Head of Residential Lending

Head of Residential Lending

The Head of Residential Lendingposition is responsible for the management of the origination process through the post-closing process.

Key Responsibilities

Business Development and Sales

- Responsible for new business development and identifying strategic opportunities to grow mortgage lending. Ensure achievement of annual mortgage production goals set by the bank for the year.

- Oversight of the overall planning and development to ensure the banks annual consumer loan goals are met

- Responsible for meeting the goals set for portfolio and loan sale mix

- Develop overall strategies to achieve annual department goals other than production goals

Audit

- Meet annual requirements for FTHB seminars and mortgage days in all Savings Bank of Danbury markets

- Audit and reviews results are less than two report findings per audit

- Audit and reviews are prepared and responses to audits occur within established timelines

Policy and Procedure Management

- Ensure through lending process that loans are underwritten and approved following Savings Bank of Danbury policies and procedures

- Maintain up to date knowledge of changing legislation so that Savings Bank of Danbury complies with all state and federal compliance regulations

- Adheres to company policies and procedures on loans sold to investors ensuring they meet the investors guidelines

- Is aware of and complies with CRA guidelines and policies, ethics policy, and non-discrimination policy.

Educational and experience requirements include:

Excellent written and oral communication skills to interact with customers and our internal team

Proven high level management skills

Minimum of 5 years of experience in mortgage management or a similar role

- Strong knowledge of mortgage lending practices, regulations, and industry standards

- Familiarity with financial services software and systems

- Excellent analytical skills with the ability to assess risk and make informed decisions

- Strong understanding of GAAP principles and regulatory reporting requirements

- Knowledge of SOX (Sarbanes-Oxley Act) compliance is preferred

Physical Demands and Work Environment

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.