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Residential Mortgage Lending Manager

January 25, 2013 - March 22, 2013
Location:Wyomissing, PA
Employment Type:Full Time
Department:Banking
Description:Responsible for managing the residential mortgage origination activities of the bank for both portfolio and secondary markets; developing and managing large and/or complex residential mortgage loan accounts; preparing and interpreting mortgage lending activity reports for bank management and the Board; actively participating in the bank’s business development activities particularly in regard to residential housing; supervising assigned personnel; monitors opportunities for procedural efficiencies and cost controls; participates in the development of marketing strategies; participates in the residential mortgage working group across all Tompkins Financial banks.

Duties:Develops, communicates and monitors short- and long-term goals and objectives for the residential mortgage credit services function, including but not limited to financial, marketing, loan production, departmental operations/software and product development; Participates in the formulation of bank residential mortgage lending policy and establishes lending standards and operating procedures that are consistent with overall bank policies and operating objectives; Supervises, directs, and controls the activities of Mortgage Loan Officers making residential mortgage loans, presents loan requests to the appropriate committee of the Board of Directors when the proposed loan dollar value exceeds lending authority, reviews and approves within personal limits of authority loan recommendations made by subordinates; Coordinates the efforts of the Residential Mortgage Credit Department with other lending departments, attorney, operations and other functions throughout the bank; Monitors portfolio trends of amounts, balance among products, rates, delinquencies, foreclosures, and their causes, to recommend action to management; Insures residential mortgage lending activities are in compliance with applicable laws, Fair Lending practices and regulations as well as established bank standards and policies; Assists in developing and maintaining product and interest rate structures that are consistent with overall bank management policies, competitive, and affords the bank optimum profitability, including housing loans for low to moderate income people with our CRA area; Develops and manages large and/or complex residential mortgage loan accounts, i.e., interviews applicants, collects and analyzes financial related data to establish credit worthiness; Actively participates in the bank’s business development activities particularly with respect to residential housing; Personally calls on Realtors, community leaders, builders, customers, and prospects; Promotes the image of the bank through participation in local business, social, or civic groups; Works closely with collection manager and counsel to initiate residential foreclosure actions where other collection activities have failed; represents the bank in all phases of foreclosure activities.
Qualifications:BS degree or equivalent experience; a thorough knowledge of current residential lending and compliance regulations and procedures; proficient reading, writing, grammar, and mathematics skills; proficient interpersonal relations and communicative skills; a thorough knowledge of the features and benefits of all bank mortgage and secondary market products and services; proficient analytical skills; knowledge of mortgage software and work flow requirements; supervisory skills sufficient to manage a small group of employees; Minimum five (5) years experience in related positions.


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