Manager, Real Estate
Picatinny Federal Credit Union Picatinny Federal Credit Union Dover, NJ Dover, NJ Full-time Full-time $85,000 - $115,000 a year $85,000 - $115,000 a year ROLE:
Responsible for the origination, processing, closing and servicing of all Real Estate first and second mortgages (fixed home equity and HELOC).
This position is responsible for administering Real Estate programs, providing guidance and training for all unit personnel and supports the Real Estate lending operations of the Credit Union.
This position is also responsible to provide analysis on various aspects of the department and make recommendations to senior management.
Analyze real estate loan requests, underwriting and decisioning first mortgages based upon established policies.
Monitors and evaluates performance of the mortgage servicing, mortgage loan officers, real estate processing and underwriting staff.
MAJOR DUTIES AND
Responsibilities:
Oversee the activities and the performance of the Mortgage Real Estate Department, provide feedback and support.
Build out sales force and prepare commission incentives.
Conduct seminars/webinars and provide ideas to grow business.
Seek new sales opportunities.
Coordinates with marketing to determine needs to increase production.
Collaborate with Branch Managers to receive referrals.
Interviews, trains, evaluates, disciplines, coaches and motivates staff.
Ensures staff are trained on FHLB, secondary market, mortgage insurance and internal guidelines, policies and procedures.
Proficient in LOS administration and maintenance.
Reviews, analyzes and prepares reports for department using various programs and software.
This would include but not limited to pipeline report management, credit score migration, loan-to-value migration, credit risks and various reports to management and Risk/Compliance Committee.
Responsible for keeping informed and updated on all current policies, procedures, federal laws and regulations and maintains a strong knowledge of all lending operations and servicing.
Ensures pre-closing and post closing on various loan files such as first mortgage and pre-closing on home equity products to ensure accuracy and compliance.
Effectively leverage resources to monitor queue performance, identify patterns and trends causing issues and work towards business solutions.
Establish and measure internal goals and KPI's.
Ensure goals and Service Level Agreements are met in regards to production and turn times.
Ensure service delivery and provide optimal member service.
Measures productivity by analyzing performance data, financial data and activity reports.
Interface with attorneys, title companies, closing agents and other departments to ensure timely processing and closing of all loans, managing all first mortgage and home equity operations while ensuring the staff is providing exceptional service to members while maintaining quality control of all first mortgage related products and services.
Draft departmental policies and procedures in accordance with any and all applicable State and Federal regulations including but not limited to applicable secondary market guidelines.
Ensures accurate processing, underwriting and closing of loans for purchase by secondary market.
Maintains portfolio guidelines.
Complies with all audit inquiries such as NCUA and secondary market audits.
Responsible for the overseeing of servicing functions of first mortgage loans including escrow payments, escrow analysis, payoffs, investor reporting, end of day processes and year end processes.
Responsible for ensuring transfer of service is processed when a loan is sold in the secondary market and investor reporting.
Submit yearly 1098 mortgage interest statement filings and yearly HMDA filing as well as quarterly requirement of HMDA.
Reviews and underwrites all first mortgage loan modifications in coordination with the collection department.
Oversee Mortgage Lien Releases.
Ensure all loan files, credit packages and disclosure packages comply with company lending policies as well as state and federal lending guidelines.
Participates in project management and implementation of various third-party services.
Conducts third-party vendor due diligence and ensures deadlines are met.
Vendor management of LOS, document prep, and Real Estate vendors.
Works on projects as needed.
Assist with budget preparation.
Acts as main point of escalation of issues within the function.
Assists with member complaints, resolution and taking/recommending corrective actions as necessary.
Ensures VIP, senior management and employee loans are underwritten to guidelines.
Job Type:
Full-time Pay:
$85,000.
00 - $115,000.
