Michigan Schools and Government Credit Union
Real Estate Lending (Mortgage) Director
Michigan Schools and Government Credit Union, Troy, Michigan, United States, 48083
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Real Estate Lending (Mortgage) Director
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Michigan Schools and Government Credit Union Overview of Responsibilities: Directs and oversees areas within the real estate lending function, including production, underwriting, processing, closing, and servicing, to support MSGCU goals. Ensures financial objectives, strategic goals, and growth targets are achieved in accordance with policies, state and federal regulations, and the desired member experience. Essential Duties & Responsibilities
Understand key financial indicators and their implications for the real estate lending function. Perform financial analysis to generate, evaluate, and act on strategic options and opportunities, integrating quantitative and qualitative information to draw accurate conclusions. Deliver a superior member experience by managing real estate production, underwriting, processing, closing, and servicing while mitigating risk. Promote a collaborative team culture, build strong internal/external relationships, achieve service levels, and deliver exceptional member service. Participate in planning and achievement of mortgage lending goals and assist the Chief Lending Officer in prioritizing corporate initiatives to align resources within the real estate lending area. Contribute at a strategic policy level to support mortgage lending and growth. Serve as MSGCU’s subject matter expert regarding secondary markets, servicing, pricing, and FHA requirements. Maintain and apply advanced knowledge of mortgage business and market to advance MSGCU’s position. Monitor competitors and inform the Chief Lending Officer of market positions, strategy, products, and performance. Develop and implement profitable mortgage loan products and promotions; educate the team on sales opportunities within the market. Monitor the real estate department’s effectiveness, financial results, and efficiency; identify opportunities for enhancement. Oversee and develop policies and procedures to ensure legal and regulatory compliance in real estate lending. Hold self and others accountable to meet commitments and maintain high standards of excellence. Build a high-performing team that leverages diverse skills to achieve goals and deliver a positive member and team member experience. Implement best practices to drive engagement and collaborate with executive management to improve the member and team member experience in the mortgage lending channel. Oversee development of new or enhanced mortgage lending products to ensure compliance, competitive positioning, value to members, and profitability, including monitoring and actions to drive product penetration and usage growth. Balance stakeholder interests by anticipating requirements and collaborating with internal and external stakeholders to meet objectives and deliver high-quality member service. Plan and align work to enable the mortgage lending team’s success, set clear objectives, remove obstacles, and establish controls to empower delegation. Ensure accountability for achieving performance standards and the quality of MSGCU’s loan portfolios. Communicate effectively using written, verbal, and presentation formats; actively listen to accommodate diverse audiences. Model honesty, integrity, authenticity, and alignment with organizational values; make responsible choices and address difficult issues with courage. Demonstrate self-awareness by soliciting feedback and using self-reflection to improve personal and team performance. Education and Experience Requirements
Bachelor’s degree in Business or related field required. 7 years of related, progressively responsible management experience in the mortgage services industry, with proven success in growing a loan portfolio while managing risk and profitability. Preference for experience at a mid-size to large financial institution with mortgage lending background. 5 years of leadership experience. Experience with Encompass preferred. Working Conditions
Office and branch environment with typical noise levels; occasional travel within MSGCU’s service area as needed. May be exposed to situations such as robbery; security procedures are provided annually. Typically seated with occasional walking or standing; may lift/compress up to 25 pounds. Compensation and Benefits
Base salary begins at $120,000 per year; eligible for incentives as part of the variable compensation plan. Medical, dental, and vision coverage on day one; option for a Health Savings Account (HSA)-eligible plan with no monthly premium for you and eligible family members. MSGCU contributes 3% and provides a 100% match for the next 7% contributed to your 401(k) if you are at least 21 years old. 12 paid holidays and up to 120 hours of PTO in the first year (pro-rated based on start date). Seniority level
Mid-Senior level Employment type
Full-time Job function
Strategy/Planning and Information Technology Industry: Banking Note: This page contained additional job postings and generic notices which have been removed for clarity and relevance to the role.
