Vice President of Lending

Zeal Credit Union•Livonia, MI

65d•Onsite

About The Position

The Vice President of Lending at Zeal Credit Union plays a pivotal role in shaping the organization's lending strategy and ensuring its alignment with our mission and goals. This position oversees Consumer, Mortgage, and Commercial lending functions while leading the lending department staff through effective hiring, training, and performance management. The VP collaborates in strategic planning, developing policies that comply with regulations and enhance member satisfaction. By championing member-centric processes and leveraging technology, you will optimize loan origination and servicing systems. Additionally, you will set target goals, provide mentoring, and monitor loan operations to achieve strategic objectives. Staying informed on industry trends and risks is crucial for adapting lending practices, while also evaluating new lending products for competitiveness. This role entails budget oversight, vendor management, and cross-departmental collaboration to ensure the success of lending initiatives and drive member engagement.

Requirements

7 to 10 years of lending and leadership experience
Bachelor's Degree in Business Administration or related field
Knowledge of the secondary market and experience with first and second mortgage residential real estate lending and must have proven track record of selling and servicing loans
Working knowledge of regulations affecting lending
Experience in budget management.
Excellent verbal and written communication skills
Ability to organize and analyze financial information and to accurately perform complex financial calculations.
Excellent organizational skills and attention to detail
Strong analytical and problem-solving skills
Thorough and detailed understanding of lending and collection/bankruptcy regulations lien laws and loan documentation
Punctuality and regular onsite attendance

Responsibilities

Overseeing Consumer, Mortgage, and Commercial lending functions
Leading the lending department staff through effective hiring, training, and performance management
Collaborating in strategic planning
Developing policies that comply with regulations and enhance member satisfaction
Championing member-centric processes and leveraging technology
Optimizing loan origination and servicing systems
Setting target goals
Providing mentoring
Monitoring loan operations to achieve strategic objectives
Staying informed on industry trends and risks
Evaluating new lending products for competitiveness
Budget oversight
Vendor management
Cross-departmental collaboration