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Sikorsky Credit Union · 2 months ago

Vice President of Consumer Lending

Stratford, CT

Full-time

Onsite

Senior Level, Lead/Staff

8+ years exp

Sikorsky Credit Union is one of the largest credit unions in Connecticut, recognized for its commitment to helping people achieve their financial goals. The Vice President of Consumer Lending will direct all aspects of Mortgage and Consumer Lending, focusing on loan fulfillment, quality, and achieving production goals while mentoring team leaders and collaborating with the executive team.

BankingCreditFinancial Services

Comp. & Benefits

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 (underwriting, processing, closing, funding, post-closing) 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. Monitors competition, and recommends enhancements to products, programs, or pricing when necessary

Establishes and manages department policies, procedures and product guidelines. Consistently ensures that department training and processes are effective and deliver an outstanding member experience

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 (Loan Servicing, Loss Mitigation, Digital Banking, Marketing, Finance, IT, HR, Risk)

Maintains a wide variety of contacts inside and outside the credit union, coordinating real estate lending and consumer lending activities, promoting services, exchanging information, and representing the credit union at various functions

Pursues opportunities for continuous improvement to the lending program (products, process, innovation). Makes recommendations and oversees project implementation for assigned departments

Evaluates staffing needs and recommend the appropriate staffing levels for the department. Recruits, interviews and recommends qualified personnel. Ensures that all employee performance appraisals are completed and administered in a timely manner, including goal setting, providing constructive feedback in a professional manner, and developing a career path for each individual. Recommends, documents, and administers employee counseling and disciplinary actions in coordination with Human Resources

Promotes and maintains a positive work atmosphere by communicating in a manner consistent with professional standards to work effectively with members, co-workers, management, and vendors. Demonstrates the Credit Union’s core values of Service, Teamwork, Integrity, and Responsibility

Keeps abreast of industry developments including but not limited to changes in regulations and technology

Ensures adherence to all company policies and procedures and Banking/Credit Union Regulations

Performs additional duties as required

Qualification

Consumer Lending ManagementMortgage Lending ExpertiseLoan UnderwritingRegulatory ComplianceMicrosoft 365 ProficiencyTeam LeadershipAnalytical SkillsDependabilityInterpersonal SkillsCommunication SkillsAttention to DetailAdaptabilityWork Ethic

Required

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 (secured and unsecured loans). 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). Must maintain the ability to annually renew and maintain registration throughout employment

Strong analytical, interpersonal and communication skills with a high attention to detail and a sense of urgency. Team oriented, adaptable, dependable with a strong work ethic

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