Job description:
This position will work closely with Executive management in establishing credit policy for all product lines, and then construct effective monitoring and reporting capabilities for credit risk within the company. You must use your strong knowledge of credit risk assessment techniques and your outstanding people skills to drive quality throughout the loan manufacturing process.
Responsibilities:
• Ensure underwriting guidelines are current, and respond to changes driven by investors, the regulatory environment, new products and sales/borrower feedback.
• Chair the Credit Policy update meetings with executive staff
• Establish written Quality Control guidelines and Procedures for specific business channels
• Build out the pre and post Quality Control department and staffing
• Finalize QC reporting to Executive Staff and Ops for training and process improvement initiatives
• Reduce loan manufacturing errors to agreed upon tolerance levels
• Incorporate Compliance monitoring and testing into QC audit process over time
• Lead Investor due diligence and audits; provide management with clear results and follow up
Qualifications:
• Bachelor's degree
• 10-12 years of credit risk management experience in mortgage lending including managing underwriting, credit policy development, quality control and due diligence management
• Ability to write clear credit policy for multiple business channels and manage implementation
• Ability to build constructive relationships with other departments and provide them critical feedback on their performance
• Proven ability to build a strong quality control and reporting function
• Strong management skills; good judgment and decision making
• Strong knowledge of Federal and State lending regulations
• Ability to handle fast paced environments with minimum supervision and meet project deadlines
• Excellent communication and presentation skills
This position will work closely with Executive management in establishing credit policy for all product lines, and then construct effective monitoring and reporting capabilities for credit risk within the company. You must use your strong knowledge of credit risk assessment techniques and your outstanding people skills to drive quality throughout the loan manufacturing process.
Responsibilities:
• Ensure underwriting guidelines are current, and respond to changes driven by investors, the regulatory environment, new products and sales/borrower feedback.
• Chair the Credit Policy update meetings with executive staff
• Establish written Quality Control guidelines and Procedures for specific business channels
• Build out the pre and post Quality Control department and staffing
• Finalize QC reporting to Executive Staff and Ops for training and process improvement initiatives
• Reduce loan manufacturing errors to agreed upon tolerance levels
• Incorporate Compliance monitoring and testing into QC audit process over time
• Lead Investor due diligence and audits; provide management with clear results and follow up
Qualifications:
• Bachelor's degree
• 10-12 years of credit risk management experience in mortgage lending including managing underwriting, credit policy development, quality control and due diligence management
• Ability to write clear credit policy for multiple business channels and manage implementation
• Ability to build constructive relationships with other departments and provide them critical feedback on their performance
• Proven ability to build a strong quality control and reporting function
• Strong management skills; good judgment and decision making
• Strong knowledge of Federal and State lending regulations
• Ability to handle fast paced environments with minimum supervision and meet project deadlines
• Excellent communication and presentation skills