Merchants Bank-posted 3 months ago
Full-time • Manager
Hastings, MN
251-500 employees

Merchants Bank, Winona, is seeking a Mortgage Processing/Closing Manager. Initial training will be in Winona, MN and then can be worked out of any Merchants Bank location with office space available. This position is responsible for the direct supervision and workflow management for all Mortgage Processing and Closing departments. This includes developing performance metrics and standards for role, reviewing daily numbers and metrics for each channel, identifying daily priorities, and daily and weekly pipeline management to move loans through the system timely and efficiently. Will also establish processes and procedures to maintain accuracy, compliance requirements, and completeness of required documentation. Responsible for ensuring the Processing and Closing teams provide exceptional customer service experience for all customers, lenders, teammates, as well other contacts, both internal and external.

  • Effectively lead all teams in alignment with the Bank’s strategic goals
  • Work in a collaborative fashion with all direct reporting staff with particular emphasis on making a smooth process among all departments to ensure the highest level of customer service and workflow efficiency across all departments
  • Ensure all regulatory and compliance requirements are being met
  • Measure performance for all direct reporting staff to ensure all standards are met for the various types of mortgage loans
  • Improve and convey any training, procedural or policy changes
  • Develop, formalize, and maintain department policies and procedures as they pertain to the Mortgage Processing, Mortgage Closing and Mortgage Disbursing areas
  • Ability to problem solve and make suggestions for system and procedural improvements and efficiencies
  • Motivate and lead by example, effectively communicating individual, team, and company objectives
  • Monitor and enhance the Correspondent Relationship Lending Program and ensure compliance requirements are being met
  • Assist in developing new products, procedures, and workflows as they pertain to Mortgage Processing, Mortgage Closing and Mortgage Disbursing areas
  • Responsible for making sure mortgage systems/applications are performing as expected as they pertain to Mortgage Processing, Closing and Disbursing before and after system updates, and participate in testing as needed
  • Continually look for increased efficiencies and automation to contribute to improving our overall efficiency ratio and using the ADKAR methodology when implementing changes
  • Minimum three years of experience in management or mortgage processing/closing
  • Ability to read and analyze tax returns, financial statements, knowledge of Fannie Mae, Freddie Mac, Government, Jumbo, and other investor guidelines
  • Has knowledge of mortgage related compliance regulations such as RESPA, Fair Lending, HMDA, TRID timelines, etc.
  • Strong interpersonal skills; the ability to effectively interact with various styles and levels of management and be able to adjust own communication style based on the audience
  • Proven ability to lead, coach, and mentor at all position levels
  • Positive Attitude and willingness to help others
  • Health insurance
  • Dental insurance
  • Life insurance
  • Disability insurance
  • Vision insurance
  • Flexible spending accounts
  • 401(k) retirement plan
  • ESOP retirement plan
  • Bonus plan
  • Paid time off
  • Tuition reimbursement
  • Variety of voluntary supplemental insurance options
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