Mortgage Loan Services Manager

Mortgage Loan Services Manager

Job Location s: US-IN-Evansville | US-MN-Lake Elmo | US-IL-Chicago | US-WI-Madison | US-MI-Grand Rapids

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. We thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success.

In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite.

The Mortgage Loan Services Manager leads teams that handle mortgage loan disclosures, redisclosures, and opening services, ensuring compliance with regulatory requirements, secondary market requirements, and internal guidelines. This role also manages appraisal processes and works closely with internal Risk and Compliance to maintain accuracy and mitigate risks. They are responsible for developing skilled and effective team members through ongoing coaching and training.

Salary Range

The annual salary range for this position is $60,000-$121,300 plus incentive bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

• Oversee Mortgage Disclosure Compliance: monitor all Disclosure/Redisclosure pipelines to ensure ongoing compliance with applicable regulations including TRID, Reg B, RESPA, and HMDA. Review potential change of circumstances scenarios to determine if the requirements have been met to redisclose, in order to minimize losses through unnecessary tolerance cures.
• Review disclosures sent by team for accuracy and compliance with federal and state regulations. Offer ongoing mentoring, coaching, and training.
• Partner with department leaders to identify and implement solutions to any disclosure related concerns.
• Manage Loan Opening Services and File Quality Review: oversee the Mortgage File Quality Review process that ensures quality files are submitted for processing/underwriting to meet internal Service Level Agreements. Ensure process remains agile to adapt quickly to changing conditions and turn times.
• Partner with Mortgage Sales Leaders to identify and report areas for improvement with respect to overall mortgage cycle time and client experience.
• Work with team members to offer ongoing support and training on current and future processes.
• Monitor Flood determination processes to ensure compliance with all applicable Regulations.
• Appraisal Pipeline Oversight: ensure that Appraisal Pipeline processes and procedures are accurate and evaluated regularly for consistency and accuracy.
• Partner with department leader to proactively identify concerns, gaps or customer service issues and quickly implement appropriate solutions.
• Mortgage
  
  Risk Management:
  
  ensure the accuracy of all HMDA related information pertaining to information collected from the initial application and disclosures. Develop and assist with review processes and maintain HMDA Standards and procedures.
• Proactively identify areas of risk with the Mortgage Business Unit. Perform root cause analysis and develop/implement training/systems to avoid risk to the Bank.
• Perform testing and implementation of all regulatory and system changes that impact mortgage disclosure content and processes.
• Assist Mortgage Risk Director with internal and external Compliance testing, responses, and action plans.

• Develops Talent
  • Continuously evaluates talent within business area and is quick to take action to remove barriers and close talent gaps through effective feedback and coaching, cultivating an environment of trust and development. Provides ongoing education and training based on regulatory or system changes and any compliance/audit findings to all team members.
• Promotes Change
  • Proactively identifies areas that need improvement and initiates innovative solutions across all areas. Ensures regulatory and system changes are thoroughly tested, implemented, and trained. Allocates resources and direction to make change happen while mitigating risk.
• Makes Decisions & Solves Problems
  • Identifies and evaluates problems and recommends workable solutions in collaboration with other mortgage groups. Performs root cause analysis of issues to find permanent solutions. Develops solutions and makes sound business decisions based on a blend of analysis,…