Vice President of Mortgage Banking

A Vice President (VP) of Mortgage Banking is responsible for overseeing all aspects of a mortgage lending operation, including strategy, policy, compliance, and team management, to drive business growth and profitability.

. Key responsibilities involve developing loan strategies, managing loan origination and processing teams, ensuring regulatory compliance, analyzing market trends, and fostering relationships with clients and partners.

Key Responsibilities

• Strategic Planning:

Develop and implement strategies to achieve lending goals, grow the loan portfolio, and expand lending programs.

• Operational Oversight:

Oversee the entire mortgage loan process, from origination to closing, ensuring efficiency and adherence to policies.

• Team Leadership:

Lead, mentor, and train mortgage lending teams, including loan officers, processors, and underwriters, to meet performance standards and achieve department goals.

• Compliance & Risk Management:

Ensure strict compliance with all applicable financial regulations, laws, and company policies. Manage credit risk through sound underwriting and portfolio monitoring.

• Market Analysis:

Stay informed about industry trends, competitor activities, and market conditions to make informed decisions on lending products and strategies.

• Relationship Management:

Build and maintain strong relationships with internal departments, external financial partners, and clients.

• Performance Reporting:

Prepare and present regular reports on lending operations, including portfolio quality, loan volume, and profitability, to senior management and potentially the Board of Directors.

Required Skills & Experience

• Leadership:

Strong leadership and communication skills to guide and motivate teams.

• Financial Acumen:

In-depth knowledge of mortgage lending principles, financial analysis, and risk management.

• Regulator Knowledge:

Deep understanding of mortgage regulations, loan documentation, and investor guidelines.

• Analytical Skills:

Excellent analytical and problem-solving abilities to make data-driven decisions.

• Experience:

Extensive experience in mortgage lending, with several years in a leadership or management role.