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Logix Federal Credit Union

Manager, RE Prefunding Audit

Burbank, CA

 The RE Pre-Funding Audit Manager manages the functions and responsibilities of real estate prefunding audit, funders, escrow and funding. Ensures quality service through frequent communication with processing and vendors; ensures loan docs, final funding, legal file and CD are accurate. Acts as a system expert in RE Loan Operations and related areas including staff training, pipeline management, workload distribution and report preparation.

  • Develops and maintains prefunding review process to encompass review of Origination, processing and underwriting.
  • Manages components of a comprehensive quality assurance program to meet the requirements of all agencies and regulatory bodies involved with mortgage origination.
  • Maintains records of findings, produces and reports on trends, and recommends changes to operations and/or to loan audit processes and reports.
  • Maintains a strong feedback loop between training, business unit, processing, funding and underwriting groups to ensure staff and management are aware of results and areas for improvement.
  • Participates in the preparation, reporting and presentation of monthly quality assurance results as well as root-cause analysis and potential training opportunities. Develops reports and presentations based on quality assurance results.
  • Interprets, analyzes and evaluates data to determine gaps in processes, recommends changes in procedure and provides training to department on investigation and data integrity issues.
  • Participates in Mortgage Operations initiatives to improve efficiency and customer service
  • Performs ongoing, structured, and rigorous testing of key procedures and controls within business units; working with the department manager to develop, draft and implement new testing scripts.
  • Assists in researching, designing, and coordinating processes to set up or improve various mortgage programs within the department.
  • Acquires and maintains knowledge of relevant product offerings and support policies in order to provide technically accurate, workable and cost-effective solutions.
  • Corresponds with investors and responds to any investor audit issues.
  • Monitors daily workflow of Real Estate loans to ensure deadlines are met, regulations are followed, and all functions are covered.
  • Updates policy and procedures, training, statistical reporting, and initiates new products and services.
  • Manages compliance of initial disclosures, re-disclosures active and the issuing of post-closing closing disclosure.
  • Ensures that Loan Rep daily task are completed timely i.e.; third party services (Title, Flood Certs, HOA, Etc.), updating fees, document classification, etc.
  • Ensures that all disclosures are completed accurately and delivered to applicants within the regulatory timing requirements.
  • Maintains pipeline report with assignment of loan files.
  • Ensures that all HMDA reporting data is completed accurately and that the credit union is compliant with the reporting of the data through the government monitoring system. Works closely with Lending Administration and Corporate Compliance on the monitoring of the data throughout each calendar year and the subsequent annual submission.
  • Seeks to resolve Significant Findings and recommends actions to prevent future occurrences.
  • Manages areas of oversight using data and analysis to ensure optimization of workflows and to enhance staff performance.
  • Provides feedback to Management regarding prefunding capacity including making manpower recommendations.
  • Provides leadership and promotes teamwork.
  • Assist the Sr. Manager Credit to develop department strategic plans and position standards.
  • Works as a department liaison between Processing, Servicing, Underwriting, Senior RE Operations management and internal audit.
  • Responsible for meeting or exceeding the corporate goal of the Net Promoter Score Touch Point and Department Surveys
  • Effectively manages the department’s performance and maintains at least an Overall Performance Index (OPI) of 100% that is under the management control
  • Provides continuous feedback to management in the form of reports, charts and statistics as requested. Prepares daily, weekly, monthly, and year-to-date reports and graphs as requested by management.
  • Manages vendor relationship as required.

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SUPERVISORY RESPONSIBILITIES

  • Directly supervises assigned employees related to prefunding and funding of real estate loans as well as the department system administrators. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Education and/or Experience

  • Must have:
  • Minimum 5 years of related experience required
  • 1 to 3 years of related management or project leadership experience preferred
  • Demonstrated in-depth knowledge of the loan process from origination through Funding
  • Thorough working knowledge of underwriting policies and guidelines, including FNMA and other investor standards and practices
  • Thorough working knowledge of all related regulations
  • Intermediate to advanced knowledge of Excel, Word and Outlook. Prime Alliance experience helpful.
  • Bachelor’s Degree preferred

Must also demonstrate conduct consistent with our Corporate Values:

  • Practice open Communication with all levels;
  • Be Accountable by taking ownership of customer issues and responsibility for one’s actions;
  • Foster Teamwork by cooperating and collaborating with other employees;
  • Seek ways to make the workplace Fun for oneself & others;
  • Conduct oneself with Integrity by being honest, trustworthy and ethical in all work activities and interactions;
  • Work with a Service Orientation by having a genuine concern for the needs of one’s customers and by being friendly, professional and following through on commitments; and
  • Demonstrate Humility in all interactions and remember to leave one’s ego at the door when one arrives to work. 

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.

Job ID: 2429970
Employment Type: Other

This job is no longer available.

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