Vice President of Consumer Lending

SIKORSKY FINANCIAL CREDIT UNION • Stratford, CT

78d

About The Position

The Vice President of Consumer Lending directs all aspects of Mortgage and Consumer Lending for the Credit Union. Working closely with the SVP/Chief Lending & Growth Officer, this position is responsible for loan fulfillment, loan quality, and achieving budgeted production goals. The Vice President of Consumer Lending is a strategic thinker and change agent with a compelling vision of the future that inspires and engages others and delivers an exceptional member experience.

Requirements

• Bachelor’s degree preferred, preferably in Business Management or related studies.
• Minimum of 8 years of progressive management experience in real estate and consumer lending.
• Extensive knowledge of mortgage, home equity, and consumer lending products, underwriting methodology, loan fulfillment best practices, and compliance.
• Experience originating home loans for sale into the capital markets is preferred.
• A proven track record of building strong teams and achieving assigned goals.
• A general understanding of other functional areas of a credit union or bank is required.
• Must be able to successfully complete the registration process as a mortgage loan originator (MLO) with the Nationwide Mortgage Licensing System and Registry (NMLS).
• Strong analytical, interpersonal and communication skills with a high attention to detail and a sense of urgency.
• Must be willing to continue professional development through training, seminars and membership in professional associations as applicable.
• Ability to travel occasionally as required.
• Technical proficiency in all Microsoft 365 applications and experience working with mortgage and consumer lending loan origination systems required.

Nice To Haves

• Working knowledge of banking (Fiserv DNA) core systems is a plus.

Responsibilities

• Leads the credit union’s Mortgage, Home Loan Sales and Consumer Lending teams.
• Mentors Mortgage Operations Manager, Home Loan Sales Manager, Consumer Lending Manager.
• Monitors the performance of direct and subordinate areas of responsibility with a focus and accountability in attaining established business goals and objectives.
• Oversees business development and loan fulfillment functions for the credit union’s mortgage, auto, personal and credit card products.
• Oversees loan sales into the capital markets and ensures that revenue objectives are achieved.
• Maintains expert knowledge of all key lending concepts, including rates/pricing, pipeline management strategies, underwriting guidelines, compliance, secondary market guidelines, quality control, and risk management.
• Establishes and manages department policies, procedures and product guidelines.
• Underwrites and approves more complex real estate and consumer loans in accordance with company guidelines and policies.
• Collaborates with members of the executive team and cross-functional teams.
• Maintains a wide variety of contacts inside and outside the credit union, coordinating real estate lending and consumer lending activities.
• Pursues opportunities for continuous improvement to the lending program.
• Evaluates staffing needs and recommends the appropriate staffing levels for the department.
• Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards.
• Keeps abreast of industry developments including changes in regulations and technology.
• Ensures adherence to all company policies and procedures and Banking/Credit Union Regulations.
• Performs additional duties as required.

Benefits

• Awesome work-life balance
• Competitive pay
• Excellent benefits package including paid-time off
• Medical/dental insurance
• 401K plan with company match
• Tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 51-100 employees