VP of Real Estate Lending
Apply NowCompany: FAA Credit Union
Location: Oklahoma City, OK 73160
Description:
True Sky Credit Union
Structured Compensation - Job Description
VP of Real Estate Lending
Data Year: 2024
Prepared On: 09/23/2024
Department:
Lending
Grade:
17
Reports To:
President
Classification:
Executive
Supervises Direct:
7
Supervises Indirect:
7
Approved By:
President
Effective Date:
08/16/2010
Revised Date:
01/24/2018
Role:
To direct and coordinate all Real Estate and Mortgage lending activities, insuring compliance with credit union lending policy; assisting in development of lending policy and managing lending activity to meet credit union goals and objectives.
Essential Functions & Responsibilities:
E
30%
Directs and monitors lending operations for the Real Estate/Mortgage department through subordinate managers/supervisors, to ensure the Credit Union meets established goals and objectives with respect to lending. Monitors product delivery and quality and takes action to resolve problems.
E
20%
Responsible for policy updates, policy compliance and regulatory compliance and insures the Credit Union is in compliance with new regulations; develops procedural changes as compliance requires or new programs demand.
E
15%
Develops, proposes, gains acceptance for and implements lending program policy and strategy; leads activity related to new product development with respect to lending programs.
E
10%
Prepares department scheduling, periodic loan department updates, and periodic reports for management's financial and operational reports including; new loan report, loan officer statistical report, potential problem loans report and miscellaneous report.
E
10%
Participates in establishment of annual department budget and monitors performance to budget throughout the year; establishes annual sales goals (in conjunction with marketing) for lending programs and initiates action to achieve established goals.
E
5%
Serves as a member of the Asset/Liability Committee and internal interest committee to develop operating procedures that assure the credit union maintains sufficient levels of capital, liquidity and pricing spreads.
E
5%
Analyzes loan data reports for any corrective action.
N
5%
Performs other job related duties as assigned.
Performance Measurements:
1.
Maintain a cohesive, highly trained, motivated staff sufficient to meet daily department demand and long-term organizational goals.
2.
Ensure the department is providing friendly, professional, timely, personal service to all members and meeting department goals.
3.
Ensure the department meets its Real Estate production goals.
4.
Coordinate all Real Estate/Mortgage lending programs, loan promotions and incentive programs for staff.
5.
Communicate new programs and changes to policies to insure all lending activity is within established policies, regulations and in compliance with NMLS.
6.
Keep management informed regarding key operational issues affecting the department.
7.
Establish and achieve management development objectives for individual managers.
8.
Coach employees and give and receive feedback, completing performance reviews within the prescribed timeframe.
9.
To stay current and comply with all federal and state regulations including Bank Secrecy Act (BSA) and Office of Foreign Controls ("OFAC") and all credit union policies and procedures including but not limited to HMDA, RESPA, Reg Z, Reg, Fact Act, and Safe Act.
Knowledge and Skills:
Experience
Eight to ten years similar or related experience and a minimum of 18 months of Real Estate Lending in the previous three years.
Education
(1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Interpersonal Skills
Work frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the role and a high level of interpersonal skills is critical to the success of this position.
Other Skills
Must have in-depth understanding of and ability to interpret regulations affecting lending programs. Extensive knowledge of consumer, commercial and real estate lending practices and procedures. Should be able to run word processing software, have an intermediate level of understanding with Excel and knowledge of SQL would be helpful.
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch, talk and hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Work Environment
Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is not exposed to weather conditions.
The noise level in the work environment is usually moderate.
Structured Compensation - Job Description
VP of Real Estate Lending
Data Year: 2024
Prepared On: 09/23/2024
Department:
Lending
Grade:
17
Reports To:
President
Classification:
Executive
Supervises Direct:
7
Supervises Indirect:
7
Approved By:
President
Effective Date:
08/16/2010
Revised Date:
01/24/2018
Role:
To direct and coordinate all Real Estate and Mortgage lending activities, insuring compliance with credit union lending policy; assisting in development of lending policy and managing lending activity to meet credit union goals and objectives.
Essential Functions & Responsibilities:
E
30%
Directs and monitors lending operations for the Real Estate/Mortgage department through subordinate managers/supervisors, to ensure the Credit Union meets established goals and objectives with respect to lending. Monitors product delivery and quality and takes action to resolve problems.
E
20%
Responsible for policy updates, policy compliance and regulatory compliance and insures the Credit Union is in compliance with new regulations; develops procedural changes as compliance requires or new programs demand.
E
15%
Develops, proposes, gains acceptance for and implements lending program policy and strategy; leads activity related to new product development with respect to lending programs.
E
10%
Prepares department scheduling, periodic loan department updates, and periodic reports for management's financial and operational reports including; new loan report, loan officer statistical report, potential problem loans report and miscellaneous report.
E
10%
Participates in establishment of annual department budget and monitors performance to budget throughout the year; establishes annual sales goals (in conjunction with marketing) for lending programs and initiates action to achieve established goals.
E
5%
Serves as a member of the Asset/Liability Committee and internal interest committee to develop operating procedures that assure the credit union maintains sufficient levels of capital, liquidity and pricing spreads.
E
5%
Analyzes loan data reports for any corrective action.
N
5%
Performs other job related duties as assigned.
Performance Measurements:
1.
Maintain a cohesive, highly trained, motivated staff sufficient to meet daily department demand and long-term organizational goals.
2.
Ensure the department is providing friendly, professional, timely, personal service to all members and meeting department goals.
3.
Ensure the department meets its Real Estate production goals.
4.
Coordinate all Real Estate/Mortgage lending programs, loan promotions and incentive programs for staff.
5.
Communicate new programs and changes to policies to insure all lending activity is within established policies, regulations and in compliance with NMLS.
6.
Keep management informed regarding key operational issues affecting the department.
7.
Establish and achieve management development objectives for individual managers.
8.
Coach employees and give and receive feedback, completing performance reviews within the prescribed timeframe.
9.
To stay current and comply with all federal and state regulations including Bank Secrecy Act (BSA) and Office of Foreign Controls ("OFAC") and all credit union policies and procedures including but not limited to HMDA, RESPA, Reg Z, Reg, Fact Act, and Safe Act.
Knowledge and Skills:
Experience
Eight to ten years similar or related experience and a minimum of 18 months of Real Estate Lending in the previous three years.
Education
(1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Interpersonal Skills
Work frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the role and a high level of interpersonal skills is critical to the success of this position.
Other Skills
Must have in-depth understanding of and ability to interpret regulations affecting lending programs. Extensive knowledge of consumer, commercial and real estate lending practices and procedures. Should be able to run word processing software, have an intermediate level of understanding with Excel and knowledge of SQL would be helpful.
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch, talk and hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Work Environment
Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is not exposed to weather conditions.
The noise level in the work environment is usually moderate.