Lafayette Schools Federal Credit Union, in Lafayette, LA, with over 20,000 members, has an opportunity for a skilled Mortgage Loan Manager
Candidates should have a proven record of successfully leading multiple mortgage lenders, and overseeing mortgage processes
Must have a minimum of 5 years of recent experience in all areas of the mortgage lending field: origination, underwriting, processing, and closing loans
The right candidate will promote and provide business development, relationship management of credit union members and vendor
Basic Requirements:
Possess active Mortgage Loan Originator license (NMLS) with no negative entries
High School Diploma or GED
Previous management experience
Demonstrated ability to work responsibly with a high degree of autonomy and accountability
A high level of interpersonal skills
Financial analytical ability
Honesty along with high ethical standards
Duties and Responsibilities:
Ensure that mortgage loan policies, procedures, services, products, and documentation meet federal and state regulations
Set the Mortgage Loan Department’s strategic plans to align with the credit union’s business plan. Establish and ensure the implementation of target goals for the department
Communicate credit union goals and direction with all mortgage loan employees to ensure clear understanding of rules, regulations, requirements, and expectations
Create the budget for department and track on an ongoing basis for adherence
Develop, implement, and monitor mortgage policies and procedures in accordance with credit union goals and strategies. Work with other departments to maintain consistency in credit union policies and procedures
Oversee and monitor the mortgage loan and department functions to achieve their strategic goals. Direct the work of the mortgage loan department staff in all lending areas to include underwriting, loan processing, loan documentation, approval or denial of loans escrows and any related mortgage loan product
Oversee the development and monitoring of performance standards. Provide mentoring, coaching, or training to support and develop staff
Responsible for the origination and approval of all residential mortgage loans in accordance with established goals and standards for the department
Responsible for the sale of residential mortgage loans on the secondary market
Responsible for the foreclosure, maintenance, and sale of residential properties that are in default
Oversee efforts required to develop and establish internal and external programs and relationships with mortgage brokers and others for loan production
Research and evaluate feasibility of new mortgage lending products. Develop and implement plans for expansion of mortgage lending programs. Keep abreast of changes in the industry and changing trends in mortgage lending and react to changes in a way that maintains competitiveness
Work with V.P. of Lending, staff and members on complex issues to prevent loss to the credit union and support the membership
Represent and promote the credit union at external functions
Maintain a highly motivated, well-trained staff, maintaining effective employee relations