detail oriented. Nothing gets overlooked when it comes to you. Professional, highly organized, and accurate with the ability to excel within a fast paced environment

•Go-Getter. Willing to go the extra mile with a strong work ethic; self-directed and resourceful.

•Results-oriented. You love the doing and the process but you are all about results. You possess strong planning, execution and multitasking skills and have the ability to reprioritize on the fly. You manage quickly changing priorities while meeting deadlines

•Excellent Communication. You know what to say and more importantly, how to say it.

•Service Minded. You deliver customer support like you expect to receive it; with excellence.

•Leader. Ability to partner, influence, and work effectively with all levels of an organization

•Performer. Demonstrated ability to work with ambiguity possessing a passion for collaboration and is solutions driven

•Conviction and Commitment. Proven track record of meeting commitments with the highest standards of ethics and integrity

The AVP Loan Operations Manager is responsible for managing real estate loan funding and servicing functions (1-4 family) to ensure efficient and effective operations, while operating under the policy and procedures in support of the Credit Union’s requirements for quality and efficient lending products and services. This includes cashiering, escrow, investor reporting, loan sales, shipping, technology Implementation/Enhancement and member relations. The incumbent also works with Accounting, Real Estate Lending, Consumer Lending, Central Operations, IT in performance of responsibilities. This position shares responsibility with other management for ensuring that Credit Administration supports Tech CU’s quality service goals.


Real Estate Servicing Functions

Ensures all department work is performed competently and according to schedule in the areas of:

•Residential mortgage documentation, funding and servicing
•Home Equity Servicing
•Services of Fannie Mae and Freddie Mac loans
•Implementation and Servicing of additional Investor Loan programs
•Shipping of sold loans prior to commitment expiration

Manages the day-to-day activities of the Real Estate Servicing function including; cashiering, escrow, investor reporting, automated tools and member relations.

Ensures documentation, funding and servicing of first mortgages and HELOCs are in accordance with Credit Union laws and regulations, Policies and Procedures, as well as, Tech CU Board of Directors’ policies.

Develops staff on products and services, regulatory compliance, policies and procedures, and sales/service techniques.
Works with and maintains relations with vendors that serve real estate lending and participates in the negotiations of supplier contracts (forced place insurance, tax service, title companies, and credit bureaus).

Keeps abreast of the latest regulatory/economic trends relevant to mortgage servicing by regularly reading professional and other appropriate publications.

Assists with development and management of policies, procedures, and activities appropriate to the operation and which address regulatory/economic changes.

Provides Functional Support to other Business Units as needed

Works with Accounting Department providing risk ratings for loans sold to the Secondary Market, and reconciliation for servicing income accounts.

Works closely with Special Assets Group on evaluation of Foreclosures & REO’s for data reporting.

Provides a wide array of expertise on organizational, high-value, and sensitive projects to Department/Division heads.

Serves on multiple project committees as directed by management.

Provides expertise to staff from loan sales units and assesses the need for compliance monitoring related to documentation.

Where necessary recommends solutions to ensure compliance and then trains cross-functional staff on same.

Systems and Reporting

Responsible for maintenance and implementation of software upgrades within the department.

Works with other departments as necessary for integration of software tools.

Monitors and reports on department performance against approved operational goals and objectives, establishes with own manager goals for team improvement, provides support to other areas within Credit Administration.

Sales and Services

Provides functional support to the sales and service activities of the Credit Union, promotes the sale of all loan products and services to members.

Provides input in the development of new product/service programs and operating procedures to broaden/better serve the membership base, to promote the increased use/value of member services and products, and to maximize the financial results for the Credit Union and its members.
As appropriate, participates in various California Credit Union League local chapter and annual meetings and at industry conferences.
Establishes scope of authority and responsibility for direct reports.
Engages with direct reports and peers to align goals, establish performance metrics, provide feedback and develop talent.
Manages/monitors budget to maximize operating efficiencies.
Reviews and responds to concerns raised about the Department identified in audit/regulatory reports.
Supports established policy & procedures, recommending changes as needed.

Job Requirements

Typically has at minimum:

Education:BA/BS Degree desirable, with courses in business and management necessary to develop and maintain management proficiency. Knowledge of Real Estate origination and investor servicing is necessary.

Experience: 5+ years’ solid experience in real estate servicing, of which 3 years’ experience is supervising staff; at a financial institution and in a centralized lending environment.
Excellent knowledge in documentation, funding and processing of first mortgages and HELOCs. Strong knowledge of real estate investor relationship management related to Fannie Mae, Freddie Mac and other investors.

Thorough knowledge of all real estate related state and federal regulations guidelines (1-4 family) from NCUA, OCC, FTC, DFI, Fannie Mae, Freddie Mac, and Federal Home Loan.
Strong managerial, communication, supervisory, service management, and business writing skills.

Strong service, team, and employee development orientation.

Physical Requirements: Ability to sit 85% of the day. Keyboard and read computer screen for 90% of time during which one is seated. Ability to stand 15% of the day and periodically lifts files weighing up to 15 lbs. Communicate via phone 10% of day.


Job Snapshot

Other Pay 65,00-80,000
Employment Type Full-Time
Job Type Finance, Banking, Management
Education 4 Year Degree
Experience Not Specified
Manages Others Not Specified
Industry Other Great Industries
Required Travel Not Specified
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AVP Loan Operations Manager

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