VP Mortgage Operations & Capital Markets

Canvas•Lone Tree, CO

1d•$165,000 - $200,000•Onsite

About The Position

We’re Canvas Credit Union We’re passionate about transforming financial services. Our members, families, and the communities we call home motivate everything we do. As part of the credit union movement, we believe in providing our members with education, support, and guidance to build strong financial futures. Canvas "It's About More" Video - YouTube (Click here - or, visit https://www.youtube.com/watch?v=z8WAm_TDRdk ) Why Canvas? At Canvas, we’re dedicated to transforming financial services from the inside out. Our culture is a top priority and second to none. We strive to balance hard work and high achievement with a fun, supportive environment. At Canvas, there are 5 behaviors we live by each day that will continue to help us be known for our heart and our people: What’s In It For You Seriously good benefits : Beyond healthcare, dental, and life insurance, we make it so worth your while. Canvas employees get up to a 10% company contribution to their 401k, generous personal time off, and employee discounts on loans (that includes cars and houses!). The starting pay range for this position is $165K-200K/annual, and final pay rate will be determined based on experience, education, skills, and internal equity factors. Canvas benefits include: Medical/Dental/Vision Insurance Flexible time off Paid Holidays Flexible Spending Account Health Savings Account World Class 401(k) Plan Tuition Reimbursement Rate Discounts on Qualifying Loans May be eligible for incentives or discretionary bonus based on results What you'll do The Vice President (VP) of Mortgage Operations and Capital Markets at Canvas Credit Union oversees and leads all mortgage operations activities, excluding sales and Mortgage Loan Officers (MLOs), while ensuring compliance with credit union lending policies, state and federal regulatory requirements. This role is responsible for the efficient processing, underwriting, funding, closing, post-closing and servicing of first mortgage loans. The VP will also direct capital markets functions, including loan trading, secondary market transactions, and portfolio analysis, while leading the Capital Markets and Loan Trading Analyst and related teams. They will provide strategic leadership by collaborating with the Executive Team and Lending Leadership to establish long-range goals, strategies, plans, and policies focused on operational excellence, risk management, and capital market optimization.

Requirements

Expertise in all mortgage lending products
Skilled in strategy development of mortgage lending operations, overall mortgage growth with quality and Capital Markets.
Demonstrate strong analytical skills, decision making and problem-solving skills.
Maintain a highly cohesive and motivated team.
Expertise in leading highly effective mortgage teams.
Exhibit support of Canvas goals, values, and initiatives.
This role at Canvas requires National Multistate Licensing System (NMLS) registration under the S.A.F.E. act of 2008. This means we conduct background and credit checks to ensure NMLS registration and Canvas requirements are met. (Not meeting or staying current may result in removal from role).
Pre-employment background review (components include criminal, employment, education, address, social security number, motor vehicle record, global sanctions, and sex offender).
Bachelor’s degree or equivalent work experience
Twelve or more years of lending and leadership experience
To be considered, you must be meeting performance expectations, consistently demonstrating HEART behaviors, and must submit an up-to-date resume or update your Work History profile with your current responsibilities and accomplishments.

Responsibilities

Develops, mentors, coaches, and leads high-performance teams in mortgage operations and capital markets, fostering an environment that encourages employee participation, operational efficiency, and alignment with Canvas Credit Union's goals.
Oversee the day-to-day operational activities and strategy related to the buying and selling of consumer, residential, and commercial loans, including loan participations and whole loan sales.
Collaborate and Align with Finance to facilitate negotiation of terms and pricing for loan pool sales and purchases, formulates recommendations aligned with strategic objectives.
Partner with other Lines of Business; Consumer Commercial & Mortgage, to ensure alignment with regard to origination volume, originating to sell vs. hold and forward flow expectations.
Maintains contacts for loan participations, sales and/or securitizations and develops new partnerships with brokers, credit unions, CUSOs, and FinTechs, in collaboration with Partner with Chief Lending Officer and SVP of Mortgage Growth to create and execute on Mortgage lending strategy.
Maintains a dynamic and cooperative relationship with all levels of employees and management as well as the credit union’s affiliates.
Develops and maintains smooth operational transitions.
Partner with SVP of Mortgage Growth to prepare annual mortgage operations business plan including strategic and tactical plans, recommending, and implementing new programs and procedures, automation requirements and enhancements and the annual budget for the mortgage function.
Maintains a strong working knowledge of current secondary market guidelines, including Conventional, FHA, VA, CHFA, broker channels, local assistance programs, and USDA Rural Development.
Responsible for communicating any lending policy changes to staff.
Must be able to understand and apply policies to all mortgage lending situations.
Evaluate and understand opportunities to utilize programs through FHLB. Such as MPF.
Oversee the mortgage servicing function, ensuring operational efficiency, regulatory compliance, and a high standard of member service throughout the loan lifecycle. This includes managing servicing processes, identifying areas for improvement, and supporting risk mitigation efforts.
Leads the mortgage segment of the Credit Review Committee, delivering key insights on mortgage production and portfolio performance to the executive team. This role is responsible for identifying emerging trends, assessing portfolio risk, and informing strategic decisions that support sound lending practices and long-term financial health.
Translates member feedback into strategic insights that inform decision-making and drive continuous improvement.
Collaborate with SVP of Mortgage Growth to develop marketing and sales strategies for new and existing business. Including, ensure efforts meet defined objectives to ensure member loans close on time.
Possesses a deep understanding of real estate appraisals, title reports and real estate transactions.
Ensures compliance with all applicable laws and regulations while continually training and developing staff.
Demonstrates strong decision-making skills related to mortgage loans in conformity with all applicable federal and state regulations including corporate policies and procedures.
Stays current on all required loan documents, systems, credit reports and related lending and regulatory requirements.
Renders credit decisions on mortgage loans as necessary, in conformity with all applicable secondary marketing and Canvas underwriting guidelines.
Communicate regularly and in a timely manner with the Chief Lending Officer concerning lead and application volumes, processing, and underwriting turn times, closing capacity and post-closing and delivery time frames.
Establishes and tracks mortgage metrics to support organizational objectives and goals and prepares timely and accurate reporting.
Implements approved new products and promotions to meet the membership’s needs and stimulate mortgage growth.
Communicates relevant information about mortgage lending, products and promotions to all employees and management.
Perform other job-related duties as assigned.