Mortgage Operations Manager (Title Commensurate with Experience) - IL

Bankers' Bank; Elk Grove Village (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

Bankers' Bank in Illinois is seeking a Mortgage Operations Manager to lead day-to-day underwriting, processing and closing activities, ensuring regulatory compliance for investors and community banks.

The role provides operational leadership, budget oversight, and staff development, fostering risk management and delivering high-quality service through collaboration with auditors and regulators.

Qualifications

• Associate degree in accounting, finance, business or related field.
• Five or more years of residential mortgage underwriting, mortgage operations, secondary market lending, or related experience.
• Experience in management or supervisory roles within mortgage lending or financial services.

Responsibilities

• Lead day-to-day operations of the Mortgage department, including processing, underwriting and closing activities.
• Ensure compliance with regulatory and investor requirements and maintain high-quality customer service.
• Provide leadership, coaching and development for staff and manage department budgets.

Education

Associate degree in accounting, finance, business or related field

Job description

Bankers' Bank is a fast-growing, state-chartered financial institution with over $1.5 billion in assets dedicated to supporting community banks for more than 45 years. We deliver a full suite of correspondent banking and financial solutions, including leasing, commercial lending, bank holding company financing, payments, mortgage, investment and risk management services. Bankers' Bank has offices in Madison, WI, Des Moines, IA, Chicago, IL, Columbus, OH and Indianapolis, IN.

We are seeking a service-oriented Mortgage Operations Manager (Title Commensurate with Experience) to lead day-to-day operations of the Mortgage department, including loan processing, underwriting, and closing activities. This position provides operational leadership, ensures compliance with regulatory and investor requirements, and drives initiatives that support efficient, high-quality customer service to our community banks. This role serves as a key resource for underwriting expertise, policy development, and risk management while fostering operational excellence and service.

Leadership & Management:

• Provide leadership for the Mortgage Operations team including processing, underwriting and closing
• Develop innovative strategies to enhance performance of staff
• Produces and monitors an annual budget
• Ensures area has proper staffing, efficiencies and customer service satisfaction
• Provide training and cross-training for all positions under supervision
• Establish individual goals for staff to ensure overall department success
• Contributes to the strategic plan
• Executes department-related bank policies
• Direct supervision of staff through the entire employment lifecycle

Mortgage Operations:

• Manage all aspects of daily underwriting functions
• Direct communication with correspondent banks to ensure smooth, timely and efficient transactions
• Partner with audit, compliance and external regulators/auditors to ensure department compliance
• Assist in development of systems for implementation of new investors
• Liaison between investors, correspondent bank, and Bankers' Bank for related department issues
• Assist in the development and implementation of new products including product roll-out and corresponding bulletins and training materials

Administrative & Customer Service:

• Assist as back-up to other areas within the Mortgage department and all other duties as assigned.

Ideal candidate will possess an associate degree in accounting, finance, business or other related field or an equivalent combination of education and experience to perform the functions of the job. Five or more years of residential mortgage underwriting, mortgage operations, secondary market lending, or other related mortgage experience, including prior management or supervisory experience. Demonstrated experience leading, supervising, coaching, and developing employees, preferably within a mortgage lending or financial services environment.