Managing Director, Residential Lending

Company: First Foundation Inc
Location: Irvine
Posted on: August 3, 2022

Job Description:

Summary: This position is responsible for the management, direction, and oversight of the Single-Family Residential / Consumer Lending Production Department. This position reports to the Chief Lending Officer and is responsible for directing the single-family residential / consumer loan production program; assessing loan inquiries, pricing, credit structure, financial analysis, and reviewing/approving loan pricing exception requests; pipeline reporting/forecasting; administering the Single Family Residential Lending incentive plans, and coordinating with the loan portfolio management and compliance teams.
Duties and Responsibilities:
Understands and complies with requirements of all laws and regulations applicable to the position
Responsible for directing the Single Family Residential / Consumer Lending production team with regulatory and compliance issues and training programs as needed for staff development
Responsible and accountable for adherence to institutions policies and procedures
Responsible for tracking and monitoring the single-family residential / consumer loan pipeline for accurate reporting/forecasting to management
Monitor the Single Family Residential / Consumer loan programs, products, pricing, and delivery channel to ensure competitiveness, demand, growth, and asset quality with efficiency and profitability
Make decisions regarding Single Family Residential / Consumer loan pricing and structure within designated authority level, seekingsecondaryapproval as directed
Assist efforts to improve production through cross-selling and referral activities among all channels in the company
Work as a strong partner with Credit Administration, Asset Quality Review, Marketing, and Finance to expand and continuously improve the lending channel
Partner with Compliance and Risk to ensure compliance with all regulatory and internal audit requirements
Work closely with IT and outside development partners to ensure bank income property lending system is in place and support program needs, providing leadership as a liaison towards system development initiatives
Maintain institutional knowledge of leading competitors products, pricing, new technologies, and loan administration and credit underwriting practices
Monitors income property real estate industry trends and maintains current knowledge of the applicable market and industry developments resulting in strong asset quality of the Banks single-family residential / consumer loan portfolio
Perform other duties as assigned
Supervisory Responsibilities: This position has direct supervisory responsibilities
Qualifications:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience:
Bachelorsdegreein business, finance, or a related field required
Minimum of 10yearsof banking, compliance, and related single-family residential lending experience; minimum 10yearsof direct lending management experience in a financial institution single-family residential / consumer lending environment
Skills:
Must exhibit a solid awareness of current financial industry issues regarding single-family residential property lending, including pricing, credit structure, andsecondarymarketing execution
Must demonstrate strong and effective leadership abilities, interpersonal skills, effective problem solving and decision-making skills
Must demonstrate the ability to be instrumental in maintaining effective teamwork among both peers and subordinates
Must haveadvancedwritten and verbal communication skills and presentation skills
Must have a strong financial background and current working knowledge of evolving financial industry trends with knowledge of finance and information systems technology
First Foundation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.

Keywords: First Foundation Inc, Irvine , Managing Director, Residential Lending, Executive , Irvine, California