Top Mortgage Credit Manager manages the loan application review process to determine loan eligibility and terms. Schedules and coordinates workload to ensure timely and accurate turnaround, and adequate staffing. Being a Top Mortgage Credit Manager provides loan options or product recommendations based on qualifications and stays informed on any new products, regulations, or product changes. Assists loan underwriters with complex or unique circumstances and trains the team on all regulatory guidance to ensure compliance. Additionally, Top Mortgage Credit Manager recommends improvements to the review process and general underwriting procedures to maximize efficiency. Requires a bachelor's degree. Typically reports to a director. The Top Mortgage Credit Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Top Mortgage Credit Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Job Title
Processing Manager
Reports To
Managing Director of Retail Operations
Job Overview
The Processing Manager is responsible for overseeing the day-to-day loan processing operations of a mortgage company. They ensure that all loans are processed in accordance with federal and state regulations, while also ensuring that the company’s employees are properly trained on new policies or procedures.
As a mortgage processing manager, you’ll play a critical role in that process, overseeing a team of mortgage processors and ensuring that loan applications are processed efficiently and accurately. The ideal candidate will have experience in the mortgage industry, as well as strong leadership and management skills. You must be able to work in a fast-paced environment and be comfortable making decisions under pressure. If you’re looking for an opportunity to make a difference in the lives of others, this is the job for you.
Responsibilities and Duties
· Oversee the daily operations of the mortgage processing department, including loan origination, underwriting, and closing
· Ensure that all loans are processed in a timely and efficient manner, in accordance with company policy and procedure
· Review and approve loan files for accuracy and completeness prior to submission to underwriting
· Manage a team of mortgage processors, providing guidance and support as needed
· Monitor individual and team performance, providing feedback and coaching as necessary
· Handle escalated issues and customer complaints in a professional and efficient manner
· Serve as a liaison between the processing department and other departments within the organization
· Keep abreast of industry changes and updates, ensuring that company policies and procedures are updated accordingly
· Maintain accurate records of all loan files and documentation
· Prepare regular reports on departmental activity and performance
· Participate in departmental budgeting and forecasting
· Perform quality control reviews of loan files
Qualifications:
· Bachelor’s degree in business, finance, or related field
· 5 years experience in mortgage loan processing
· Expert knowledge of mortgage loan processing software and systems
· Strong understanding of federal, state, and local lending regulations
· Ability to lead and manage a team of loan processors
· Excellent communication, interpersonal, and customer service skills
· Highly organized with superb attention to detail
Note: This job description is intended to provide a general overview of the position. Duties and responsibilities may be subject to change based on organizational needs and priorities.
Job Type: Full-time
Pay: $45,000.00 - $65,000.00 per year
Benefits:
Experience level:
Shift:
Weekly day range:
Ability to Relocate:
Work Location: Hybrid remote in Plantation, FL 33324
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