00 per year
Benefits:
401(k) Dental insurance Employee assistance program Health insurance Paid time off Vision insurance Experience level:
5 years Schedule:
Monday to Friday Ability to commute/relocate:
Dover, NJ:
Reliably commute or planning to relocate before starting work (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
Responsible for the origination, processing, closing and servicing of all Real Estate first and second mortgages (fixed home equity and HELOC).
This position is responsible for administering Real Estate programs, providing guidance and training for all unit personnel and supports the Real Estate lending operations of the Credit Union.
This position is also responsible to provide analysis on various aspects of the department and make recommendations to senior management.
Analyze real estate loan requests, underwriting and decisioning first mortgages based upon established policies.
Monitors and evaluates performance of the mortgage servicing, mortgage loan officers, real estate processing and underwriting staff.
MAJOR DUTIES AND
Responsibilities:
Oversee the activities and the performance of the Mortgage Real Estate Department, provide feedback and support.
Build out sales force and prepare commission incentives.
Conduct seminars/webinars and provide ideas to grow business.
Seek new sales opportunities.
Coordinates with marketing to determine needs to increase production.
Collaborate with Branch Managers to receive referrals.
Interviews, trains, evaluates, disciplines, coaches and motivates staff.
Ensures staff are trained on FHLB, secondary market, mortgage insurance and internal guidelines, policies and procedures.
Proficient in LOS administration and maintenance.
Reviews, analyzes and prepares reports for department using various programs and software.
This would include but not limited to pipeline report management, credit score migration, loan-to-value migration, credit risks and various reports to management and Risk/Compliance Committee.
Responsible for keeping informed and updated on all current policies, procedures, federal laws and regulations and maintains a strong knowledge of all lending operations and servicing.
Ensures pre-closing and post closing on various loan files such as first mortgage and pre-closing on home equity products to ensure accuracy and compliance.
Effectively leverage resources to monitor queue performance, identify patterns and trends causing issues and work towards business solutions.
Establish and measure internal goals and KPI's.
Ensure goals and Service Level Agreements are met in regards to production and turn times.
Ensure service delivery and provide optimal member service.
Measures productivity by analyzing performance data, financial data and activity reports.
Interface with attorneys, title companies, closing agents and other departments to ensure timely processing and closing of all loans, managing all first mortgage and home equity operations while ensuring the staff is providing exceptional service to members while maintaining quality control of all first mortgage related products and services.
Draft departmental policies and procedures in accordance with any and all applicable State and Federal regulations including but not limited to applicable secondary market guidelines.
Ensures accurate processing, underwriting and closing of loans for purchase by secondary market.
Maintains portfolio guidelines.
Complies with all audit inquiries such as NCUA and secondary market audits.
Responsible for the overseeing of servicing functions of first mortgage loans including escrow payments, escrow analysis, payoffs, investor reporting, end of day processes and year end processes.
Responsible for ensuring transfer of service is processed when a loan is sold in the secondary market and investor reporting.
Submit yearly 1098 mortgage interest statement filings and yearly HMDA filing as well as quarterly requirement of HMDA.
Reviews and underwrites all first mortgage loan modifications in coordination with the collection department.
Oversee Mortgage Lien Releases.
Ensure all loan files, credit packages and disclosure packages comply with company lending policies as well as state and federal lending guidelines.
Participates in project management and implementation of various third-party services.
Conducts third-party vendor due diligence and ensures deadlines are met.
Vendor management of LOS, document prep, and Real Estate vendors.
Works on projects as needed.
Assist with budget preparation.
Acts as main point of escalation of issues within the function.
Assists with member complaints, resolution and taking/recommending corrective actions as necessary.
Ensures VIP, senior management and employee loans are underwritten to guidelines.
Job Type:
Full-time Pay:
$85,000.
00 - $115,000.
00 per year
Benefits:
401(k) Dental insurance Employee assistance program Health insurance Paid time off Vision insurance Experience level:
5 years Schedule:
Monday to Friday Ability to commute/relocate:
Dover, NJ:
Reliably commute or planning to relocate before starting work (Required) Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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