Mortgage Operations Manager

Mortgage Operations Manager

College Station - BCS Momentum Plaza

The Mortgage Operations Manager is responsible for supervising the loan disclosure, loan processing, loan underwriting, loan closing, post-closing, and quality control functions. Responsibilities include development of processes and procedures, personnel training, pipeline management of loans from application through funding and loan sale, and management of the pre-funding and post-closing quality control program.

Job

Duties & Responsibilities:

• Loan Disclosures:
  Responsible for ensuring all applications are disclosed within regulatory guidelines and time frames, including re-disclosures based upon changed circumstances.
• Loan Processing:
  Responsible for managing the processing activities on all mortgage loan files, to prepare files for underwriting. Maintain turn times to meet client and bank standards for loan closing.
• Underwriting:
  Responsible for managing the underwriting process to ensure all loans are underwritten in a timely manner and in accordance with Bank and Agency/Investor underwriting standards. Responsible for ensure the salability of all loans held for sale.
• Loan Closing:
  Responsible for managing the loan closing duties, ensuring all loans are closed according to regulatory and legal guidelines.
• Shipping/Post Closing – Supervise shipping closed loan files to American Momentum Loan Department and/or Correspondent Investors. Ensure loans are acceptable for purchase and responsible for prompt clearing of any Investor suspense items.
• Pipeline Management – Monitor the daily pipeline to ensure loans are originated properly, disclosed timely, underwritten and closed on schedule, and delivered to Correspondent Investors within rate lock deadlines.
• Procedures/Guidelines – Update mortgage lending procedures and processes as needed, and ensure operations staff is trained and compliant with bank procedures, as well as Agency/Investor Guidelines.

Key

Qualifications:

• Mortgage Loan Underwriting experience - 5+ years.
• Mortgage Loan Processing, Closing, or Origination experience preferred – 2+ years.
• Extensive knowledge of Fannie Mae Guidelines and AUS.
• Strong background in regulatory compliance and real estate documentation.
• Bachelor's Degree in Business, Business Administration, Finance, or related field preferred.
• Excellent verbal and written communication skills, analytical and problem solving skills.