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Real Estate Lending (Mortgage) Director
role at
Michigan Schools and Government Credit Union Overview of Responsibilities: Directs and oversees areas within the real estate lending function, including production, underwriting, processing, closing, and servicing, to support MSGCU goals. Ensures financial objectives, strategic goals, and growth targets are achieved in accordance with policies, state and federal regulations, and the desired member experience. Essential Duties & Responsibilities
Understand key financial indicators and their implications for the real estate lending function. Perform financial analysis to generate, evaluate, and act on strategic options and opportunities, integrating quantitative and qualitative information to draw accurate conclusions. Deliver a superior member experience by managing real estate production, underwriting, processing, closing, and servicing while mitigating risk. Promote a collaborative team culture, build strong internal/external relationships, achieve service levels, and deliver exceptional member service. Participate in planning and achievement of mortgage lending goals and assist the Chief Lending Officer in prioritizing corporate initiatives to align resources within the real estate lending area. Contribute at a strategic policy level to support mortgage lending and growth. Serve as MSGCU’s subject matter expert regarding secondary markets, servicing, pricing, and FHA requirements. Maintain and apply advanced knowledge of mortgage business and market to advance MSGCU’s position. Monitor competitors and inform the Chief Lending Officer of market positions, strategy, products, and performance. Develop and implement profitable mortgage loan products and promotions; educate the team on sales opportunities within the market. Monitor the real estate department’s effectiveness, financial results, and efficiency; identify opportunities for enhancement. Oversee and develop policies and procedures to ensure legal and regulatory compliance in real estate lending. Hold self and others accountable to meet commitments and maintain high standards of excellence. Build a high-performing team that leverages diverse skills to achieve goals and deliver a positive member and team member experience. Implement best practices to drive engagement and collaborate with executive management to improve the member and team member experience in the mortgage lending channel. Oversee development of new or enhanced mortgage lending products to ensure compliance, competitive positioning, value to members, and profitability, including monitoring and actions to drive product penetration and usage growth. Balance stakeholder interests by anticipating requirements and collaborating with internal and external stakeholders to meet objectives and deliver high-quality member service. Plan and align work to enable the mortgage lending team’s success, set clear objectives, remove obstacles, and establish controls to empower delegation. Ensure accountability for achieving performance standards and the quality of MSGCU’s loan portfolios. Communicate effectively using written, verbal, and presentation formats; actively listen to accommodate diverse audiences. Model honesty, integrity, authenticity, and alignment with organizational values; make responsible choices and address difficult issues with courage. Demonstrate self-awareness by soliciting feedback and using self-reflection to improve personal and team performance. Education and Experience Requirements
Bachelor’s degree in Business or related field required. 7 years of related, progressively responsible management experience in the mortgage services industry, with proven success in growing a loan portfolio while managing risk and profitability. Preference for experience at a mid-size to large financial institution with mortgage lending background. 5 years of leadership experience. Experience with Encompass preferred. Working Conditions
Office and branch environment with typical noise levels; occasional travel within MSGCU’s service area as needed. May be exposed to situations such as robbery; security procedures are provided annually. Typically seated with occasional walking or standing; may lift/compress up to 25 pounds. Compensation and Benefits
Base salary begins at $120,000 per year; eligible for incentives as part of the variable compensation plan. Medical, dental, and vision coverage on day one; option for a Health Savings Account (HSA)-eligible plan with no monthly premium for you and eligible family members. MSGCU contributes 3% and provides a 100% match for the next 7% contributed to your 401(k) if you are at least 21 years old. 12 paid holidays and up to 120 hours of PTO in the first year (pro-rated based on start date). Seniority level
Mid-Senior level Employment type
Full-time Job function
Strategy/Planning and Information Technology Industry: Banking Note: This page contained additional job postings and generic notices which have been removed for clarity and relevance to the role.
#J-18808-Ljbffr