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Loan Operations Manager

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Published 13 days ago

POSITION DESCRIPTION:



The CDFI Operations Manager is a new

position created to assist with the development and management of compliance resources

needed to support the Neighborhood Lending Services (NLS) mortgage lending program.

NLS is a new FHLMC Seller/Servicer and is in the process of building out all of

the systems required to deliver a closed loan to FHLMC. In addition NLS has a

lending pool funded through a proprietary program called the Participatory

Sales and Service Agreement (PSSA) financed by regional banking partners

focused on supporting lending in underserved communities. Additionally, NLS leverages

other bank loan products as a correspondent lender for other, mainly national

banking partners. To adequately position itself for growth, this role was

created to focus on managing the CDFI compliance operation including activities

such as loan program compliance, impact evaluation, setting and monitoring

program policies, assisting with investor/banking partner needs and monitoring

the risk associated with the potential buy-back of FHLMC loans.  



 



RESPONSIBILITIES

INCLUDE:



-       Preparing Quarterly compliance reports for the State of

Illinois IDFPR using the NMLS system and annual compliance reports for the CDFI

Fund.



-       Reviewing monthly loan data for completeness and the standardized

reports for participants in the Participatory Sales and Servicing Agreement

(PSSA), secondary loan sales sources, correspondent relationships, the City of

Chicago and internal departments



-       Developing and continuously reviewing privacy and program

policies



-       Developing and testing compliance criteria and processes



-       Audit loan files for compliance



-       Assisting in the preparation of annual NLS audits



-       Working with NHS Finance team to confirm all NLS transactions

are properly posted in a timely manner



-       Participate in the development, optimization, or

integration of the necessary IT systems and processes to support NLS operations

and collaborations with NHS



-       Primary oversite of mortgage sub servicer






SKILLS REQUIREMENTS:



-      

Deep knowledge about the mortgage lending

industry



-      

Familiarity with different mortgage lending

business models and investment transactions



-      

Knowledgeable about banking and lending

regulations in the state of Illinois. Knowledge regarding banking and lending regulations

in Wisconsin and Indiana a plus



-      

High proficiency in mathematics and data analytics



-      

High proficiency with web-based or enterprise lending

applications



-      

Ability to write clearly and concisely.

Technical writing experience a plus



-      

Ability to easily translate technical language

into layman’s terms.



-      

Must work well in a team environment, but also

be self-directed



-      

Entrepreneurial and mission-driven



-      

A client-focused perspective is mandatory



-      

 



EDUCATION/EXPERIENCE/CERTIFICATIONS DESIRED:



-      

Four-year college degree



-      

Minimum of 5 years of experience in the banking

or mortgage lending industries with FHLMC experience a plus



-      

Experience working on Encompass a plus



-      

5-8 years of experience designing and/or

managing compliance programs



-      

Minimum of four years of program management

experience



 

POSITION DESCRIPTION:



The CDFI Operations Manager is a new

position created to assist with the development and management of compliance resources

needed to support the Neighborhood Lending Services (NLS) mortgage lending program.

NLS is…

Details at a Glance

  • Time Commitment
    Full Time Schedule
  • Start Date
    October 1, 2021
  • Education
    4-Year Degree Required
  • Professional Level
    Professional

Salary

Up to USD 80

Benefits

PTO

Paid Holidays

Medical, Dental, Vision

403(b)


PTO

Paid Holidays

Medical, Dental, Vision

403(b)


Level of Language Proficiency

English

English

Location

On-site
1279 N Milwaukee Ave, Chicago, IL 60622, USA
400

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