Navy Federal Credit Union
Supervisor, Mortgage Loan Ops
Navy Federal Credit Union, Hamilton, Ohio, United States, 45011
Overview
Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.
To supervise and direct the day-to-day activities of mortgage loan processing, closing and/or administrative functions for First Mortgage Sections. Plan, coordinate, direct and supervise the work of a section team with the responsibility for all steps involved beginning with the mortgage loan application to the final delivery of completed loans to Secondary Marketing or Servicing Divisions. Provide leadership and guidance on staff training in mortgage application procedures and respond/resolve member and/or technical questions related to first mortgage operations.
Responsibilities
Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulationsEnsure NFCU's compliance with federal, state and local regulations and statutes pertaining to first mortgage loans, including verifying that staff is diligent in reviewing loans to avoid RESPA and CFPB violationsEnsure section goals for bookings, conversion, disposition, member service and loan qualityCoach staff to improve productivity to meet section goalsTrain and monitor mortgage loan processing and closing staff in NFCU's procedures to ensure compliance with Federal laws, as well as, NFCU, NCUA and secondary market practices (VA, HUD, FNMA, FHLMC, and GNMA) guidelines and regulationsTrain loan closing staff in settlement procedures, review of title binders and surveys and document review/control to ensure the creation of valid and marketable first liensSupervise the preparation of loan closing instructions and disbursement of the loan proceeds to approved settlement agentsPerform on-going quality control to ensure efficiency and accuracy of processes and proceduresDetect errors and initiate or arrange for corrective action; ensure resolutionConduct quality control reviews of documents to ensure adherence to all regulations and requirements; communicate and/or correct errors/omissionsEnsure section objectives, production goals, standards, and strategies are executed and align with division prioritiesEstablish positive work environment, open communication and accountability; resolve technical or resource issuesIdentify and recommend process improvements to Project Manager, team and/or managementInvolved in driving continuous process improvement to increase member experience quality; reduce losses; minimize financial risk and maintain high operational efficiencyRemain alert to threats to loan security, fraudulent applications, and other questionable practices that may negatively impact the quality of the loan portfolioMonitor and respond to member inquiries received via various media channelsPerform supervisory/managerial responsibilitiesEnsure adequate/skilled staffing; select employeesEstablish performance goals and prioritiesPrepare, conduct and review performance appraisalsDevelop, mentor and counsel staffProvide input and/or prepare budget requirements for Annual Financial Plan (AFP)Ensure section/branch goals and objectives align with division/department strategyEnsure efficiency of operationsPerforms other duties as assigned or appropriate
Qualifications
Advanced knowledge of conventional, FHA, VA loans & RESPA guidelinesAdvanced knowledge of Navy Federal mortgage products, services, programs, policies and proceduresSignificant experience working in a high volume, fast paced environmentSignificant experience in leading, guiding and mentoring othersAbility to interpret and apply regulations, instructions and proceduresIf selected, will be required, prior to the assumption of employment duties, to register with the Nationwide Mortgage Licensing System and Registry; includes fingerprinting and background checksEffective skill maintaining accuracy with attention to detail and meeting deadlinesEffective word processing and spreadsheet software skillsAdvanced organizational, planning and time management skillsAdvanced skill applying lending principles, financial practices and evaluation of creditworthiness to make credit decisionsEffective skill exercising initiative and using good judgment to make sound decisionsEffective verbal and written communication skillsAdvanced skill interpreting, applying and explaining written and oral regulations, instructions, products and procedures in EnglishEffective skill interacting with staff, management, vendors and members diplomatically and tactfully
Desired Qualification(s)
Working knowledge of Navy Federal products, services, programs, policies and procedures
Hours: Monday - Friday, 8:30AM - 5:00PM
Location: Columbus, OH Must reside within a reasonable commuting distance to Columbus, OH
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
• Best Companies for Latinos to Work for 2024
• Computerworld® Best Places to Work in IT
• Forbes® 2024 America's Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023
• Fortune Best Workplaces for Women ™ 2023
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs
From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.
