VP, Mortgage Director

VP, Mortgage Director

First State Bank and Trust Bayport, Minnesota, United States

Description:

First State Bank and Trust is looking for motivated individuals to help our clients and community achieve more. It's a formula that has worked for over 100 years, serving the St. Croix Valley community. As guides, we work alongside our clients every step of the way, helping them achieve more because we believe achievement is more than a transaction; it's a journey.

And this is the same philosophy that extends to our team. By building a culture of care and commitment, we do more to help our employees achieve more. Focusing on development and career growth, we look to guide our employees on their career journey by providing resources to build and strengthen skills, as well as actively give back and support our community through volunteer outreach and engagement.

We look forward to welcoming you to our team, so we achieve more, together.

Join the First State Bank and Trust team!

To provide strategic leadership and direction for the Bank’s mortgage department, with responsibility for production, profitability, operational performance, portfolio quality, development of strategic plans, and contributions to the overall organization's strategic plan.

Responsibilities include, but are not limited to:

• Provide leadership and direction for the mortgage team, aligning performance with strategic goals and production targets.
• Establish clear expectations, accountability, and performance management practices across all roles within the department.
• Foster a collaborative, solution-oriented team culture aligned with the bank’s mission and values.
• Oversee staffing levels, resource allocation, and workflow distribution to support efficiency and growth.
• Responsible for the management of the department’s compliance program ensuring strong adherence to mortgage and general regulatory requirements including annual HMDA reporting.

• Drive mortgage production through strategic growth initiatives, referral development, and market expansion.
• Lead the development and direction of marketing strategies and campaigns to support mortgage production and brand visibility.
• Oversee portfolio (in-house and secondary market loans) performance to ensure strong credit quality, profitability, and risk management. Responsible for managing loan workout processes to minimize bank losses. Prepare necessary reports to inform senior management and the Board of credit quality issues.
• Develop and maintain competitive mortgage products.
• Develop loan pipeline monitoring activities, including preparing applicable reports and communicating with senior leadership/Board. Track closed loan activity as compared to annual goals.
• Supervise mortgage operations activities ensuring timely and accurate handling of all mortgage activities including file maintenance, payment processing, past due reporting, escrow activities, secondary market servicing activities, payoffs, etc.

• Responsible for the preparation of key management and Board reports. Present to the Board when requested.
• Responsible for the management of secondary market investor relationships, including third-party supporting vendors (mortgage insurance, underwriting, etc.) Oversee loan delivery commitment pools.
• Working with the CFO, develop and implement a loan pricing model, including fees, that ensures compliance with regulations and remains competitive in the market. Stay abreast of interest rate changes and recommend changes to the loan pricing model as needed.
• Working with the CFO, develop and monitor the annual department budget as well as performance…