AVP, Correspondent Mortgage Credit Manager

Citi • Jacksonville, FL

17h

About The Position

Generally the Correspondent Mortgage Credit Manager is tasked with overseeing the fast-paced lifecycle of purchasing mortgage loans within the correspondent channel, with a focus on ensuring operational efficiency, adherence to regulatory standards, and achieving high client satisfaction. This role involves timely active management of daily operations, the proactive development and implementation of process improvements, and providing leadership to the operations team. Key responsibilities include managing operational functions such as condition review, purchasing, funding, and post-closing activities. Furthermore, the manager acts as the primary operational liaison for correspondent partners, handling escalations, resolving challenges, and cultivating strong business relationships. A crucial aspect of this role is leading, mentoring, and coaching the operations team, which involves establishing clear performance metrics, monitoring results, and managing performance to uphold accountability.

Requirements

• 5-8 years previous Mortgage Credit Analysis experience required.
• Extensive mortgage industry knowledge related to credit worthiness, regulatory requirements and agency guidelines is required.
• Knowledge of mortgage documentation including closing and post-closing documents.

Nice To Haves

• Correspondent Lending experience preferred.
• Working knowledge of reporting and presentation skills is a plus.

Responsibilities

• Performs oversight of Client Excellence Team within Correspondent channel that supports sellers through the prepurchase review process.
• Supports the Correspondent Account Executives in their initiatives against volume goals.
• Responsible for managing Risk and Controls and maintaining quality expectations set forth by the organization.
• Monitors capacity against established plans and forecasts.
• Integrates in-depth credit operations knowledge with a solid knowledge of industry standards and practices.
• Uses sound judgment to complete more complex credit transaction reviews.
• Performs analysis of credit and investor delivery quality on mortgage transactions.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees