AVP of Mortgage Lending

Apple Federal Credit Union•Fairfax, VA

About The Position

At Apple Federal Credit Union, we’re more than a financial institution; we’re a community-focused organization powered by passionate people. With 24 branches across Northern Virginia and a proud legacy of service, we’re committed to improving the lives of our members and the communities we serve. We believe our employees are our greatest asset. That’s why we foster a supportive workplace culture that values inclusiveness, innovation and growth. Whether you’re just starting out or advancing your career, you’ll find opportunities for professional development, mentorship and meaningful impact. Is responsible for organizing, planning and directing the Credit Union's Mortgage Lending function. Directs the activities of all Mortgage Department Managers and Mortgage Staff and Branch Staff in originating, servicing, and collecting residential mortgage loans. Responsible for periodic review of new and existing mortgage products to ensure competitiveness in the market place while guarding the safety and soundness of the loan portfolio. Approves and declines loan applications that exceed the loan limits of underwriters/subordinates. Serves as a member of the Credit Committee. Performs duties and responsibilities in accordance with The Apple Way principles of Team Up, Serve with Purpose, Challenge Yourself and Own It. Remains cognizant of and adheres to credit union policies and procedures, and regulations pertaining to the Bank Secrecy Act. May perform other Administrative, Managerial or Lending duties as assigned by the VP of Lending.

Requirements

10 years mortgage lending experience.
Minimum 8 years management experience in lending or branch management.
A bachelor's degree in Business, Finance, or Accounting.
Must be able to register in the Nationwide Mortgage Licensing System (NMLS) and maintain current registration including submitting to criminal background checks, obtaining and maintaining a unique identifier through NMLS, and renewing registration as required by NMLS.
Previous lending authority.
Demonstrated knowledge of real estate lending policies, procedures, regulations and legislation.

Responsibilities

In conjunction with the relevant Credit Union managers, develops, recommends, and once approved, implements mortgage lending policies and operating procedures that are consistent with overall Credit Union policies and goals. Plans, develops, and implements new mortgage lending products and services. Monitors, analyzes and communicates suggestions pertaining to mortgage loan rates, fees, and other charges to the Chief Lending Officer/SVP of Lending that are consistent with overall Credit Union policies, and are competitive and profitable for the Credit Union. Oversees and participates on all audits for the department to include: NCUA; FHLB; SAFE ACT: AUX Audit; Internal audits; etc.
Reviews Mortgage loans originated in the Branches and through our correspondent partners for compliance with lending objectives, policies, and procedures. Acts as the Senior Mortgage Loan Officer for the Credit Union. Interviews applicants, gathers and evaluates financial and related credit terms where necessary, and continually monitors members’ financial condition and repayment progress.
Supervises, directs and controls the activities of Mortgage Lending staff. Ensures a trained, motivated and professional staff capable of providing efficient and effective Mortgage Lending services to internal and external customers. Interviews, schedules, trains, assigns work, establishes performance expectations and monitors results. Recommends the discipline and/or discharge of subordinates while maintaining required personnel documentation. Coaches and counsels staff as necessary.
Develops and administers staff member training on Mortgage loan and related products. Serves as Credit Union subject-matter expert on Mortgage loan products. Conducts member education seminars and materials.
Coordinate with the Collections Department on the collection of Mortgage loans to minimize delinquencies and maximize charge off recovery in compliance with federal regulations and Apple FCU policies and procedures.
Prepares lending activity reports for Credit Union review by the Board of Directors and Senior Management as requested.
Attend outside educational functions and seminars in order to meet skill and competency requirements.
Key responsibilities of this position include taking mortgage loan applications and negotiating the terms of those applications. This qualifies the employee as a Mortgage Loan Originator (MLO) under the Secure and Fair Enforcement for Mortgage Licensing (SAFE Act).
Completes, communicates, and updates the status of projects on a timely basis; ensures related monthly Dialogs are held in accordance with organizational practices