Vice President, Credit Policy, Loan Performance
International Luxury Hotel Association
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteSalary
💰 $175,000 - $220,000 per year
Job Level
Lead
About the role
- Own and maintain the Company’s credit policies, procedures and underwriting guides based on regulatory requirements, industry best practice, credit trends, market conditions and appetite and internal risk assessments. Periodically review and reevaluate the adequacy and effectiveness of established credit policies, procedures and underwriting guides updating and recommending changes as necessary
- Develop and implement enhancements to the underwriting guidelines and processes to maintain appropriate loan quality and mitigate credit risks while supporting business growth
- Review all product offerings from a credit risk standpoint, collaborating with peers to approve new offerings and ensuring the appropriate frameworks and underwriting guidelines are in place to support
- Monitor loan performance and identify trends, making recommendations for adjustments to credit policy, underwriting guidelines and/or risk mitigation strategies when necessary. Report on credit trends and loan performance
- Collaborate with senior leaders and departments to ensure credit decisions align with business goals and risk management strategies
- Maintain up to date knowledge and awareness of federal, state, and local regulations affecting the residential lending industry, ensuring that all credit activities are compliant.
- Support legal, compliance, and audit peers to prepare for and address regulatory exams and audits as it relates to credit policy.
- Partner with Originations Underwriting leadership to ensure proper training and knowledge of the company’s credit policy, product parameters and underwriting guidelines across the underwriting team and sales teams as required.
- Partner with Underwriting leadership to develop, implement and continue enhancement of delegated underwriting and loan exception authority.
- Develop and manage a comprehensive loan exception policy, process, monitoring and coordinating with business partners to ensure timely, transparent and consistent decisions
- Foster a culture of credit risk awareness, collaboration, and continuous refinement across collaborators
- Establish and manage exception and scenario desk team members team
Requirements
- Bachelor’s degree in Finance, Business Administration, Economics, or a related field (Master’s degree preferred).
- Minimum of 15 years of experience in credit risk management, lending, or underwriting in a residential lending or banking environment.
- Proven leadership experience in developing credit policy and underwriting guidelines
- Deep knowledge of residential lending products, including conventional, FHA, VA, and government-backed loans as well as non-agency products such as Jumbo Prime, 2nd lien products, Non-QM, DSCR, residential transition loans and Reverse mortgage loans
- Proven ability to support complex non-agency products from a credit policy background
- Familiarity with regulatory frameworks such as RESPA, TILA, HMDA, and fair lending regulations.
- Strong analytical, problem-solving, and decision-making abilities.
- Exceptional communication skills, both written and verbal, with the ability to interact with senior executives and regulatory bodies independently.
- Proven ability to influence peer to peer efficiently and work cross functionally across an organization
- Prior experience establishing a Credit Policy function or department highly regarded.
- Proficiency in risk management software and tools, as well as Microsoft Office Suite (Excel, PowerPoint, Word).
- Ability to balance strategic goals with operational realities while managing risk.
- Excellent leadership and team management abilities.
Benefits
- medical, dental and vision
- up to 3% match on 401(k) contributions
- generous paid time off
- company-paid life, accident and disability coverage
- programs for mental, physical and financial wellness
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
credit risk managementunderwriting guidelinescredit policy developmentresidential lending productsFHA loansVA loansgovernment-backed loansnon-agency productsrisk management
Soft skills
analytical skillsproblem-solvingdecision-makingcommunication skillsinfluencing skillsteam managementcollaborationleadership