Senior Vice President Credit Risk Management
Responsible for managing underwriting staff and guidelines to ensure Prospect is producing/closing quality loans that are salable to the secondary market. In addition, responsibilities include:
· Ensure turn time commitments are met.
· Exceptions are followed up on.
· 2
nd Signs.
· Relationship building with Sales and Operations.
· Resolve issues on non-saleable loans so loans can be purchased by alternate investors. Resolve Loan Exception issues on loan originations to quickly find product and pricing that will meet deadlines.
· Maintain guidelines in conjunction with PMC proprietary guidelines. Organize number, publish, and circulate guidelines on an ongoing basis noting variances from Agency/Investor guidelines.
· Work closely with other managers, including those in Compliance, Operations, Closing, Post Closing and Quality, and Accounting departments to understand and meet needs/requirements of each department with regard to underwriting policy.
- Ensure timely and consistent training of staff.
Review escalation requests, evaluate risk and make recommendations to Secondary Marketing
· Develop tools and departmental systems to minimize errors and increase ability to close loans faster.
- Addition Work planning, prioritization and assignment; establish and monitor accountability for subordinates’ job responsibilities.
- Align staff to achieve departmental and company goals and objectives.
All projects as assigned by Sr. Management
- Training and team-building; staff development for professional and corporate growth; coaching, mentoring and counseling.
- Timely performance management (reviewing and approving work; rewards and disciplinary action; conflict resolution).
- Interviewing and hiring decisions; promotions and demotions
Termination of employees within Company Policies and Practices (reviewed by HR).
- Develop and implement strategies to achieve and protect the long-term growth of the Company.
- Develop and manage budgets and forecasts.
- Track, monitor and prepare report on departmental goals and objectives.
- Meet departmental goals and objectives
- Ensure compliance with Company Policies.
- Demonstrate and encourage integrity and alignment with Company Vision, Mission and Values.
Perform any other tasks as assigned.
· Patience
· Technical writing skills
· PC Skills (MS Office- Excel; spreadsheets; Word; Access; Power Point
· Strong analytical and mathematical skills and applications
· Strong communication skills (verbal, written, listening)
· Presentation skills
· Supervisory and management experience; team-building experience and skills; leadership skills; accessible and approachable
· Attention to detail; multi-tasking skills; excellent time-management skills
· Ability to work independently with minimal supervision
· Flexibility and adaptability in a fluid and rapidly changing environment
· Willingness to do more than basic job requirements as needed
Direct Endorsement (DE)
BA/BS in Finance or Economics helpful
MBA helpful
4-5 years senior underwriting
10 years’ experience in mortgage banking
10 years’ experience, 6 months on-the-job
Senior Vice President Credit Risk Management
Responsible for managing underwriting staff and guidelines to ensure Prospect is producing/closing quality loans that are salable to the secondary market. In addition, responsibilities include:
· Ensure turn time commitments are met.
· Exceptions are followed up on.
· 2
nd Signs.
· Relationship building with Sales and Operations.
· Resolve issues on non-saleable loans so loans can be purchased by alternate investors. Resolve Loan Exception issues on loan originations to quickly find product and pricing that will meet deadlines.
· Maintain guidelines in conjunction with PMC proprietary guidelines. Organize number, publish, and circulate guidelines on an ongoing basis noting variances from Agency/Investor guidelines.
· Work closely with other managers, including those in Compliance, Operations, Closing, Post Closing and Quality, and Accounting departments to understand and meet needs/requirements of each department with regard to underwriting policy.
- Ensure timely and consistent training of staff.
Review escalation requests, evaluate risk and make recommendations to Secondary Marketing
· Develop tools and departmental systems to minimize errors and increase ability to close loans faster.
- Addition Work planning, prioritization and assignment; establish and monitor accountability for subordinates’ job responsibilities.
- Align staff to achieve departmental and company goals and objectives.
All projects as assigned by Sr. Management
- Training and team-building; staff development for professional and corporate growth; coaching, mentoring and counseling.
- Timely performance management (reviewing and approving work; rewards and disciplinary action; conflict resolution).
- Interviewing and hiring decisions; promotions and demotions
Termination of employees within Company Policies and Practices (reviewed by HR).
- Develop and implement strategies to achieve and protect the long-term growth of the Company.
- Develop and manage budgets and forecasts.
- Track, monitor and prepare report on departmental goals and objectives.
- Meet departmental goals and objectives
- Ensure compliance with Company Policies.
- Demonstrate and encourage integrity and alignment with Company Vision, Mission and Values.
Perform any other tasks as assigned.
· Patience
· Technical writing skills
· PC Skills (MS Office- Excel; spreadsheets; Word; Access; Power Point
· Strong analytical and mathematical skills and applications
· Strong communication skills (verbal, written, listening)
· Presentation skills
· Supervisory and management experience; team-building experience and skills; leadership skills; accessible and approachable
· Attention to detail; multi-tasking skills; excellent time-management skills
· Ability to work independently with minimal supervision
· Flexibility and adaptability in a fluid and rapidly changing environment
· Willingness to do more than basic job requirements as needed
Direct Endorsement (DE)
BA/BS in Finance or Economics helpful
MBA helpful
4-5 years senior underwriting
10 years’ experience in mortgage banking
10 years’ experience, 6 months on-the-job
