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F.N.B. Corporation · 2 months ago

Manager of Correspondent Lending Operations

Hermitage, PA

Full-time

Onsite

Mid, Senior Level, Lead/Staff

10+ years exp

F.N.B. Corp. is seeking a Manager of Correspondent Lending Operations to oversee the Correspondent Mortgage Production, Systems, Compliance, Salability, and Operations areas. The role involves managing a team, ensuring compliance with regulations, and developing programs to enhance efficiency and profitability.

BankingFinanceFinancial Services

Responsibilities

Monitors industry practices with regards to government regulations and investor salability guidelines

Monitors third-party origination (TPO) client performance through reporting mechanisms

Manages TPO channel and QC performance, initiates management responses, and provides feedback

Develops programs and products within the boundaries set by the corporation and secondary markets

Reviews programs continuously for changes that effect new guidelines and salability review Quality Control findings to ensure quality is being performed

Develop maintain a TPO platform specifically for wholesale clients to monitor pipeline, loan progress, rate lock status and condition satisfaction

Assign each correspondent personnel access rights based on individual responsibilities to FNB's mortgage platform

Develops and maintains correspondent product guide, policies and procedures and updates as necessary to regulatory and industry guidelines

Develops and maintains audit checklists for secondary salability and implements and coaches staff and correspondent lending partners to revisions

Develops and builds reports for performance monitoring and scheduling

Works closely with the Correspondent Lending Manager, Underwriting, Compliance, and Risk to ensure policies and procedures are developed in compliance with the corporation and regulatory guidelines

Services as an internal sales representative to provide excellent customer service to TPO clients fielding a variety of customer inquiries from program guidelines, pricing, loan scenario questions and procedural questions

Hires, coaches, instructs, and evaluates Correspondent Lending team and works closely with team members

Coaches team on new revisions to procedures and loan salability changes

Assists the Correspondent Lending Manager with business development and approval of TPO clients

Prepare and present to the Correspondent Approval Committee comprehensive reviews of new clients including background checks, business practices, and financial analysis

Existing client monitoring with volume, QC, and delinquency performance metrics

Communicate with Committee of any major changes

Works closely with the Correspondent Lending Manager in client service, training, and marketing

Schedule training webinars with new and existing clients

Review any trends in QC reviews with clients

Ensure all loans are meeting salability in the secondary markets

Contribute to continuous improvement of the department: Create and maintain pricing engine to increase accuracy and profitability with correspondent lending pricing

Explore technology options to streamline procedures

Performs other related duties and projects as assigned

Qualification

Correspondent Lending OperationsCompliance ManagementLoan Processing OversightAnalytical SkillsCustomer ServiceInterpersonal SkillsMS WordMS ExcelMS PowerPointMortgage BotUni-FormGenesisCommunicationDetail-oriented