Mortgage Lending Director Job Description

This Mortgage Lending Director job description is good for hiring a perfect candidate because it clearly describes the key responsibilities, qualifications, and skills required for the role, as well as the impact the role has on the organization’s profitability and growth goals. It highlights the importance of relationship-building, team management, compliance, and market awareness, which are critical for success in mortgage lending.

To customize this job description for your own needs, you can modify the qualifications and experience requirements based on your institution’s size, location, and competitive landscape. You may want to emphasize particular skills or experience relevant to your organization’s lending niche, such as jumbo loans, government-backed mortgages, or construction lending. You can also adjust the compensation package to reflect your institution’s pay scale and incentives structure. Finally, you can tailor the culture and values references to align with your institution’s mission and vision.

Job Description Brief:

We are looking for a highly motivated and experienced Mortgage Lending Director to oversee the mortgage lending process of our financial institution. The successful candidate will be responsible for managing a team of loan officers, underwriters, and other staff members to ensure the timely and accurate underwriting, processing, and funding of mortgage loans. They will also develop relationships with realtors, builders, and other referral sources to generate new business, oversee loan application pipelines, set pricing policies, ensure regulatory compliance, and monitor market trends. The ideal candidate will be a key player in driving our institution’s profitability and growth goals.

Key Responsibilities:

• Manage a team of loan officers, underwriters, and support staff to ensure timely and accurate processing of mortgage loans.
• Develop and maintain relationships with referral sources, including realtors and builders, to generate new business.
• Oversee loan application pipelines, set pricing policies, and ensure regulatory compliance.
• Monitor market trends and adjust lending practices accordingly.
• Implement and manage loan origination and servicing software as needed.
• Collaborate with other departments as needed to ensure effective cooperation and service delivery.
• Promote a positive image of the institution in the community.
• Ensure the professional development of the team members and identify opportunities for career growth.
• Report on lending activities, pipeline status, and market trends to the senior management team.
• Achieve profitability and growth goals for the lending department.

Required Qualifications and Skills:

• Bachelor’s degree in finance, business administration, or related field.
• Minimum of 7 years of experience in mortgage lending, with at least 3 years in a management or supervisory role.
• Strong knowledge of loan origination, underwriting, and servicing processes.
• Thorough understanding of lending regulations and compliance requirements.
• Proven ability to lead and manage a team to meet goals and objectives.
• Excellent communication, negotiation, and interpersonal skills.
• Strong analytical and problem-solving skills.
• Detail-oriented and organized.
• Proficient in mortgage origination and servicing software.

Education and Experience Requirements:

• Bachelor’s degree in finance, business administration, or related field.
• Minimum of 7 years of experience in mortgage lending, with at least 3 years in a management or supervisory role.

Physical Requirements:

• The job may require sitting or standing for long periods of time.
• Some lifting or carrying of documents or equipment may be required.

Work Schedule and Conditions:

• The position typically requires working 40 hours per week, with some flexibility to work evenings and weekends as scheduled.
• The job may require some travel to meet with clients or attend industry events.

Compensation and Benefits:

• The salary for this position will be competitive and commensurate with experience.
• We offer a comprehensive benefits package, including health, dental, and vision insurance, 401(k) matching, and paid time off.

Company Culture and Values:

• Our institution is committed to providing an inclusive and welcoming environment for all employees and clients.
• We value integrity, excellence, teamwork, and service.
• We strive to be a leader in the industry and in the community.

Career Advancement Opportunities:

• We support the professional development of our employees through training, mentorship, and ongoing education.
• Opportunities for advancement within the organization are available for high-performing employees.

Application Process and Contact Information:

• Interested candidates should submit a resume and cover letter to [insert contact email or phone number].
• We will contact qualified candidates to schedule interviews.