What You’ll Do
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Summary/Objective:
The Lending Risk Manager is responsible for all of Quality Control/Assurance functions for Post-Closing, Pre-funding, Lending Compliance, Vendor Management, HMDA, Fair Lending, Member Resolution, and Credit & Collateral Management.
Essential Functions:
- Ensure the department meets all investor and company guidelines for the selection, audit, and reporting of quality control/assurance (QC/QA) performance metrics.
- The Lending Risk Manager is responsible for producing accurate and actionable information and results to the Director of Mortgage Lending.
- The Lending Risk Manager will manage and direct the pre-funding, post-funding administration, servicing teams, lending compliance and maintaining quality control/assurance policies, procedures and HMDA reporting.
- Track and manage the audit process including the completion of audit findings and ensure performance meets all audit turnaround times on file reviews.
- Implement tracking standardizations to ensure all finding levels and responsible parties are managed to provide accurate external data for quality performance tracking down to the loan level.
- Gather and analyze all QA & QC results and communicate these findings and suggest corrective action throughout the organization
- Responsible for making recommendations for mortgage servicing, compliance, maintenance, digital technology, workflows and policies to ensure competitiveness.
- Project management of Credit Union initiatives as outlined by the Director of Mortgage Lending.
- Ensures regulatory (State & Federal) requirements are up to date.
- Develop and keep the Lending Risk team informed through staff meetings, continuous coaching, training, and by attending seminars/conferences.
- Set individual weekly and monthly goals for Assistant Manager(s), Team Leaders, and direct reports to ensure that department as well as DCU goals are met.
- Responsible for conducting annual performance reviews for all Lending Risk team members.
- Respond to both internal and external DCU member issues and inquiries in a professional and timely manner.
- Continue to look for ways to streamline DCU’s processes and workflow to improve services provided to members and provide Director of Mortgage Lending with recommendations for improvement.
- Assist in conducting in-house training classes for credit union personnel.
- Manage and coordinate activities according to established policies and procedures. Recommend, communicate, and implement department operating policies, procedures, protocols, and guidelines.
- Develop and implement controls to ensure consistency and accuracy. Responsible for internal systems and processes to ensure that all procedures are consistent with the company’s objectives for quality control/assurance, servicing, and lending compliance.
- Supervise, coach, mentor, and motivate staff through one-on-one meetings, performance management, disciplinary action, development, and delegation. Assist in establishing department and employee goals and monitor individual and department progress toward goal attainment.
- Complete all required Bank Secrecy Act related training annually and maintain knowledge of current BSA policies, specifically those related to functions performed within the department and identifying and reporting possible suspicious activity.
- Performs other duties as assigned.
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What You’ll Need
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Education and Experience Requirements:
- 5+ years’ experience in managing quality control/assurance, compliance, and servicing functions
- Experience associated with the management of the post-closing and pre-funding quality control process and ability to lead and train staff on QC/QA trends, issues, and processes. Implements and follows the QC/QA, lending compliance policy and guidelines established.
- 1-3 years of previous supervisory experience
- Excellent written and verbal communication skills with proven experience in developing and communicating policies and procedures. Ability to research and recommend policy changes and process improvements as needed and making sure to keep abreast of agency underwriting and quality control agency guidelines and requirement.
- Ability to effectively facilitate meetings, develop management reports and to report the monthly results to senior management.
- Ability to research, evaluate, and interpret QC/QA and Servicing results and to effectively communicate these to determine trends and training issues and to successfully communicate these needs to be operations/credit teams.
- Strong knowledge of all mortgage loan products, policies, procedures, underwriting, processing, funding, post-closing, and delivery methods. Excellent verbal, interpersonal, listening, and written communication skills.
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What We Do
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DCU is the largest credit union headquartered in New England – serving more than one million members in all 50 states. With over 1,900 team members, we strive to make DCU a great place to work with an excellent work-life balance, and a community that cares.
DCU is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
If you’re applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to careers@dcu.org and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.
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