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VP of Loan Operations (Wayne, PA)
Join the financial evolution in Manufactured Housing with autoMHatic Financial!
Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated billions in loans.
But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.
autoMHatic Financial is seeking a Vice President of Loan Operations to join our team and lead development of models to support the POS (point of sale) business, Loan Originations, and Loan Management teams. This is an exciting opportunity to drive the design and development of our underwriting guidelines, process flow, and operations.
Role Overview:
The VP of Loan Operations is responsible for identifying new opportunities in the credit spectrum and driving process flow improvements that enable efficient scaling of the platform. Critical characteristics and required experience include: a track record of developing large-scale solutions that deliver significant business value; strong business acumen; breadth and depth of expertise in the mortgage space; the ability to develop business relationships; skill at translating complex data and ideas into high-impact and digestible improvements; and the ability to grow and mentor teams.
The successful candidate will demonstrate the ability to work on complex processes across the end-to-end project cycle while expanding their competencies and growing their business and industry acumen. Their knowledge, experience, and perspective will enable them to suggest new answers to old questions and share insights that stretch the traditional boundaries of the lending industry.
This role is based at our headquarters in Wayne, PA.
Key Responsibilities
Qualifications
Joining autoMHatic Financial comes with a range of enticing benefits designed to enhance your work-life balance and foster a vibrant, rewarding work environment. As part of our team, you'll enjoy:
Backed by Private Equity (PE), autoMHatic Financial is leading the charge in revolutionizing the specialty lending industry of Manufactured Home loans. Formerly known as Tammac Holdings Corporation, our legacy spans over 40 years, during which we've proudly originated billions in loans.
But that's just the beginning of our story. We're embarking on an exciting transformation, ushering in a new era of financial services. Our focus? Launching innovative products, streamlining processes through automation, and harnessing the power of technology to redefine speed, service, and solutions for our valued customers.
autoMHatic Financial is seeking a Vice President of Loan Operations to join our team and lead development of models to support the POS (point of sale) business, Loan Originations, and Loan Management teams. This is an exciting opportunity to drive the design and development of our underwriting guidelines, process flow, and operations.
Role Overview:
The VP of Loan Operations is responsible for identifying new opportunities in the credit spectrum and driving process flow improvements that enable efficient scaling of the platform. Critical characteristics and required experience include: a track record of developing large-scale solutions that deliver significant business value; strong business acumen; breadth and depth of expertise in the mortgage space; the ability to develop business relationships; skill at translating complex data and ideas into high-impact and digestible improvements; and the ability to grow and mentor teams.
The successful candidate will demonstrate the ability to work on complex processes across the end-to-end project cycle while expanding their competencies and growing their business and industry acumen. Their knowledge, experience, and perspective will enable them to suggest new answers to old questions and share insights that stretch the traditional boundaries of the lending industry.
This role is based at our headquarters in Wayne, PA.
Key Responsibilities
- Oversee all functions related to underwriting, loan processing, funding, and closing of loans
- Oversee Company’s credit underwriting and credit policies
- Research and develop new process flows and workstreams
- Work with data sources, including information from other industries, demographic data, and digital data to improve performance and execution of our credit policy
- Leverage a variety of statistical and mathematical techniques to analyze a variety of datasets to solve business problems
- Execute workflows and strategic improvements through multiple systems and work with a variety of business partners
- Partner with other leaders to define business priorities, align talent and resources, and communicate progress to executive management
- Effectively prioritize competing initiatives across direct reports and translate strategic priorities into individual/team initiatives
- Maintain knowledge of autoMHatic’s HR, Onboarding, Payroll, and Accounting policies and systems and proactively consult applicable department to resolve issues
- Handle other duties as assigned
Qualifications
- Must have Five (5) years independently verifiable experience in the business of underwriting of residential mortgage loans or similar lending and credit evaluation experience.
- The person designated must be an owner, general partner, trustee or officer of the applicant.
- MLO license preferred or eligible to obtain.
- Bachelor’s Degree preferably in Economics, Business Management, Finance, Management or related discipline strongly encouraged
- In-depth knowledge of federal and state regulations including: GLBA, RESPA, Flood Regulations, RegZ, SCRA
- Experience designing, developing, and implementing operational process changes and improvements that drive economies of scale
- Superior communication skills with the comfort to interface with all levels of management
- Proven experience working with teams of diverse individuals focused on multiple projects simultaneously
- Track record of leading and inspiring teams to maximize their output
- Advanced Microsoft Office experience coupled with ability to clearly present proposals to senior management
- Six Sigma certification preferred
- Must pass criminal background and credit checks
- 5+ years of Mortgage loan servicing experience a plus but not required
Joining autoMHatic Financial comes with a range of enticing benefits designed to enhance your work-life balance and foster a vibrant, rewarding work environment. As part of our team, you'll enjoy:
- Generous and Competitive Pay: We offer competitive compensation packages to recognize and reward your valuable contributions. Including, comprehensive benefits, such as healthcare, dental and vision insurance, 401K.
- Generous Paid Time Off (PTO): Take the time you need to recharge and pursue your passions outside of work with our comprehensive PTO package.
- Exciting Team Events: From team-building activities to fun social events, we believe in fostering a strong sense of camaraderie through regular events that bring our team together.
- Thriving Startup Environment: Immerse yourself in a dynamic startup culture where innovation, collaboration, and creativity thrive, offering endless opportunities for growth and development.
Department: Operations
This is a management position
This is a full time position