Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated billions in loans.
But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.
At autoMHatic Financial, we're pioneers in our field. With instant loan decisions and a cutting-edge mobile app, we're not just adapting to change—we're driving it. Our goal? To dominate the Manufactured Homes lending space and set new standards of excellence.
SUMMARY:
The VP of Mortgage Operations plays a pivotal role in ensuring the smooth operation of the underwriting process for manufactured housing. This position involves overseeing a team of underwriters, guiding them through the review and analysis of loan applications, third-party reports, and ensuring compliance with lending regulations. The ideal candidate will exhibit a strong sense of urgency, excel in team environments, and possess exceptional organizational, analytical, communication, and PC skills
RESPONSIBILITIES:
Lead a team of underwriters responsible for reviewing and analyzing loan applications for residential, consumer, and mortgage loans related to manufactured housing
Lead a team of loan processors responsible for reviewing and analyzing loan applications for residential, consumer, and mortgage loans related to manufactured housing
Serve as the Company's QI for the Underwriting Department which includes reference review, 5 years of experience in underwriting of residential mortgage loans or similar lending and credit evaluation
Collaborate closely with Regional and District Sales Managers to address outstanding loan conditions and ensure timely processing of loan files
Manage the underwriting process to clear files for closing within specified timelines while maintaining compliance with all applicable lending regulations
Provide guidance, support, and training to underwriters to enhance their skills and performance
Develop and implement underwriting policies, procedures, and best practices to improve efficiency and mitigate risk
Serve as a subject matter expert on underwriting guidelines, lending regulations, and industry trends
Participate in the recruitment and selection process to ensure the organization has the necessary talent to accomplish business goals
Liaise with internal stakeholders, including Management, Loan Officers, Loan Processors, and Compliance Officers, to resolve complex underwriting issues
Provide leadership and advice to division staff in regard to underwriting risks
Proven leadership capabilities with a sound influence in dealing with challenging situations
Independent decision maker - takes full responsibility for making decisions and consequences associated with decisions
Recognized as a leader within the organization that provides advice and guidance to others
Train and coach, the underwriting team through micro-sessions focusing on continuous improvement
QUALIFICATIONS:
Bachelor's degree in Finance, Business Administration, or a related field preferred
Minimum of 7-10 years of experience in underwriting residential, consumer, or preferably mortgage loans, with at least 5+ years in a supervisory or managerial role
Strong knowledge of underwriting principles, guidelines, and practices, particularly in the context of housing (mortgage) loans
Demonstrated ability to interpret and analyze financial documents, credit reports, and appraisals
Excellent communication skills, both verbal and written, with the ability to convey complex information clearly and concisely
Ability to function in a high-paced environment and work as part of a dynamic and productive team
Proficiency in using PC applications, including Microsoft Office Suite and underwriting software
Strong organizational skills with the ability to prioritize tasks and manage multiple deadlines effectively
Detail-oriented with a commitment to accuracy and compliance.
PHYSICAL REQUIREMENTS:
Prolonged periods of sitting at a desk and working on a computer
Must be able to lift up to 10 pounds at times
req24-00705
Seniority level
Executive
Employment type
Full-time
Job function
Finance
Industries
Financial Services
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