Assistant Vice President - Real Estate Loan Operations

Closing Date: October 26, 2010

Company:	Amplify Federal Credit Union Austin, TX
Job Location:	Austin, TX (Travis County)
Employment Type:	Full Time
Department:	Mortgage
Salary Range:	$68,600 - $80,000 to start, DOE
Benefits:	http://goamplify.iapplicants.com/Benefits.html

Description:

The Assistant Vice President - Real Estate Loan Operations supervises the Real Estate Loan Servicing Department and assures high levels of service and performance by managing team members within the department. This role works directly with the Sr. Vice President of Lending on the organizational, strategic, and policy initiatives of the department. This position is also responsible for configuring, testing, and maintaining a real estate loan servicing system.

Duties:

Responsibilities include the following. Other duties may be assigned.

Supervise all Real Estate Loan Operations staff and functions, including mortgage loans, lot loans, and Texas home equity loans.
Ensure compliance with credit union, investor, mortgage insurance, management, and regulatory guidelines through direct efforts and through the review of others' work.
Provide exceptional leadership to all staff, and create a motivated goal-oriented working environment.
Configure, test and maintain a real estate loan servicing system.
May obtain and review credit reports, inspections, surveys, title work, etc.
Handle more complex transactions in areas of mortgage payments/payoffs, research, transaction services and reconciliations, and the filing and release of Deeds.
Assist with the processing of more complex loan approvals and documentation, modifications, extensions, unique loan request, document issues, and other special projects as needed.
Ensure quality control and problem resolution for loan services and loan documentation.
Oversee accurate and timely disbursements for all tax and insurance escrows on a periodic basis.
Oversee and review the appropriate documents relating to loan modifications, paid loans, partial releases, extension, conversions, and assumptions as authorized by Management.
Act as the loan department liaison between data service providers. Answer other departments' system related questions.
Oversee and administer workflows to ensure timely completion of assignments and staffing levels to meet the internal and external loan documentation and loan services needs.
Perform and present a comprehensive group of reports and analysis of performance related data for the department.

Supervisory Responsibilities

This job involves supervision of one or more employees in the Real Estate Loan Operations department. Types of positions supervised include loan processors, escrow specialists, closers, and may include mortgage loan underwriters.

This position is responsible for the overall direction, staffing levels, evaluations, staff knowledge, staff training and development and attitude of the department.

Responsibilities include interviewing, hiring, and training employees; maintaining attendance records in automated timekeeping system; leading monthly departmental meetings; scheduling, planning, assigning, and directing work; appraising performance; completing annual salary reviews; updating job descriptions as needed; creating and administering performance plans; tracking individual incentives; rewarding, motivating and disciplining employees; addressing complaints and resolving member and departmental issues.

Qualifications:

Education and/or Experience

BA or BS undergraduate degree from an accredited college or university or comparable education and related training, AND 3+ years of direct mortgage loan servicing and Texas Home Equity loan experience.

Also required: management experience in loan servicing; prior experience working with Executive Management to create and implement a plan to centralize and standardize operations from various real estate loan products; in-depth knowledge of licensing requirements for an FNMA-approved Seller/Servicer of Mortgage Loans.

Software & Equipment Requirements

To perform this job successfully, an individual should have knowledge and be efficient with the use of a personal computer, Microsoft Office products (Intermediate level skills with Microsoft Excel and Microsoft Word), Credit Bureau Systems and financial calculators. Knowledge of FICS Loan Servicer and Calyx Point software systems is highly beneficial, but not necessarily required. Must have experience with Desktop Underwriter and/or Loan Prospector underwriting systems. Ability to learn and train others in the use of specialized mortgage lending software will be required.

Other Qualifications

· Must be bondable by a credit union and have:

· Demonstrated ability to monitor and oversee loan portfolio and loan servicing department, including staff and systems;

· Strong written and oral communication skills;

· Demonstrated ability to efficiently and consistently produce accurate work;

· Strong organizational and problem solving skills;

· Ability to multi-task in high paced environment with heavy volume of transactions;

· Demonstrated ability to work in both a team and individual environment;

· Must have excellent judgment skills to make quick decisions within written policy and standard operating procedures; Working knowledge of credit union's products and services, policies, and the Federal Credit Union Act including bylaws and regulations that apply to federally chartered credit unions is required;

· Ability to understand and make recommended changes to Standard Operating Procedures and familiarity with state and federal NCUA regulations required. Additional regulations applicant should understand include, but are not limited to: HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, FHA rules and processes;

· Must have knowledge of sales of mortgage loans into secondary market;

· Experience in proper loan pricing based on credit union rate determinations and understanding in the use of points or discounts is necessary.

BENEFITS
AMPLIFY offers a rich benefit package including health, dental, life, and disability insurance; 401(k) plan with matching contributions; fully funded pension plan; paid time off; Federal holidays; tuition reimbursement; a friendly, forward-thinking work environment, and much more.

Read more about us at www.goamplify.jobs.

EQUAL EMPLOYMENT OPPORTUNITY
AMPLIFY is committed to providing equal employment opportunities (EEO) to all applicants without regard to race, color, religion, gender, sexual orientation, national origin, age, genetics, disability, or status as a covered veteran in accordance with applicable federal, state and local laws.

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