Dir Real Estate Policy & Underwriting - BBVA Compass (Birmingham, AL) in Birmingham, Alabama For Sale
Responsible for directing all mortgage and home equity loan credit policy and underwriting functions. This includes directing teams of underwriters to ensure superior service quality, consistency, service level achievement, and acceptable levels of risk. Reviews and monitors bank policies and procedures to ensure compliance with federal and state banking regulations. Works closely with Risk area to set/modify policy and monitor performance.
ESSENTIAL FUNCTIONS
Provides strong leadership to several teams of underwriters and support staff throughout the footprint, with a commitment to employee engagement, customer service, and risk management.
Works with risk management to evaluate credit appetite and align credit policy and guidelines accordingly.
Maintains policies and guidelines for home equity loan products, including HELOAN and HELOC.
Maintains policies and guidelines for all mortgage products, including traditional portfolio, Jumbo, PA, FNMA, FHLMC, FHA, VA, USDA, GNMA, private investors, and PMI.
Coordinates updates to all agency and investor rules and guidelines, and establishing policy overlays as appropriate to manage risk.
Directs loan decision and authority structure, including limits and overrides.
Tracks exceptions to policy/guidelines and monitors performance of exception portfolios.
Works closely with Director of Quality Control to ensure that errors are minimized and corrective action occurs as necessary to improve performance.
Acts as the banks liaison with agencies and investors regarding policies, purchase criteria, and performance of relevant portfolios.
Manages inquiries from regulators and auditors, and provides responses as appropriate. Monitors any action plans resulting from any audit findings.
Ensures all defined business processes are executed pursuant to agreed upon timing, procedure and metrics.
Engage in direct communication with third party vendor service providers to manage workflows and ensure commitment to service level agreements.
Implements strategies that will result in a reduction of loan level defects through collaboration with key internal stakeholders.
Communicate any credit risk issues and appropriate guide violations to both internal management and management of third-party originators.
Participates with other senior managers to establish strategic plans and objectives.
Makes final decisions on administrative or operational matters and ensures operations' effective achievement of objectives.
Works on complex issues where analysis of situations or data requires an in-depth knowledge of the company and loan level QC/QA analyses.
Participates in corporate development of methods, techniques and evaluation criteria of projects, programs and people.
Ensures budgets and schedules meet corporate requirements.
Regularly interacts with executive management, Legal, Audit, Risk, Compliance, Finance, TeSS, Project Management, Sales, Operations, and Segment leadership.
Source: http://www.jobs2careers.com/click.php?id=xxxxxxxx34.96