To supervise and direct the day-to-day activities of mortgage loan processing, closing and/or administrative functions for First Mortgage Sections. Plan, coordinate, direct and supervise the work of a section team with the responsibility for all steps involved beginning with the mortgage loan application to the final delivery of completed loans to Secondary Marketing or Servicing Divisions. Provide leadership and guidance on staff training in mortgage application procedures and respond/resolve member and/or technical questions related to first mortgage operations.
Responsibilities
Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulationsEnsure NFCU's compliance with federal, state and local regulations and statutes pertaining to first mortgage loans, including verifying that staff is diligent in reviewing loans to avoid RESPA and CFPB violationsEnsure section goals for bookings, conversion, disposition, member service and loan qualityCoach staff to improve productivity to meet section goalsTrain and monitor mortgage loan processing and closing staff in NFCU's procedures to ensure compliance with Federal laws, as well as, NFCU, NCUA and secondary market practices (VA, HUD, FNMA, FHLMC, and GNMA) guidelines and regulationsTrain loan closing staff in settlement procedures, review of title binders and surveys and document review/control to ensure the creation of valid and marketable first liensSupervise the preparation of loan closing instructions and disbursement of the loan proceeds to approved settlement agentsPerform on-going quality control to ensure efficiency and accuracy of processes and proceduresDetect errors and initiate or arrange for corrective action; ensure resolutionConduct quality control reviews of documents to ensure adherence to all regulations and requirements; communicate and/or correct errors/omissionsEnsure section objectives, production goals, standards, and strategies are executed and align with division prioritiesEstablish positive work environment, open communication and accountability; resolve technical or resource issuesIdentify and recommend process improvements to Project Manager, team and/or managementInvolved in driving continuous process improvement to increase member experience quality; reduce losses; minimize financial risk and maintain high operational efficiencyRemain alert to threats to loan security, fraudulent applications, and other questionable practices that may negatively impact the quality of the loan portfolioMonitor and respond to member inquiries received via various media channelsPerform supervisory/managerial responsibilitiesEnsure adequate/skilled staffing; select employeesEstablish performance goals and prioritiesPrepare, conduct and review performance appraisalsDevelop, mentor and counsel staffProvide input and/or prepare budget requirements for Annual Financial Plan (AFP)Ensure section/branch goals and objectives align with division/department strategyEnsure efficiency of operationsPerforms other duties as assigned or appropriate
Qualifications
Advanced knowledge of conventional, FHA, VA loans & RESPA guidelinesAdvanced knowledge of Navy Federal mortgage products, services, programs, policies and proceduresSignificant experience working in a high volume, fast paced environmentSignificant experience in leading, guiding and mentoring othersAbility to interpret and apply regulations, instructions and proceduresIf selected, will be required, prior to the assumption of employment duties, to register with the Nationwide Mortgage Licensing System and Registry; includes fingerprinting and background checksEffective skill maintaining accuracy with attention to detail and meeting deadlinesEffective word processing and spreadsheet software skillsAdvanced organizational, planning and time management skillsAdvanced skill applying lending principles, financial practices and evaluation of creditworthiness to make credit decisionsEffective skill exercising initiative and using good judgment to make sound decisionsEffective verbal and written communication skillsAdvanced skill interpreting, applying and explaining written and oral regulations, instructions, products and procedures in EnglishEffective skill interacting with staff, management, vendors and members diplomatically and tactfully
Desired Qualification(s)
Working knowledge of Navy Federal products, services, programs, policies and procedures
Hours: Monday - Friday, 8:30AM - 5:00PM
Location: Columbus, OH Must reside within a reasonable commuting distance to Columbus, OH
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
• Best Companies for Latinos to Work for 2024
• Computerworld® Best Places to Work in IT
• Forbes® 2024 America's Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023
• Fortune Best Workplaces for Women ™ 2023
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs
From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.