KS Mortgage Operations Manager

MERITRUST CREDIT UNION•Wichita, KS

5d•$90,817 - $113,521•Onsite

About The Position

The Mortgage Operations Manager is a critical leadership role that oversees the entire mortgage operations department, including underwriting, processing, and closing. This individual will ensure operational efficiency, compliance with regulatory requirements, and high quality service delivery. The role demands a seasoned professional with extensive experience in mortgage operations, a comprehensive understanding of the regulatory landscape, and exceptional leadership capabilities to drive performance and growth within the team.

Requirements

High School Diploma or equivalent.
In-depth knowledge of mortgage operations, underwriting, processing, closing, and post-closing procedures.
Comprehensive understanding of federal, state, and local mortgage regulations.
Deep understanding of agency guidelines (including Fannie Mae, Freddie Mac, FHA, VA, and USDA) along with correspondent lending requirements.
Demonstrated expertise in loan purchasing, delivery, and pre-fund and post-closing procedures.
Minimum of 7-10 years of experience in mortgage operations, with at least 3-5 years in a management role.
Proficiency in mortgage software and loan origination systems.
Strong analytical skills and ability to utilize data analytics for decision-making.
Excellent communication and interpersonal skills.
Ability to develop and implement operational strategies and process improvements.
Knowledge of risk management and compliance auditing.

Responsibilities

Lead and inspire a diverse team of mortgage professionals, fostering a collaborative and high performance culture.
Develop and implement operational strategies and best practices to enhance efficiency and effectiveness.
Conduct regular team meetings to review performance metrics, address challenges, and set goals.
Provide ongoing training, mentorship, and professional development opportunities.
Facilitate communication and coordination between departments to streamline operations and improve customer service.
Ensure thorough and accurate reviews of mortgage applications, adhering to policies and regulatory requirements.
Personally review and approve high value, complex, or exceptional mortgage applications.
Maintain and update underwriting guidelines and standards.
Develop risk management strategies to mitigate potential underwriting risks.
Oversee the mortgage processing team to ensure efficient and accurate processing within established timelines.
Monitor the loan pipeline, ensuring timely progression from application to closing.
Implement process improvements to enhance workflow efficiency.
Resolve escalated processing issues and ensure customer satisfaction.
Manage the closing team to ensure accurate, efficient, and compliant closing of mortgage loans.
Coordinate with external partners to facilitate smooth and timely closings.
Review and approve closing documents for accuracy and completeness.
Address and resolve issues during the closing process.
Perform prefunding quality control reviews to ensure loan files meet agency, investor, and regulatory requirements.
Identify documentation, compliance, and underwriting deficiencies and coordinate corrective actions prior to closing.
Conduct post-closing activities, verifying completeness and accuracy of loan packages.
Deliver loans to the secondary market within the lock period, ensuring timely mailing of necessary documents.
Ensure compliance with federal, state, and local regulations.
Stay abreast of regulatory changes and implement necessary updates.
Conduct regular compliance audits and reviews.
Develop and implement training programs on compliance requirements.
Ensure exceptional customer service throughout the mortgage process.
Address and resolve escalated customer issues and complaints.
Implement customer feedback mechanisms to improve the customer experience.
Collaborate with marketing and member services teams to promote mortgage products.
Develop and monitor key performance indicators (KPIs) for the mortgage operations team.
Prepare and present regular performance reports to senior management.
Utilize data analytics to identify trends and make informed decisions.
Implement performance improvement plans for team members.
Serve as the point of contact for all third party audits and contract audits.
Ensure compliance with HMDA guidelines and reporting requirements.
Conduct pre close data integrity checks and prepare reports of findings.
Facilitate and maintain relationships with vendors and partners.
Manage real estate policy reviews and ensure continuous quality improvement.
Ensure completion and submission of Freddie Mac Investor renewal certifications.
Manage MERS Registrations and Transfers and Paid in full loans.
Reconciliation and Audits.
Resolve MERs Exceptions.
Maintain Policies, procedures and controls.
Serve as the internal subject matter expert for MERS requirements, system usage, and best practices.
Other duties as assigned.