This job has been posted for more than 30 working days and has expired.

Head of Mortgage Bank/ COO

Our client is seeking an individual to take over day to day responsibilities of entire mortgage banking subsidiary of a growing commercial bank.

Ideal candidate is someone who has knowledge of the entire operation including: compliance, trading, product development, overseeing sales (broker and retail channels), loan originations, staffing, budgeting, and reporting.

This is a great role for someone who may have owned a mortgage bank or ran a mortgage bank.

This is a senior level position which will report to the bank's CEO.

The Mortgage bank is a well capitalized group and a key component of the bank's strategic plan for success.

The group is currently averaging 20 million a month in pipeline activity.

They are launching the retail platform next year and seek more TPO business to bring them to 40 million.

The Mortgage Bank COO will be responsible for and require the following:

  • Directly responsible for managing and developing: the loan origination group (processing, underwriting, closing, funding, shipping, and sale of the mortgage loan), overseeing the current broker channel and developing a retail channel, all secondary marketing activities (loan trading), investor relations (develop new investor relations and maintain existing), product development, marketing, staffing, tracking departmental profitability and budgets, overseeing the Bank is following all residential compliance requirements, and loan reporting.

  • Running the Bank's Mortgage Banking Operations (MBO).

    The position will report directly to the Bank's President

  • A minimum of ten years Mortgage Banking Operations (MBO) experience is required.

  • The 12 Full time and part time employees.