What are the responsibilities and job description for the Mortgage Sales Manager (Exempt) position at Magnolia Bank?
Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and over 300 employees. We hold ourselves to the highest standard when it comes to providing an excellent customer experience through our personal way and the nurturing of our employees’ personal and professional growth. We keep a fun, friendly and engaging atmosphere all while living the Magnolia Values of Honesty, Integrity, Confidentiality, Excellence and Professionalism every day. Magnolia Bank is a customer focused bank that empowers, encourages, and engages our employees. Being Adaptive and Innovative is one of the main reasons Magnolia Bank continues to prosper.
We are currently seeking applicants for Mortgage Sales Manager - Madison, WI.
Qualified Candidates will be responsible for:
- Managing the secondary market lending function of the loan production office, ensuring compliance with all banking regulations
- Ensuring that borrowers are provided the required documents to comply with bank regulations, including but not limited to Good Faith Estimates of closing costs, and other Real Estate Settlement and Procedures Act (RESPA) documents
- Educating staff on and enforce the policies and procedures established with regard to the Secondary Market lending function, including addressing complaints and resolving problems
- Hiring and assisting in training loan production sales personnel, providing accurate and timely feedback on the progress of new personnel
- Completing annual reviews for all loan officers under his supervision.
Candidates must also have knowledge in:
- Bank’s secondary market policies and procedures
- Loan platforms utilized by the secondary market department
- Federal regulations concerning secondary market mortgage lending
- Knowledge of reverse mortgage guidelines both FHA/HUD
- Investors’ guidelines
Candidates must have a high school diploma or GED, a minimum of two years Secondary Market lending experience and must have working knowledge of Microsoft Word, Excel, and email software and use of the Internet. College courses relating to business, finance, and insurance is preferred.
This position can be in office or remote. It is a full-time, executive position that reports to the LPO Manager.
If you want a place to work with opportunities to grow and a place that feels like home-come join us!