Warehouse Lending Operations Manager

The successful candidate in this position will serve as the primary contact for developing and administering the Warehouse Lending function for the credit union.  Primarily responsible for the counterparty credit and collateral management aspects of warehouse lending.  Work requires building close relationships with Alliant internal and external partners to ensure customer relationships are maintained.  Manages and oversees the relationships with third party participants including title companies and investors. Resources to do the job require reliance on knowledge of the concepts, practices and procedures to approve warehouse lines to Mortgage Bankers as customers of the credit union. General supervision is received from the Warehouse Lending Relationship Manager.

Responsibilities include:

Credit Responsibilities:

• Develop and maintain warehouse lending credit policies and procedures.
• Develop pre-funding and post-funding documentation requirements, including fraud mitigation tools.
• Provide authority for loan level exception decisioning as delegated by VP.
• Serve as Point-of-Contact for receipt and review of warehouse customer application and supporting documentation.
• Prepare and process all Credit Approvals including sub-limit grid with deal specifics.
• Serve as Point-of-Contact for receipt and review of all Legal documents in connection with the warehouse facility.
• Develop and implement warehouse customer pre-approval due diligence process including defining customer specific parameters for facility amounts, sub-limits and product types along with financial, audit, credit and licensing review.
• Responsible for the ongoing review of fraud mitigation tools used by customer with on-site due diligence; update requirements as needed.
• Complete the accurate and timely review of all 3rd party field exams including OFAC, BSA, Reg O, CIP, and KYC validation.
• Responsible for on-going Portfolio Management with risk rating assessments and annual renewal processing.
• Responsible for recommending periodic credit actions as required. Ensure accurate and timely review of all correspondent guide updates for possible changes to warehouse criteria

Operation Responsibilities:

• Manage and oversee all activities related to Warehouse Operations.
• Ensure accurate and timely system maintenance, set up and training for users and customers.
• Responsible for the review of appropriate legal agreements and legal documents prior to closing to eliminate operational issues.
• Approve and set up closing agents.
• Develop and maintain Operations Policies and Procedures, Workflows and Customer Reference Guide.
• Process all advance requests and paydown requests.
• Receive, review and process all collateral.
• Provide portfolio and loan level reporting to management.

Requirements: Completion of a Bachelor’s degree in Finance, Accounting, or a related field or equivalent work experience; minimum four to six years experience in a warehouse lending department. Exceptional analytical skills with a strong understanding of the risk of lending to Mortgage Bankers. Experience working with internal and external cross functional teams. Computer proficiency utilizing MS Office Suite.