HRmango
Residential Mortgage Manager
HRmango, Salt Lake City, Utah, United States, 84193
HRmango is hiring for a Residential Mortgage Manager for a local bank here in the Salt Lake valley. Our client is committed to provide a customer friendly community bank environment that meets the needs of the local families, individuals, and business. They value long-term relationships fostered through innovation, professionalism and personalized service that exactly meets each customer's expectations.
The Residential Mortgage Manager will proactively lead and grow the Mortgage Team in achieving the highest levels of performance through processing, underwriting and closing of first mortgages. Success in this position is demonstrated by building and growing a cohesive team of mortgage personnel, effectively managing a pipeline of mortgage applications, ensuring regulatory compliance, and the timely underwriting and closing of mortgage loans in alignment with the credit union and secondary market's policies and procedures.
Job Breakdown:
RESIDENTIAL MORTGAGE MANAGER DUTIES
•Build production yet maintaining acceptable profitability and quality in compliance in the culture of the bank. Responsibility includes being on the Loan Committee.
PROFIT
•Oversee all components of the mortgage department operations within the foot print of the bank and insure profitability of the department and for the bank.
•Coordinate, collaborate, and communicate with other department heads of the bank; including Accounting, Compliance, HR, Audit and Regulatory Exams.
•Hire & Terminate Department Employees, as needed within the policies of the bank, that are not in harmony with goals and objectives of the bank.
MONTHLY REPORTING:
•P&L of the department
•Processing Department to be self-sustaining & without deficit losses
•Compliance Reports (NOATS- nothing over 30 days without proper documentation)
•BAI Reports- 1 course per week for all staff members.
•Credit Report (zero uncollected fees)
•Weekly 4DX Reports; Tracking leading levers that have significant results
•LO Commission Schedules- Nothing over $3000 deficit/minimum of 2 closings per month
•Pipeline & Home start Reimbursement not to exceed 3 weeks
GROWTH
•Weekly meet with LO's to discuss relevant topics.
•Hire, discipline, terminate, train, assist with developing marketing strategies with producing Loan Officers with approval from Sr. Management
•Responsible for operational excellence and regulatory compliance as it relates to residential mortgage loans origination, processing, underwriting, closing, funding, delivery and servicing.
•Monitor and manage the timeliness and quality of Mortgage pipeline and loan portfolio.
•Responsible for committing loans in a prudent and profitable manner.
•Works to ensure that annual goals are realized while increasing productivity, profitability and staff accountability.
•Recommend and implement ongoing training for continued professional development of Liberty Bank Mortgage staff.
•Oversees the underwriting of first mortgage loans in accordance with agency guidelines and with lending authority limits as approved by Management.
What you'll bring to the role:
Bachelor's Degree and 10 years in mortgage industry. Experience in processing, origination, underwriting and loan packaging experience.Ability to handle multiple tasks and frequent interruptionsAbility to handle stressful situations with calmness and courtesy and communicating effectively, both orally and in writing.Excellent records and file management skills.Knowledge and experience using Calyx, MS Word, Excel, Outlook, ACT and other relevant software as needed.Compensation, Perks & Benefits:
We know that talented people are attracted to companies with long term success, an amazing culture and one that provides competitive pay, comprehensive benefits and outstanding career advancement opportunities. If hired you can expect;
Strong compensation package plus commission with aggressive upsideMedical/Dental/Vision Coverage,401K,Paid Time OffFun and relaxed work environment
HRmango is proud to be an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, national origin, ancestry, gender, gender identity and/or expression, genetic information, veteran status, disability, citizenship status, marital status, pregnancy or any other characteristic protected by federal, state, or local employment discrimination laws where HRmango does business.
The Residential Mortgage Manager will proactively lead and grow the Mortgage Team in achieving the highest levels of performance through processing, underwriting and closing of first mortgages. Success in this position is demonstrated by building and growing a cohesive team of mortgage personnel, effectively managing a pipeline of mortgage applications, ensuring regulatory compliance, and the timely underwriting and closing of mortgage loans in alignment with the credit union and secondary market's policies and procedures.
Job Breakdown:
RESIDENTIAL MORTGAGE MANAGER DUTIES
•Build production yet maintaining acceptable profitability and quality in compliance in the culture of the bank. Responsibility includes being on the Loan Committee.
PROFIT
•Oversee all components of the mortgage department operations within the foot print of the bank and insure profitability of the department and for the bank.
•Coordinate, collaborate, and communicate with other department heads of the bank; including Accounting, Compliance, HR, Audit and Regulatory Exams.
•Hire & Terminate Department Employees, as needed within the policies of the bank, that are not in harmony with goals and objectives of the bank.
MONTHLY REPORTING:
•P&L of the department
•Processing Department to be self-sustaining & without deficit losses
•Compliance Reports (NOATS- nothing over 30 days without proper documentation)
•BAI Reports- 1 course per week for all staff members.
•Credit Report (zero uncollected fees)
•Weekly 4DX Reports; Tracking leading levers that have significant results
•LO Commission Schedules- Nothing over $3000 deficit/minimum of 2 closings per month
•Pipeline & Home start Reimbursement not to exceed 3 weeks
GROWTH
•Weekly meet with LO's to discuss relevant topics.
•Hire, discipline, terminate, train, assist with developing marketing strategies with producing Loan Officers with approval from Sr. Management
•Responsible for operational excellence and regulatory compliance as it relates to residential mortgage loans origination, processing, underwriting, closing, funding, delivery and servicing.
•Monitor and manage the timeliness and quality of Mortgage pipeline and loan portfolio.
•Responsible for committing loans in a prudent and profitable manner.
•Works to ensure that annual goals are realized while increasing productivity, profitability and staff accountability.
•Recommend and implement ongoing training for continued professional development of Liberty Bank Mortgage staff.
•Oversees the underwriting of first mortgage loans in accordance with agency guidelines and with lending authority limits as approved by Management.
What you'll bring to the role:
Bachelor's Degree and 10 years in mortgage industry. Experience in processing, origination, underwriting and loan packaging experience.Ability to handle multiple tasks and frequent interruptionsAbility to handle stressful situations with calmness and courtesy and communicating effectively, both orally and in writing.Excellent records and file management skills.Knowledge and experience using Calyx, MS Word, Excel, Outlook, ACT and other relevant software as needed.Compensation, Perks & Benefits:
We know that talented people are attracted to companies with long term success, an amazing culture and one that provides competitive pay, comprehensive benefits and outstanding career advancement opportunities. If hired you can expect;
Strong compensation package plus commission with aggressive upsideMedical/Dental/Vision Coverage,401K,Paid Time OffFun and relaxed work environment
HRmango is proud to be an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, national origin, ancestry, gender, gender identity and/or expression, genetic information, veteran status, disability, citizenship status, marital status, pregnancy or any other characteristic protected by federal, state, or local employment discrimination laws where HRmango does business.