VP of Lending

FedChoice Federal Credit Union•Lanham, MD

About The Position

We are looking for a motivated, member-focused, target-driven team member to join our Lending Services team as VP of Lending. Are you an experienced, strategic Lending professional? Are you knowledgeable of Federal and State Regulations and best practice lending policies and procedures? Do you have strong team management and leadership skills? FedChoice is looking for a VP of Lending to direct and supervise the Credit Union's lending operations, with a primary emphasis on consumer, real estate and participation/business lending, loan servicing, and collections. Ensure that departments within Lending Services and across the organization are working together to provide effective, efficient, and quality service to members and internal customers. You will be expected to facilitate the growth of the Credit Union through the development, execution, and management of lending and collections strategic initiatives aimed at fostering continuous improvement and innovation, all while ensuring strict compliance with regulatory requirements.

Requirements

Minimum seven years managing consumer, indirect, and real estate lending, along with collections experience and at least three years in a senior leadership role
BA/BS in Business, Finance or Accounting or equivalent experience preferred
Proficient with Microsoft Office and MeridianLink Administration
Credit Union or financial institution experience
Must be registered through the National Mortgage Loan System (NMLS) and must maintain registration
Exceptional written and verbal communication
Ability to generate innovative ideas, concepts, processes and execute them successfully
Familiarity with loan promotions and marketing practices.

Nice To Haves

Business Accounts/Lending experience is a plus
Symitar and MeridianLink knowledge and experience are a plus

Responsibilities

Lending Strategy and Leadership - Develop and implement a comprehensive lending strategy aligned with the credit union’s goals and member needs.
Consumer and Real Estate Lending Oversight - Provide strategic direction and ensure the management and optimization of the consumer and real estate lending functions, including loan origination, underwriting, and closing processes.
Collections Management - Provide strategic direction and ensure the management and optimization of the Member Business Loans/Participation loan portfolio.
Loan Servicing - Provide strategic direction and ensure the management and optimization of loan servicing.
Risk Assessment and Mitigation - Conduct thorough risk assessments related to lending activities, identifying potential risks, and implementing mitigation strategies.
Policy Development and Compliance - Responsible for the annual development and update of lending policies and procedures to ensure compliance with regulatory requirements and internal standards.
Performance Monitoring and Reporting - Establish key performance indicators (KPIs) for lending functions and regularly monitor and report on performance against targets.
Member Engagement and Internal Communications - Collaborate with marketing and other Operations areas to enhance member engagement through lending products and services.
Team Development and Training - Lead, mentor, and develop the lending team, fostering a culture of excellence and continuous learning.
Any other duties as assigned.