Chief Lending Officer
Company: 1st United Credit Union
Location: Pleasanton
Posted on: November 20, 2024
Job Description:
We believe in our employees, and we want them to believe in us.
That's why we provide job training, skill development, and the
opportunity to grow with us! At 1st United Credit Union, we are
committed to improving the quality of life for our members and the
communities we serve across the East Bay and Tri-Valley areas. The
Chief Lending Officer oversees the organizations Consumer and Real
Estate lending operations and strategy. The role oversees 1st
United's Credit Card, Personal, Real Estate, Direct and Indirect
vehicle loan portfolios as well as overseeing the operation of loan
servicing (including DMV), underwriting, loan administration and
the loan imaging teams. Works with other Chiefs, VPs and Managers
to achieve growth and profitability goals while managing risk.
Interacts with the Board of Directors and/or appropriate Board
committees regarding credit union strategy and lending-related
items. Primary Responsibilities:
- Directs and monitors lending operations for the entire Credit
Union, through subordinate manages/supervisors, to ensure the
Credit Union meets established goals and objectives with respect to
lending including profitability and performance of the loan
portfolio. Monitors product delivery and quality and takes action
to resolve problems. Set pricing strategy weekly for Real Estate
and monthly for Consumer Lending
- Lead and motivate the team to meet and exceed lending goals,
including loan origination, underwriting, loan serving and member
services via phone statistical data and survey results Strong focus
on member satisfaction. Ensuring member-centric approach to lending
while balancing the risk exposure of the credit union.
- Collaborate with lending and marketing VPs and managers on new
product development and market expansion opportunities; and works
closely with the Compliance and Risk Management department to
ensure lending compliance with all applicable lending laws,
regulations and guidelines (e.g TILA, FCRA, ECOA, RESPA, HOEPA,
HMDA)
- Conducts Annual Real Estate portfolio analysis and Equity risk
review; monitors economic and market trends and presents lending
volume, performance and statistical data monthly to the Board of
Directors.
- Manage and updates loan granting and other lending-related
policies and establishes individual underwriting limits.
- Oversee and manage the administration of the real estate and
consumer lending LOS systems and sets, monitors and evaluates
criteria for instant preapprovals
- Implement policies and process to minimize credit loss by
tracking loan portfolio performance, establishing criteria for
annual limit increase/decreases and ensures credit assessment and
risk evaluation protocols are in place
- Participates in establishment of annual department budget and
monitors performance to budget throughout the year; establishes
annual sales goals (in conjunction with marketing and finance) for
lending programs and initiates action to achieve established
goals.
- Oversees lending risk management and responsible for the
quality assurance and Data Integrity to ensure that Lending
(direct/Indirect) , Real Estate, DMV, underwriting and loan
servicing's practices and processes comply with internal
policies.
- Other duties as assigned Knowledge and Skills:
- Ten years to fifteen years of similar or related
experience
- Five years of experience working as a senior leadership
- A master's degree, or (2) a bachelor's degree plus professional
certification (e.g., CPA) and/or a combination of equivalent
educational and work experience.
- Work frequently involves exercising advanced conflict
resolution, giving material presentations, and resolving issues
impacting multiple departments or divisions. Role also requires the
ability to motivate or influence others as a material part of the
role, with a significant level of diplomacy and trust. Obtaining
cooperation (internally and/or externally) is an important part of
the role and a high level of interpersonal skills is critical to
the success of this position.
- Strong understanding of credit analysis , risk management and
loan portfolio management
- Strong strategic thinking skills
- Team building and team motivating skills
- Regulatory Knowledge Typical office environment. Hybrid work
schedule may be approved. Salary wage will range from
$260,000.00/year to $290,000.00/year. Wages posted are for grade 19
and will depend on experience. 1st United Credit Union is an Equal
Opportunity Employer
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Keywords: 1st United Credit Union, Petaluma , Chief Lending Officer, Executive , Pleasanton, California
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