VP of Lending

Open Positions

Job Description

Manages all aspects of consumer lending, indirect lending, and mortgage lending. Ensures lending operations are conducted in accordance with established policies and procedures while adhering to all State and Federal regulations and rules.

Duties & Responsibilities

• Assumes responsibility for the development and implementation of effective Lending practices.
  • Oversees and supports all areas of lending, hires, reviews, schedules, trains, and monitors the work of direct reports.
  • Maintains a motivated staff ensuring that all areas keep in line with strategic plan expectations.
  • Ensures staff receives education and training that is sufficient to allow them to effectively perform their jobs. Encourages continuous learning among all team members.
  • Develops, applies, and evaluates policies and procedures for the Lending department.
  • Makes recommendations and supports promotions for loan growth.
  • Participates in strategic planning, organizing, coordinating, and controlling the credit union's corporate and operational business affairs.
  • Maintains compliance and sound operational processes in all Lending areas
  • Ensures quality member service experience in all Mortgage and Lending areas.

• Ensures the effective performance of lending related services.
  • Monitors quality and mix of loans booked. Makes recommendations and/or adjustments where necessary.
  • Improves processes and ensures operations maintain maximum efficiency.
  • Evaluates and reviews new products and services to ensure the departments are running at maximum productivity.
  • Analyzes and coordinates new technology initiatives and business process improvements.
  • Monitors product offerings to ensure validity of value to membership.

• Assumes responsibility for the effective administration of lending functions.
  
  • Reviews financial reports and performs audits to monitor lending; and validates current underwriting practices.
  • Works with system providers to ensure the Lending functions operate at maximum efficiency and research, recommends and implements enhancements to the core and add-on systems.
  • Monitors relative expense and income budgets to ensure the department is operating efficiently.
  • Monitors performance of all lending areas including overall and individual levels.

• Effectively supervises personnel, ensuring optimal performance.
  • Provides leadership to assigned personnel through effective objective setting, delegation, and communication. Conducts staff meetings as required. Assigns, directs, and coordinates work.
  • Instructs personnel regarding policy, procedure, and program changes and ensures they are well informed regarding related legal and regulatory developments.

• Assumes responsibility for ensuring professional business relationships are established and maintained with customers, vendors, the business community, and trade organizations.
  • Maintains good working relationship with all partner companies to ensure effective and efficient collaboration and production.
  • Ensures the company's professional reputation is maintained throughout lending and business transactions with customers.

• Assumes responsibility for related duties as required or assigned.
  • Maintains awareness of changes in the credit and collections fields, including government regulation, technological advancements, and economic impacts.
  • Performs such other functions that might be needed from time to time and assists others to complete tasks and work assignments.  

Knowledge and Experience