Head of Residential Lending

Ives Bank; Danbury (CT); On-site; USD 150,000 - 210,000; Full time

Job summary

Ives Bank in Danbury, CT seeks a seasoned Head of Residential Lending to oversee the mortgage origination through post-closing processes. You will lead business development to reach annual production targets, ensure compliance with GAAP and SOX, and guide a team of lending professionals.

This role requires strong supervision, risk assessment, and deep knowledge of mortgage regulations to drive responsible growth.

Qualifications

• Excellent written and oral communication skills to interact with customers and our internal team.
• Proven high level management skills.
• Minimum of 5 years of experience in mortgage management or a similar role.
• Strong knowledge of mortgage lending practices, regulations, and industry standards.
• Familiarity with financial services software and systems.
• Excellent analytical skills with the ability to assess risk and make informed decisions.
• Strong understanding of GAAP principles and regulatory reporting requirements.
• Knowledge of SOX (Sarbanes-Oxley Act) compliance is preferred

Responsibilities

• Responsible for new business development and identifying strategic opportunities to grow mortgage lending.
• Oversight of the overall planning and development to ensure the bank’s annual consumer loan goals are met
• Responsible for meeting the goals set for portfolio and loan sale mix
• Develop overall strategies to achieve annual department goals other than production goals
• Meet annual requirements for FTHB seminars and mortgage days in all Ives Bank markets
• Audit and reviews results are less than two report findings per audit
• Audit and reviews are prepared and responses to audits occur within established timelines
• Ensure through lending process that loans are underwritten and approved following Ives Bank policies and procedures
• Maintain up to date knowledge of changing legislation so that Ives Bank complies with all state and federal compliance regulations
• Adheres to company policies and procedures on loans sold to investors ensuring they meet the investors guidelines
• Is aware of and complies with CRA guidelines and policies, ethics policy, and non-discrimination policy

Skills

Communication skills

Management skills

Analytical skills

GAAP knowledge

SOX compliance (preferred)

Job description

The Head of Residential Lending position is responsible for the management of the origination process through the post-closing process.

Key Responsibilities:

Business Development and Sales

• Responsible for new business development and identifying strategic opportunities to grow mortgage lending. Ensure achievement of annual mortgage production goals set by the bank for the year.
• Oversight of the overall planning and development to ensure the bank’s annual consumer loan goals are met
• Responsible for meeting the goals set for portfolio and loan sale mix
• Develop overall strategies to achieve annual department goals other than production goals

Audit

• Meet annual requirements for FTHB seminars and mortgage days in all Ives Bank markets
• Audit and reviews results are less than two report findings per audit
• Audit and reviews are prepared and responses to audits occur within established timelines

Policy and Procedure Management

• Ensure through lending process that loans are underwritten and approved following Ives Bank policies and procedures
• Maintain up to date knowledge of changing legislation so that Ives Bank complies with all state and federal compliance regulations
• Adheres to company policies and procedures on loans sold to investors ensuring they meet the investors guidelines
• Is aware of and complies with CRA guidelines and policies, ethics policy, and non-discrimination policy.

Educational and experience requirements include:

• Excellent written and oral communication skills to interact with customers and our internal team
• Proven high level management skills
• Minimum of 5 years of experience in mortgage management or a similar role
• Strong knowledge of mortgage lending practices, regulations, and industry standards
• Familiarity with financial services software and systems
• Excellent analytical skills with the ability to assess risk and make informed decisions
• Strong understanding of GAAP principles and regulatory reporting requirements
• Knowledge of SOX (Sarbanes-Oxley Act) compliance is preferred

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.