Mortgage Lending Manager
About The Position
FreeStar Financial Credit Union is looking for a dynamic Mortgage Lending Manager. If you would love to use your skills in analyzing and managing the servicing, and underwriting of mortgage loans , this may be the right role for you! The primary purpose of the Mortgage Lending Manager is to assist FreeStar Financial Credit Union in fulfilling our mission to positively impact the lives of our members, team members, and community through meaningful connections and progressive financial solutions. This is accomplished through ensuring lending policies and procedures in place and in the best interests of the credit union and its members. Additionally, managing the day -to-day operations for mortgage loan processing and servicing.
Requirements
- High School Diploma or some college preferred.
- Minimum of five year of similar or related experience in the financial industry preferred.
- Must have knowledge of various federal regulations and the responsibilities relating to each act of the following:
- Right to Financial Privacy Act
- Regulation E (EFTS)
- Regulation CC (Funds Availability)
- Regulation ZZ (Truth in Lending)
- Truth in Savings Act
- Bank Secrecy Act (BSA)
- Fair and Accurate Credit Transactions Act (FACT Act)
Responsibilities
- Oversee the day-to-day operations of the mortgage operations department for portfolio management as it relates to booking, processing, and servicing of mortgage
- Maintain a thorough understanding regarding Real Estate Lending programs and policies
- Responsible for ensuring all mortgage loan processing and loan servicing procedures are up to date.
- Oversee the processing of mortgage loan applications to ensure closing standards are met.
- Analyze lending functions to use technology in all areas and make necessary suggestions for improvement and create greater efficiencies.
- Responsible for understanding Fannie Mae selling guides, ensure all documentation is prepared properly, and sell FreeStar Financial loans to Fannie Mae.
- Oversee loan auditing, prepare reports, and track and follow up with team members on resolving any reported exceptions.
- Prepare monthly board reports.
- Prepare all reports to federal and state agencies including internal recipients regarding mortgage portfolios.
- Ensure all General Ledger accounts are balanced and work to resolve out-of-balance conditions promptly.
- Ensure prompt and accurate processing of escrow accounts.
- Ensure the prompt daily remittance and balancing of Fannie Mae Loan payments.
- Responsible for evaluating the job performance of all department team members, including issuing any disciplinary actions.
Benefits
- 4 weeks paid time off in the first year
- 401k with up to a 6% match
- Tuition Reimbursement
- Year-end bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
High school or GED
