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VP- Home Loans

Company: Together Credit Union
Location: Saint Louis
Posted on: January 16, 2022

Job Description:

VP - Home Loans
At Together Credit Union, we're in the business of building relationships that last a lifetime. We accomplish this by providing comprehensive banking products and financial services at higher savings rates, lower loan rates, and reduced fees than our competitors. With 27 branches nationwide and 24/7 member resources and amenities, we are empowering more than 136,000 members achieve their financial goals daily. As a member-owned, not-for-profit financial institution, we also provide educational resources, expert advice, and professional guidance focused on your financial wellbeing. We believe living your best life requires smart decision making, and it is our mission to be there, supporting you, during your most important moments and milestones.We are community-focused, and actively support small businesses. We take the time to understand each business members unique situation, providing solutions to grow and thrive, creating local jobs and a healthy economy. Additionally, we give back to our members and communities through volunteerism, service, charitable acts, scholarships, grants, and donations. Achieve what matters most, and trust Together Credit Union to be there for you every day. Learn more at Us: Formerly known as Anheuser-Busch Employees Credit Union, American Eagle Credit Union, and Purina Credit Union, Together Credit Union is chartered by the state of Missouri, and federally insured by the National Credit Union Administration (NCUA). With more than $2 billion in total assets, Together Credit Union is not a subsidiary of Anheuser-Busch Companies, Inc., or any of its affiliates.What is a credit union: Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates. (from By actively serving by our four core values, Service with Excellence, Value Diversity, Act with Integrity, and Take Ownership, Together Credit Union has earned recognition as a two-time Best-In-State Credit Union by Forbes Magazine and was chosen as a 2019 and 2020 Corporate Philanthropy honoree by both the Credit Union National Association and the St. Louis Business Journal. Job SummaryResponsible for the profitable and efficient operation of the Real Estate and Home Equity loan portfolio of the Credit Union. Responsible for increasing earnings potential through increased loan volume and fee income. Oversee all areas of loan production, underwriting, loan servicing, secondary market and loss mitigation. Ensure the overall loan quality is compliant with all Federal and State regulatory agencies, TOGETHER CREDIT UNION policies and secondary market guidelines. Primary Responsibilities - Manages, plans, organizes and directs the daily activities of the origination, processing, underwriting, closing, funding, post closing, loan delivery, interest rate risk, quality control and servicing of nationwide first mortgage, home equity loans.- Develops and monitors sales team of loan originators; plans, markets and executes community events and realtor activities. - - Makes recommendations regarding loan policy and underwriting guidelines. - Provides ongoing training for Loan Officers relative to sales techniques, product and technical/regulatory/investor requirements. - Develops marketing strategies and campaigns for the various mortgage loan products and services. - Coordinates with Marketing Department ideas to promote TOGETHER CREDIT UNION 1st mortgage and home equity products and services. Conducts Home Buying Seminars in cooperation with area Realtors to generate awareness of TOGETHER CREDIT UNIONs loan products and services to its membership. - Assigns, directs, coordinates, and reviews work of staff. - Recommends departmental goals, personnel performance expectations, and appropriate staffing levels. Creates a culture of success within the department. Reviews and prepares employee performance evaluations on a timely basis Recommends salary adjustments, promotions, disciplinary actions, discharges, and other personnel related needs, actions, or activities - Cultivates branch awareness of mortgage products and services through frequent interaction with staff. Ensures written procedures and guidelines for first mortgage, home equity and loss mitigation services and policy are complete. - Prepares annual budget for department. Designs overall staffing plan; makes recommendations for increasing/decreasing staff, recruit, hire and terminate department staff. Prepares and conducts all performance reviews for department staff and documents employee files according to TOGETHER CREDIT UNION policies. - Provides clear direction and supervision to the origination and servicing staff regarding job assignments and performance to achieve departmental goals communicating TOGETHER CREDIT UNIONs goals and policy changes on a regular basis. - Provides training to branch personnel on 1st mortgages, home equity loans and loss mitigation. Reviews each branchs 1st mortgage and home equity loans to monitor daily pipelines. - Available to handle branch inquiries and/or problems as they arise on 1st mortgage and home equity loans. Monitors, review audits, and assist branches to ensure compliance with regulatory, investor, and TOGETHER CREDIT UNION policies and procedures on 1st and home equity loans and advise branches of procedures necessary to cure deficiencies. - Ensures that all origination and servicing functions have been completed in an accurate and timely manner and performed in accordance with all Federal and State laws, regulations, investor requirements and TOGETHER CREDIT UNION policies, procedures and guidelines resulting in the high quality of loan production and servicing and taking corrective action to turn around substandard performance. - Researches, develops, and prepares proposals for new product implementation to provide the most competitive products, rates and prices available. Implements, develops and trains staff and branches on automated systems to improve efficiency levels and reduce costs. - Researches, reviews, develops, trains and implements new documentation for new products and services.Establishes and maintains on-going vendor relationships with appraisers, title companies, insurance companies, attorneys, and secondary market investors. - Promotes a positive relationship between the members (internal and external) and the Credit Union and understands that service delivery to members is the number one priority of the Credit Union. - Completes all other tasks, assignments or functions as assigned and/or required. - Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. - Maintains current working knowledge of all jobs and functions of 1st mortgage and home equity lending. Provides staff and branches with continuous on the job training of new government requirements, real estate laws and policy changes governing mortgages and home equity loans.
Qualifications - 10 years of similar or related experience, including preparatory experience.- Bachelors degree- The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.- Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.- Knowledge of all mortgage loan programs, documentation requirements and rate commitments and lending policies.- Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team.- Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics.- Must be able to speak clearly and deliver information in a logical and understandable sequence.- Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public- Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace.- Must be able to effectively handle multiple, simultaneous, and changing priorities.- Must be capable of exercising highest level of discretion on both internal and external confidential matters.
Working Conditions- Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.- Must be capable of climbing / descending stairs in an emergency situation.- Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.- Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary.

  • - Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely Jobble

Keywords: Together Credit Union, St. Louis , VP- Home Loans, Executive , Saint Louis, Missouri

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