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)
Reports To: SVP, Mortgage Risk Management and Servicing
This is a Supervisory Position
Functions Supervised: Manages Mortgage Quality Control and Program/Regulatory Compliance
Primary Functions: Ensure mortgage and real estate lending compliance with investor, guarantor, and regulatory requirements. Ensure loan quality through pre-closing and post-closing review processes.
Duties and Responsibilities:
Education: Bachelors degree in Business Administration or related fields. Advanced industry courses in real estate lending and/or regulatory compliance, including knowledge of all applicable laws and regulations preferred.
Creditable Experience in Lieu of Education: Five years of real estate lending experience. Prior compliance administration and quality control management.
Experience/Skills: Five years in real estate lending with a background in underwriting, compliance or quality control. Familiarity of general requirements of Conventional, VA, FHA, and RD. Knowledge of regulatory requirements impacting mortgage and real estate lending. Requires excellent organizational skills, and the ability to communicate clearly and professionally in both verbal and written format.
Tenure: Not Applicable.
Mortgage Quality Control Compliance Manager (Category 07)
Salary Pay Range: $82,171 - $137,981 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.
Equal Opportunity Employer
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0 Top Mortgage Credit Manager jobs found in Wasilla, AK area