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Freedom Bank · 1 day ago

Vice President of Residential & Consumer Lending Operations

Maywood, NJ

Full-time

Onsite

Mid, Senior Level

$110K/yr - $125K/yr

7+ years exp

Freedom Bank is seeking a Vice President of Residential & Consumer Lending Operations responsible for the strategic leadership and operational oversight of lending functions. The role focuses on ensuring efficient loan processing and compliance while driving loan growth and business development.

BankingFinanceFinancial Services

Responsibilities

Direct oversight for lending functions including processing, underwriting, closing, post-closing, and quality control functions

Handle all incoming residential and consumer loan inquiries and applications

Directly responsible for timely and accurate disclosing of all applications in accordance with regulatory requirements

Ensures appropriate policies and procedures are developed and implemented to comply with state and federal regulatory requirements, investor requirements, and company objectives. Facilitate regulatory changes, product development, and/or enhancements

Drive loan growth and business development by identifying new market opportunities, strengthening referral networks, and collaborating with team members to increase residential and consumer loan volume

Liaison with the Chief Lending Officer and Compliance Officer and business partners for compliance, regulatory and policy and procedural related matters, as necessary such as HMDA, audits, and examinations

Develop and maintain correspondent relationships to include investor re-certifications

Works with Secondary Market and Sales team to assess product needs and policy and procedure requirements

Optimizes team structure and technical expertise through education and sharing of knowledge

Administrator for the Encompass and Laser Pro origination systems

Conducts product seminars for internal and external business partners including financial advisors, attorneys, and the public

Maintains and monitors acceptable standards regarding loan quality for loans held in portfolio and sold loans

Present applications and loan request summaries to the Loan Committee as required

Prepare weekly and monthly reports for multiple bank departments

Qualification

Mortgage BankingEncompassLaserProTRID complianceNMLS numberCommunication skillsCritical thinkingProblem-solving

Required

Minimum of 7+ years of related experience

NMLS number required

Working knowledge of all aspects of Mortgage Banking, including underwriting, processing, residential mortgage compliance, secondary, sales, and closings

Working knowledge of Encompass and LaserPro

Communication, critical thinking and problem-solving skills

Proven ability to manage a portfolio independently

Expert knowledge of TRID rules and regulations, and on local, state, and federal regulations and compliance requirements