What are the responsibilities and job description for the Mortgage Operations Manager (26-68) position at American Momentum Bank?
MORTGAGE OPERATIONS MANAGER
College Station - BCS Momentum Plaza
Job Summary:
The Mortgage Operations Manager is responsible for supervising the loan disclosure, loan processing, loan underwriting, loan closing, post-closing, and quality control functions. Responsibilities include development of processes and procedures, personnel training, pipeline management of loans from application through funding and loan sale, and management of the pre-funding and post-closing quality control program.
Job Duties & Responsibilities:
- Loan Disclosures: Responsible for ensuring all applications are disclosed within regulatory guidelines and timeframes, including re-disclosures based upon changed circumstances.
- Loan Processing: Responsible for managing the processing activities on all mortgage loan files, to prepare files for underwriting. Maintain turn times to meet client and bank standards for loan closing.
- Underwriting: Responsible for managing the underwriting process to ensure all loans are underwritten in a timely manner and in accordance with Bank and Agency/Investor underwriting standards. Responsible for ensure the salability of all loans held for sale.
- Loan Closing: Responsible for managing the loan closing duties, ensuring all loans are closed according to regulatory and legal guidelines.
- Shipping/Post Closing – Supervise shipping closed loan files to American Momentum Loan Department and/or Correspondent Investors. Ensure loans are acceptable for purchase and responsible for prompt clearing of any Investor suspense items.
- Pipeline Management – Monitor the daily pipeline to ensure loans are originated properly, disclosed timely, underwritten and closed on schedule, and delivered to Correspondent Investors within rate lock deadlines.
- Procedures/Guidelines – Update mortgage lending procedures and processes as needed, and ensure operations staff is trained and compliant with bank procedures, as well as Agency/Investor Guidelines.
Key Qualifications:
- Mortgage Loan Underwriting experience - 5 years.
- Mortgage Loan Processing, Closing, or Origination experience preferred – 2 years.
- Extensive knowledge of Fannie Mae Guidelines and AUS.
- Strong background in regulatory compliance and real estate documentation.
- Bachelor’s Degree in Business, Business Administration, Finance, or related field preferred.
- Excellent verbal and written communication skills, analytical and problem solving skills.