$90,000 - $120,000 - Presidential Bank offers a comprehensive benefits package that includes paid leave, medical, dental, vision, disability and life insurance as well as retirement plans.
Presidential Bank pays at a rate of 1.5 times the regular hourl
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The Vice President, Post-Closing Manager and Audit Liaison is jointly responsible for overseeing post-closing operations, providing compliance guidance, and interacting with entities during customary and ad hoc audits. In addition, this role involves reporting, analysis, and enhancement of operations guided by audit findings and our focus on continuous improvement. Also responsible for working in collaboration with each region's operational leadership to foster best practices across all regions.
Major Duties and Responsibilities:
- Strong knowledge of residential lending post-closing operations and compliance, including:
- Shipping
- Insuring and guaranteeing
- Trailing documents
- Transfer of servicing
- Act as point of contact with entities performing mortgage reviews or audits, including internal audits, OCC examinations, the annual external audit, VA reviews and other reviews. Addresses findings with the examiner to clear and rebut issues.
- Professionally interact with our Bank's compliance team
- Manage all mortgage division compliance activities, including solving compliance issues that arise in the loan process on "live" originations
- Hands-on, detailed approach that involves development of tools to enhance reporting, analysis of OPS and compliance
- Optimize the origination processes (pre & post-closing) by using audit finding as concrete examples of issues needing improvement
- Drive changes in processing and closing to reduce suspense charges, audit findings and other issues that impact gain on sale
- Responsible for developing, preparing, and analyzing reports to improve loan quality and the overall origination process and to provide management tools to each functional leader
- Management of redisclosing due to valid change in circumstance
- Provide input in prioritizing enhancements to the Encompass LOS
- Primary point of contact and provide oversight of mortgage related vendors including XACTUS, Mavent, Truv, Stripe, Class Valuations
- Maintain an excellent knowledge of current secondary market guidelines, for Conventional, FHA, VA, USDA-RD and VHDA loans. Must be able to understand and apply policies to all mortgage lending situations
- Other duties as may be required and assigned
Position Requirements:
- College graduate with background in business, economics, or finance preferred; or significant experience at the management level in a banking, mortgage banking, or credit union credit operation. Equivalent experience and formal training may substitute for degree.
- Experience with mortgage lending operations and the Encompass LOS.
- In-depth knowledge of all mortgage products and services, policies, and procedures and related regulations.
- Exceptional Excel skills to enable analysis of operations and related metrics.
- Demonstrated ability to make complex decisions regarding a variety of financial activities.
- Demonstrated leadership skills with ability to deal effectively with external corporate executives and Company's senior management.
- Demonstrated effective leadership skills that include creating and maintaining a positive work environment both with peers and co-workers.
- Must be able to work effectively under pressure and tight deadlines.
- Must be a self-starter.
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Presidential Bank
May 05, 2025