The VA Credit Policy Manager will be responsible for the development, deployment, and ongoing maintenance of all Credit Policies, Credit Procedures, and Credit Processes. The Manager will ensure that all credit related practices adopted by the Bank are in full compliance with Regulatory guidance and conform to Safe and Sound Banking practices. Support executive management by developing and maintaining credit risk measurements.
Maintain daily workflow related to product development, credit policy communications, and product training
Responsible for development of credit policy, quality loan decisions
Work closely with Mortgage Operations and management to ensure staff is aware of and following all established program and policy requirements of each investor and/or agency and insurer
Act as a resource to both underwriting and production staff and provide information regarding changes to investor and/or guarantor policies and procedures
Performs second reviews for new underwriters and new loan programs as well as declined loans from Underwriter or QC
Other duties may be assigned.
Demonstrate advanced product knowledge of FHA, VA, Conventional and other loan programs such as 2nd Mortgages, and Home Improvement.
Demonstrate working knowledge of federal and state guidelines, rules and regulations such as RESPA, TILA, HMDA, etc.
Advanced ability to analyze complex tax returns and accurately calculate income for all types of borrowers.
Ability to maintain a high level of professionalism, customer service, and communication with all parties involved in the loan cycle.
Proficient with Encompass, or other paperless mortgage loan origination systems.
Understanding of all compliance regulations and investor guidelines.
Extreme knowledge of Fannie/Freddie Guidelines
Underwritten Fannie/Freddie for the past 5 years.
Bachelor's Degree in Business or related area; or a minimum of seven to ten years' experience as a manager in the mortgage industry.
Must have current HUD designated CHUMS number. VA SAR/LAPP designation preferred.
Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.
Other Duties: This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION: See in the normal visual range with or without correction. HEARING: Hear in the normal audio range with or without correction.
[EOE/M/F/D/V. Drug-free workplace.]
New American Funding