SVP, Mortgage Lending

As the nation's largest community credit union, we begin every day focused on delivering superior financial products and services for our 1.3 million members and more than $30 billion in managed assets. Our work has an economic impact as we support our members' financial goals. We are unapologetic about being devoted to our members and the communities we serve. Our business is guided by our people helping people philosophy – which includes our team members.

BECU has been in business for more than 85 years, driven by unwavering core values and a dedication to improving the communities we serve. While we have a rich history, the future of our company, accelerated by business and technology transformation, is even brighter. There's never been a better time to work for BECU.

To learn more visit becu.org/careers.

PAY RANGE

The Target Pay Range for this position is $280,000 - $380,000 annually. At BECU, compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer for employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

Benefits

Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company’s 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here.

IMPACT YOU’LL MAKE: As the Senior Vice President (SVP) of Mortgage Lending at BECU, you will play a pivotal role in shaping and executing the broad strategy for the mortgage business. The SVP of Mortgage Lending will have profit-and-loss responsibility for the mortgage business and will develop financial and business plans that are aligned with BECU’s annual goals and three-year strategic objectives. With direct responsibility for core mortgage operations, including sales and market development, underwriting, loan processing and servicing, you will coordinate across departments to drive credit, product, pricing, marketing, and delivery strategies to ensure growth and member engagement objectives are met. You will participate in corporate strategic planning activities, and as a member of the Asset and Liability Management (ALM) and Corporate Risk committees, the SVP of Mortgage Lending will contribute to key business decisions around risk and balance sheet management.

What You’ll Do

• Develop and Implement Effective Mortgage Lending Strategies: Shape strategies to meet loan production, product return, and portfolio quality targets.
• Create and Implement Overall Sales and Business Development Strategy: Lead a variety of teams to create and implement the sales and business development strategy for BECU’s Mortgage business.
• Enhance Productivity and Efficiency: Develop productivity and efficiency measures and develop and refine processes to deliver mortgage products to members in an efficient, timely, and quality manner.
• Identify, Measure, Monitor, and Control Mortgage Portfolio & Business Risks: Effectively manage mortgage portfolio risks in line with regulatory guidelines, in partnership with Enterprise Risk Management and Credit Risk Management. Develop and maintain policies and practices that effectively manage business risks within the scope of responsibilities.
• Direct Core Mortgage Operations: Direct (through a team of managers) the underwriting, loan processing, sales, business development, and loan servicing functions.
• Manage Mortgage/Credit Lending program: Manage BECU’s Mortgage credit/lending authority program and recommend to the Chief Lending Officer the appropriate granting of credit/lending authority within the organization.
• Strategize and Collaborate Across Divisions: Partner with various departments (Branch, Call Center marketing and Product Management) to develop and facilitate cross-divisional strategies to identify product enhancements, capture market opportunities, and deliver exceptional member experiences.
• Strengthen Business Partner Relationships: Select new and maintain existing business partner relationships contributing to the organization’s results while managing these relationships in line with BECU’s vendor management policies.
• Ensure Compliance and Budget Allocation: Safeguard all BECU’s mortgage lending policies and practices and maintain compliance with state and federal requirements. Develop and submit yearly operating plans and budgets, including staffing projections, for all areas of responsibility.
• Guide, Train, Mentor, Lead- Provide ongoing coaching, training, and mentoring to direct reports, to develop and encourage their performance. Ensure timely and accurate services are provided by providing managerial leadership, direction, and effective monitoring of performance. Establish departmental and individual goals and targets that are consistent with the operating plan.
• Communicate Effectively- Maintain effective communication with all Credit Union employees (internal customers) to ensure coordination and exchange of information for accomplishing Credit Union goals.
• Perform Additional Duties as assigned.
  
  

Qualifications

• Minimum Qualifications:
• Bachelor’s degree or equivalent experience.
• Minimum 12 years of people leader experience.
• Minimum ten years of mortgage experience, including leadership of large-scale mortgage loan fulfillment and servicing operations.
• Financial Industry experience.
• This job is remote or hybrid but requires you to reside in one of the following states: Washington, Oregon, Idaho, Arizona, Texas, Georgia, South Carolina.
• Ability to travel to headquarters as needed.
  
  

• Desired Qualifications:
• Preference given to Seattle area-based candidates.
• Advanced degree.
• Experience delivering mortgage products through retail branch network and retail, or consumer direct mortgage channels; experience in wholesale and correspondent channels.
• Experience in short range (one year) and long range (three to five years) planning.
• Experience in developing and executing strategies to build and sustain a purchase mortgage business.
• Excellent interpersonal, verbal, and written skills to effectively communicate at all levels.
• Deep financial acumen, critical thinking skills, project management, leadership, and negotiation skills.
• Deep working knowledge of state and federal regulatory compliance laws.
  

EEO Statement

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Salary : $280,000 - $380,000