Private Banking Mortgage Manager Senior

The Private Banking Mortgage Manager Senior role is responsible for the following: • Oversees and monitors the credit process for Private Client Group (PCG) mortgage loans. • Collaborates and directs team members during all phases of loan production including the fulfillment process to ensure clarity of request, proper documentation is requested/received, and customer experience expectations are met.

Position Title
Private Banking Mortgage Manager Senior

Location
San Francisco, CA 94111

Job Summary
The Private Banking Mortgage Manager Senior role is responsible for the following:
• Oversees and monitors the credit process for Private Client Group (PCG) mortgage loans.
• Advises on Fulfillment process design for PCG loans and advocates for the PCG customer experience.
• Recommends process improvements and SLAs to benefit the PCG Channel.
• Collaborates and directs team members during all phases of loan production including the fulfillment process to ensure clarity of request, proper documentation is requested/received, and customer experience expectations are met.
• Supports Sales and Fulfillment Team with evaluating and structuring mortgage loans for high-net-worth individuals.
• Writes loan rationales and exception requests that accurately depict the Bank's risk and support the request with appropriate compensating factors.
• Provides high touch service to the PCG Group Directors and Sales resulting in a smooth, quick process for their clients.
• Uses, develops, and modifies reporting to monitor all facets of PCG production, file movement, SLAs, and loan performance. Interjects themselves into the process to make correct actions.
• Works with downstream groups and partners throughout the Bank to create understanding of needs and develop processes and guidelines that support the PCG Channel.
• Assist in the development and ongoing updates to mortgage products/guidelines used by PCG bank including supporting the Bank's goals for deposit growth.
• Assist in the assessment of credit risk to minimizes losses to Flagstar Bank and fosters expansion of deposits which allows the bank to grow.

Job Responsibilities:

JOB RESPONSIBILITIES

• Meet with Group Directors to review and structure large complex loans identifying issues of concern and potential exceptions.
• Oversee and Mentor PCG Group Directors and support staff.
• Continually review and recommend changes to the loan flow process to improve customer service and efficiency.
• Work with Flagstar Underwriting Manager and Risk to approve exceptions.
• Expand the suite of products needed for the private bank.
• Monitor PCG mortgage loan delinquencies and exceptions and identify any trends and/or resolve potential issues within the process.
• Work with Senior Management of the PCG to ensure needs are being met.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)
• Minimum experience required: 15+ Years Private Banking lending Experience with a minimum of 15 yrs approving Mortgages and managing risk.
• Expert in Underwriting and credit risk assessment
• Ability to effectively communicate borrower creditworthiness, risk analysis and exception information.
• Expert understanding of the Loan Fulfillment process

Job Competencies:

• Strong communication, analytical and writing skills
• Ability to make quick, accurate credit decisions
• Thrive in a quick-paced environment
• Work with top producing Managing and Group Directors, providing white glove service.
• Problem solving skills
• Management experience
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range
$149,553.00 - $270,933.00

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.