FinTrust Connect Hiring for Operations Manager/ Home Finance Job at Elmwood Park, NJ Full Time

Home Finance – VP Operations Manager – Northern NJ

FinTrust Connect has partnered with a reputable bank in the Northern NJ area that is in search of a highly skilled Home Finance Operations Manager. This individual will be responsible for overseeing and managing the daily operations of the Home Finance group, ensuring compliance with regulatory and bank policies, and enhancing the performance and development of personnel. Someone seeking a cohesive and close-knit culture would be a great fit for their environment.

Why this opportunity?

· Culture: Our client offers a dynamic and collaborative work environment where all employees feel valued and empowered to reach their full potential. They believe in creating a supportive and inclusive culture that prioritizes professional development, career advancement, and growth opportunities for their employees.

· Workstyle (On-site, Hybrid, Remote): First 90 days on-site, followed by a hybrid schedule of 3 in-office and 2 remote days.

· Function: The Home Finance Operations Manager is responsible for managing the daily operations of the Home Finance group, ensuring that all loan applications are processed, underwritten, and closed in compliance with regulatory and bank policies. This role also involves the oversight of team leaders, processing, and sales groups.

Requirements:

· College degree or equivalent related business experience.

· Minimum of 5 years residential lending originations in a retail and/or wholesale environment.

· Knowledge of FNMA/FHLMC and other secondary mortgage lending guidelines.

· Working knowledge of secondary market (agency and investors) procedures/operations for residential lending.

· Thorough knowledge of compliance regulations and their applicability; including but not limited to Dodd-Frank and TRID.

· LOS technical and compliance knowledge is required. Mortgagebot POS & LOS a plus.

· Proficiency with various software programs, including word processing and spreadsheet applications required.

· Excellent verbal, organizational, inter-personal, and written communication skills.

· Strong customer service skills.

· Please note that the employer is NOT able to sponsor candidates for this position.

Description:

· Coordinate and manage the Home Finance group’s daily operations to ensure all loan applications are processed, underwritten, and closed in compliance with regulatory and bank policies.

· Monitor production pipeline with staff on an ongoing basis for quality, accuracy, and consistent turnaround time.

· Develop and implement policies and procedures to ensure compliance with industry and internal bank requirements.

· Troubleshoot processing, underwriting, pre-closing, closing, and post-closing issues/problems with department staff, correspondent lenders, borrowers, AMC, and attorneys to expedite loan approvals and closings.

· Evaluate and enhance the performance and development of personnel and make recommendations to senior management regarding ongoing training and continued education of staff.

· Collaborate with SVP, Mortgage Originations in researching, developing, and preparing the department’s annual operating budget and cost-saving measures.

· Oversee and manage with other groups the HMDA/LAR process to ensure that all loan files are updated with the proper data for monthly LAR tracking and year-end HMDA reporting.

· Administrate all utilized technology for the group, including Mortgagebot LOS & POS, Laser Pro, and any other embedded solutions administrative requirements.

· Perform other duties as assigned by management related to the bank, lending, and other bank functions.

Job Type: Full-time

Pay: $120,000.00 – $130,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible spending account
• Health insurance
• Tuition reimbursement

Physical setting:

• Office

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Application Question(s):

• How many years of LOS technical and compliance knowledge in lending do you have?
• How many years of experience do you have with Mortgagebot POS & LOS?
• How many years of experience do you with FNMA/FHLMC and other secondary mortgage lending guidelines?

Education:

• Bachelor’s (Required)

Experience:

• residential lending: 5 years (Preferred)

Willingness to travel:

• 25% (Preferred)

Work Location: Hybrid remote in Elmwood Park, NJ 07407