Mortgage Department Manager at Iowa State Bank

Orange City, Iowa, United States -

Full Time

Start Date

Immediate

Expiry Date

30 Dec, 25

Salary

0.0

Posted On

01 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Leadership, Industry Knowledge, Analytical Skills, Loan Servicing, Compliance, Training, Team Management, Customer Service, Networking, Risk Assessment, Mortgage Processing, Data Integrity, Operational Excellence, Relationship Management, Performance Management, Marketing Collaboration

Industry

Banking

Description

Description Strategic and detail-oriented manager to develop, implement, and lead our entire loan servicing operation. Manage all aspects of our loan servicing from data integrity to compliance, acting as the subject expert who guides and advises our underwriters, processors, servicers, and real estate loan officers. Requirements Work closely with mortgage lenders to ensure loan quality standards - including quality of borrowers, complete loan applications, pipeline management, ethical behavior, and relationships with Bank and Loan Support associates. Responsible for the leadership and management of mortgage processing staff to achieve production deadlines, efficiencies, and operational excellence throughout the transaction process. Partner with location managers and Regional Presidents to support branch goals with trained mortgage lenders that provide excellent customer service for their market. Train new mortgage staff; foster a team-oriented work environment that inspires staff to maximize their potential; and maintain performance of mortgage team with continual guidance and support of additional information or training. Actively participate in local and state networking events to cultivate productive relationships for the bank (i.e. banking, realtor, and builder trade associations) Maintain a thorough understanding of the mortgage industry with knowledge of current issues, trends, rate environment and fees. Ensure compliance with all applicable Federal, State, and regulatory laws and policies, and internal operating policies, procedures, and audit standards. Participate in setting bank wide mortgage goals within the strategic goals of the bank, and communicating mortgage performance results by providing loan reports, to Regional Presidents, Branch Managers, and mortgage department staff Collaborate with Regional Presidents to evaluate staffing and recruitment to help target expanded regional territories with additional Real Estate lenders for growth opportunities. Maintain and establish relationships and required paperwork with applicable vendors. Routinely review applicable real estate and mortgage policies and procedures Maintain relationships with and have excellent working knowledge of all secondary market products; effectively communicate and train mortgage lenders on changes. Collaborate with marketing to create department marketing and production plans Approve mortgage loan requests within the bank’s risk tolerance Provide input to senior management to improve residential mortgage services for the benefit of the customer and financial institution. Be flexible and knowledgeable enough in all stages of the mortgage process to maintain an efficient and continual flow of mortgage operations. Desired Skills and experience Leadership- strong ability to lead, mentor, and motivate team to achieve production targets Industry knowledge- In-depth knowledge of mortgage loan products Analytical skills- risk assessment and decision making capabilities Education- Bachelor's degree in Finance, Business, or related field. Experience of 5+ years in banking or related occupation Benefits Medical Insurance Dental Insurance Vision Insurance 401(K) with match Paid time off (PTO) Volunteer time off (VTO) Parental Leave Paid STD Paid LTD Paid Life Insurance

Responsibilities

Develop, implement, and lead the loan servicing operation while managing all aspects from data integrity to compliance. Collaborate with various stakeholders to ensure operational excellence and achieve branch goals.