Real Estate Loan Servicing Manager

Rockland Federal Credit•Rockland, MA

7d•$76,000 - $96,000

About The Position

Under the direction of the SVP of Loan Servicing, manages all aspects of the Real Estate Loan Servicing department to ensure efficient and compliant operation in conformance with federal, state and internal regulations, policies and procedures. Areas of oversight include residential mortgages (fixed, adjustable), commercial (C&I, real estate, lines), consumer (personal, equity) and secondary markets (mortgages, auto).

Requirements

At least three to five (3-5) years mortgage servicing experience, with two (2) years management-level experience. Advanced knowledge of Word and Excel.
Able to work independently and to prioritize duties/projects and manage multiple priorities and interruptions.
Excellent written and verbal communication skills to effectively communicate with members, vendors and staff at all levels within organization.
Strong ability to perform work with accuracy and attention to detail.
Ability to solve problems using resourcefulness, ingenuity and sound judgement.
Ability to develop extensive knowledge of credit union products and services, policies and procedures.
Ability to develop a clear understanding of applicable Federal/State Lending regulations
Ability to travel to other branches as needed.

Responsibilities

Embraces the service culture while leading and coaching employees to maximize their contribution to Credit Union and department goals.
Provides ongoing coaching and counseling to team members in an effort to achieve departmental and individual goals. Works to provide a positive team environment and resolve difficult employee relations problems; conduct annual performance evaluations in accordance with Credit Union policy.
Participate in the selection, training and development of the team, ensuring training on residential servicing policies and procedures, products, technology and regulatory requirements.
Updates written procedures and mortgage loan information as needed. Responsible for the development and revision of departmental policies and procedures for all product loans. Ensures that approved regulations and operating policies and procedures are implemented and adhered to and that department personnel are properly trained.
Oversees accurate and timely processing of property taxes and private mortgage insurance, hazard, mortgage life and disability insurance, adjustments to non-fixed rate products, review and approval of insurance claims, modifications of mortgage products, subordination requests, discharge of mortgages paid in full. Works with leadership in the generation, review and issuance of escrow analysis to members.
Oversee the generation and delivery of TRID compliant Home Equity closing documents to branches.
Participates in the preparation, review and submission of HMDA LAR data.
Responds to QC reviews on closed mortgage loan files; follows up on trailing documents.
Provides support to borrowers and branch personnel by responding to requests for appropriate information and documentation concerning the servicing of loans. Respond to telephone inquiries for mortgage and loan questions.
Works with the SVP in reviewing and recommending decisions for requests for partial releases, and cancellation of mortgage insurance.
Maintains knowledge of and ensures departmental compliance with all regulatory, security and Credit Union policies. Ensures compliance with Federal and State regulations and Bank Policies and procedures. Establishes and reviews policies and procedures for functional areas.
Tests new products and ensure system updates are completed and functioning properly.
Ensures daily settlement of the department and balancing general ledgers.
Attend seminars and training in order to stay abreast of any changes applicable to laws and to enhance existing skills.