Old Second National Bank

Mortgage Operations Leader (1st VP/SVP)

Downers Grove, Illinois, United States · Vp

Sponsorship not specified$110k-$160kDetected 8 days ago

AccountingCustomer SupportLeadershipMentoringInternal AuditUnderwriting

About the role

For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.
The incumbent will have a deep understanding of mortgage regulations to apply to the operations setting and will cultivate an environment open to process improvements, compliance with regulatory standards, enhanced reporting, and growth.

Responsibilities

Lead and retain a best-in-class loan operations team, providing direction, development and mentorship to team members.
Create and foster a positive and collaborative team environment amongst operations and sales teams.
How We Support You - Old Second

Requirements

Bachelor's degree in Business, Accounting, Finance, Economics, or related field of study and seven or more years mortgage operations and/or mortgage compliance experience
Must have experience leading teams and managing people.
Strong leadership skills including ability to use independent judgment
Ability to interpret and communicate regulations, policies, and protocol

Nice to have

Assist Director or Residential Lending with long and short-term planning for the Residential Lending function
Participate in the development of lending policies and procedures that align with organizational goals
Establish and oversee the execution of operational goals by engaging with operations team, mortgage sales and other departments
Assist with the oversight of department financial management, planning, systems and controls.
participate in the preparation of reports for senior management.
Monitor workflows, productivity and department metrics to increase service levels, and quality while effectively managing risk.
Track output against SLAs and KPIs.
Ensure lending activities are conducted accordance with established policy guidelines and standards, are properly documented, and meet regulatory requirements.

Compensation

Base pay - 1st VP level: $110,000 - $160,000
Base Pay - SVP Level: $127,000 - $180,000
Old Second is committed to fair and equitable pay practices.
Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% - 20% of base salary based various performance components.

Benefits

Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% - 20% of base salary based various performance components.

Company info

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
Reporting to the Director of Residential Lending, the Mortgage Operations Leader is responsible for leading all aspects of the Mortgage Operations function including processing, underwriting, closing and funding to ensure all loan obligations are met with high efficiency and quality of service. The incumbent will have a deep understanding of mortgage regulations to apply to the operations setting and will cultivate an environment open to process improvements, compliance with regulatory standards, enhanced reporting, and growth.
At Old Second, you're first!
At Old Second we embrace values that foster an environment of community and growth.
Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.
Be a part of something big as we continue our growth story together!
Reporting to the Director of Residential Lending, the Mortgage Operations Leader is responsible for leading all aspects of the Mortgage Operations function including processing, underwriting, closing and funding to ensure all loan obligations are met with high efficiency and quality of service.
This role interacts regularly with mortgage sales and operations, internal business partners and support teams, external partners and vendors.
Essential Job Functions
Strategy & Planning
Develop and maintain regular reporting of department metrics and results; participate in the preparation of reports for senior management.
Partner with Marketing team in the implementation of marketing campaigns across various channels
Risk Management & Operational Oversight
Monitor economic indicators and evaluate potential impacts on the loan portfolios to maintain a delicate balance between stimulating loan growth, maximizing profitability, and mitigating risks.
Lead the lending operations team in evaluating loan applications, assessing credit risk, and ensuring sound underwriting practices
Monitor workflows, productivity and department metrics to increase service levels, and quality while effectively managing risk. Track output against SLAs and KPIs.
Lead, evaluate, implement, monitor, maintain and improve various loan origination systems, vendor changes or product launches.
Anticipates issues facing the department and/or organization and develop innovative solutions to streamline work processes and support operational objectives

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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.