VP, Residential Mortgage CRA Officer

Vice President Residential Mortgage/Community Reinvestment Act (CRA) Officer

Walpole Co-operative Bank 

Walpole, MA
 

Walpole Co-operative Bank is seeking a Vice President Residential Mortgage/Community Reinvestment Act (CRA) Officer to effectively direct and manage mortgage function, including underwriting and secondary market sales. The Vice President Residential Mortgage/Community Reinvestment Act (CRA) Officer will ensure efficient mortgage origination operations, and direct and implement the Bank’s Community Reinvestment Act (CRA) programs.

Vice President Residential Mortgage/CRA Officer Qualifications and Skills 

• Bachelor’s degree or equivalent experience
• 5 to 7 years’ residential mortgage origination and underwriting experience
• 1 to 2 years’ supervisory or management experience
• Extensive knowledge of mortgage loan products, FHLMC underwriting guidelines, and federal and state regulations
• Working knowledge of Finastra Mortgagebot and DocMagic systems
• Excellent interaction and presentation skills
• Attention to detail with strong organizational skills
• NMLS licensed and able to maintain and renew on an annual basis
• Must be proficient with Microsoft Office including Word, Excel and Outlook

Why You Should Apply 

• Competitive salary with weekly pay
• 80% employer paid premiums for health, dental and vision insurance with FSA and HRA programs (50% of annual deductible covered on HRA)
• 401(k) and 2:1 match, fully paid pension plan, generous paid time off, 100% tuition reimbursement up to 7K per year, 100% paid life insurance, and more!

Vice President Residential Mortgage/CRA Officer Job Responsibilities 

• Foster a positive environment by modeling cultural expectations of accountability, inclusion, flexibility, continuous improvement and collaboration as a results-driven leader with an optimistic, can-do attitude
• Hire, train, actively coach, cross train, appraise, and evaluate staff; ensure that staff is motivated and conversant in Bank products and procedures, banking regulations, and compliance rules
• Ensure all direct reports can effectively perform all essential job responsibilities and functions
• Direct and manage residential mortgage department; ensure loans are originated, processed, underwritten and closed in timely manner and that loan quality standards and compliance policies are met
• Ensure timely, efficient and profitable mortgage origination through selection of mortgage vendors and mortgage programs, management of mortgage operations and underwriting
• Actively generate residential loans through ongoing development of referral network, active business development calls and referral follow up
• Provide leadership in implementation of Community Reinvestment Act Program in conjunction with other Bank staff
• Participate in selected community or civic organizations, conduct seminars and education programs, including Financial Literacy at partner schools and First Time Home Buyers seminars
• Ensure all residential lending systems, software and service providers are compliant and up to date with all consumer regulations
• Ensure secondary market sales through effective financial analysis and selection of programs, timely program compliance and completion of loan packaging that meets investor requirements
• Update mortgage policy and procedures in compliance with laws and Bank policy; recommend changes to policy and procedures as needed
• Participate in internal and external audits and revie