Head of Mortgage Underwriting and Credit Initiation

Citi•O'fallon, MO

25d

About The Position

Responsible for the development, implementation and governance of a comprehensive framework used to manage underwriting and residential real estate credit risk Manage the underwriting process, pipeline, loan quality, personnel, and deal structuring of mortgage transactions Manage workflow and monitor daily productivity, ensure proper controls and procedures are documented, maintained and followed and identify trends Accountable for end results, budgeting, planning, policy and procedure formulation, and contribution to future strategy in Underwriting. Establish goals and objectives for the department, ensuring proper controls and procedures exist for timely and accurate processing of credit reviews while maintaining an environment focused on credit quality, service, accuracy and efficiency. Manage compliance, business and independent risk controls as required and/or needed Partner with credit risk to analyze and provide credit recommendations and guidance to senior leadership Create and foster an environment of teamwork, camaraderie and professional growth and development Routine interactions with Sales, Compliance, Legal, Credit Risk, Independent Risk, and Senior Management to accomplish business objectives Makes recommendations to enhance credit policy to meet business needs Hire, manage, coach and constantly evaluate the team members and leadership team Prepare and issue senior management reports and deliver presentations to large audiences Responds to Quality Control, Compliance Testing and Internal and External Audit findings Ability to write clear proposals, project plans, and presentations. Ability to explore alternatives and positions to reach outcomes that are supported and accepted by various parties. Ability to work effectively in situations requiring analytical, interpretive and problem-solving techniques.

Requirements

10+ years underwriting leadership experience managing high performing teams, preferably in a banking environment
Excellent knowledge of mortgage compliance in general, and specific underwriting compliance
Strong analytical skills, including financial analysis of complex information e.g. corporate cash flows, multiple sources of personal income, structuring complex mortgage or other financing transactions
Demonstrated ability to synthesize information, prioritize business goals and drive results with a high sense of urgency
Strong interpersonal, influencing and written/verbal communications skills
Outstanding people leadership skills, able to envision an enhanced future state and motivate and inspire others to create it
Pragmatic problem solver, forward thinker with independence of thought
Ability to create support and buy-in across a wide range of stakeholders; create a strong network of relationships among peers, internal partners, external constituencies and decision makers
Aptitude to work independently as well as with a team with minimal direction in a fast-paced, changing environment - excellent prioritization skills a must
Bachelor's degree/University degree or equivalent experience

Nice To Haves

Master's degree preferred

Responsibilities

development, implementation and governance of a comprehensive framework used to manage underwriting and residential real estate credit risk
Manage the underwriting process, pipeline, loan quality, personnel, and deal structuring of mortgage transactions
Manage workflow and monitor daily productivity
ensure proper controls and procedures are documented, maintained and followed and identify trends
Accountable for end results, budgeting, planning, policy and procedure formulation, and contribution to future strategy in Underwriting
Establish goals and objectives for the department
ensuring proper controls and procedures exist for timely and accurate processing of credit reviews while maintaining an environment focused on credit quality, service, accuracy and efficiency
Manage compliance, business and independent risk controls as required and/or needed
Partner with credit risk to analyze and provide credit recommendations and guidance to senior leadership
Create and foster an environment of teamwork, camaraderie and professional growth and development
Routine interactions with Sales, Compliance, Legal, Credit Risk, Independent Risk, and Senior Management to accomplish business objectives
Makes recommendations to enhance credit policy to meet business needs
Hire, manage, coach and constantly evaluate the team members and leadership team
Prepare and issue senior management reports and deliver presentations to large audiences
Responds to Quality Control, Compliance Testing and Internal and External Audit findings
Ability to write clear proposals, project plans, and presentations
Ability to explore alternatives and positions to reach outcomes that are supported and accepted by various parties
Ability to work effectively in situations requiring analytical, interpretive and problem-solving techniques