What are the responsibilities and job description for the Vice President Mortgage Services position at Indiana Members Credit Union?
Summary/Objective
Oversee the mortgage growth, management, workflow and promotion of first and second mortgages for sale to secondary markets and for the Credit Union loan portfolio. Responsible for the overall management of the quality and quantity of mortgage loan production and servicing; the training and supervision of employees; delegation of work and special projects; and personnel administration. Work closely with the Executive Team to develop a strategic plan for mortgage lending.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
- Employee supervision regarding delegation, training, enforcement of policy and procedures, and quality control
- Personnel administration
- Underwriting mortgage loans for exception approval
- Coordination of Supervisory and Marketing efforts
- Development and coordination of new policy, loan programs and procedural changes
- Maintain proficient knowledge of Regulatory, Agency, and Investor compliance and guidelines
- Main contact for vendors and investors
- Compile and prepare reports
- Research and problem solving
Location
On-site
Travel required
Will periodically be required to travel to other Credit Union locations and branches, as well as agreed upon conferences and training.
Required education and experience
- Previously led a growth-minded mortgage team, consisting of both production and operations.
- Mortgage Banking classes, professional real estate licensing, secondary market training with investors and ongoing compliance training beneficial
- Minimum of 10 years mortgage industry experience, with strong knowledge of underwriting, processing and regulatory compliance.
- Preferably, a good understanding of loan pricing and profitability opportunities with the secondary market.
- Associates degree or equivalent business experience
Additional eligibility requirements
Periodically required to work outside of normal business hours.
Other duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.