VP, Mortgage Operations

VP, Mortgage Operations

Wayne, PA 19087 or Wilkes Barre, PA, 18702

Salary Range: $150,000+

Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated billions in loans.

But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.

At autoMHatic Financial, we're pioneers in our field. With instant loan decisions and a cutting-edge mobile app, we're not just adapting to change—we're driving it. Our goal? To dominate the Manufactured Homes lending space and set new standards of excellence.

SUMMARY:

• The VP of Mortgage Operations plays a pivotal role in ensuring the smooth operation of the underwriting process for manufactured housing. This position involves overseeing a team of underwriters, guiding them through the review and analysis of loan applications, third-party reports, and ensuring compliance with lending regulations. The ideal candidate will exhibit a strong sense of urgency, excel in team environments, and possess exceptional organizational, analytical, communication, and PC skills

RESPONSIBILITIES:

• Lead a team of underwriters responsible for reviewing and analyzing loan applications for residential, consumer, and mortgage loans related to manufactured housing
• Lead a team of loan processors responsible for reviewing and analyzing loan applications for residential, consumer, and mortgage loans related to manufactured housing
• Serve as the Company's QI for the Underwriting Department which includes reference review, 5 years of experience in underwriting of residential mortgage loans or similar lending and credit evaluation
• Collaborate closely with Regional and District Sales Managers to address outstanding loan conditions and ensure timely processing of loan files
• Manage the underwriting process to clear files for closing within specified timelines while maintaining compliance with all applicable lending regulations
• Provide guidance, support, and training to underwriters to enhance their skills and performance
• Develop and implement underwriting policies, procedures, and best practices to improve efficiency and mitigate risk
• Serve as a subject matter expert on underwriting guidelines, lending regulations, and industry trends
• Participate in the recruitment and selection process to ensure the organization has the necessary talent to accomplish business goals
• Liaise with internal stakeholders, including Management, Loan Officers, Loan Processors, and Compliance Officers, to resolve complex underwriting issues
• Provide leadership and advice to division staff in regard to underwriting risks
• Proven leadership capabilities with a sound influence in dealing with challenging situations
• Independent decision maker - takes full responsibility for making decisions and consequences associated with decisions
• Recognized as a leader within the organization that provides advice and guidance to others
• Train and coach, the underwriting team through micro-sessions focusing on continuous improvement

QUALIFICATIONS:

• Bachelor's degree in Finance, Business Administration, or a related field preferred
• Minimum of 7-10 years of experience in underwriting residential, consumer, or preferably mortgage loans, with at least 5+ years in a supervisory or managerial role
• Strong knowledge of underwriting principles, guidelines, and practices, particularly in the context of housing (mortgage) loans
• Demonstrated ability to interpret and analyze financial documents, credit reports, and appraisals
• Excellent communication skills, both verbal and written, with the ability to convey complex information clearly and concisely
• Ability to function in a high-paced environment and work as part of a dynamic and productive team
• Proficiency in using PC applications, including Microsoft Office Suite and underwriting software
• Strong organizational skills with the ability to prioritize tasks and manage multiple deadlines effectively
• Detail-oriented with a commitment to accuracy and compliance.

PHYSICAL REQUIREMENTS:

• Prolonged periods of sitting at a desk and working on a computer
• Must be able to lift up to 10 pounds at times

req24-00705