Phelps County Bank ยท 17 hours ago
Director of Loan Operations
Phelps County Bank is a financial institution seeking a Director of Loan Operations to oversee the recruitment, hiring, and management of a loan operations team. This role ensures that staff are well-equipped to process and service loans while adhering to compliance regulations and meeting production goals.
Responsibilities
Identifying support staff, participating in interviews, and leading hiring decisions to maintain adequate staffing levels
Evaluating loan support staff performance based on key metrics like loan volume, quality, and compliance, providing feedback, and coaching for improvement
Addressing employee concerns, resolving conflicts, and maintaining a positive work environment within the loan team
Creating and managing staff schedules to optimize productivity and meet customer demand
Overseeing development of training programs to ensure loan staff are proficient in loan processes, compliance regulations, and new product offerings
Monitoring loan team activities to ensure adherence to all relevant documentation standards, state and federal lending regulations, and internal policies while managing data integrity within loan systems and ensuring accuracy of loan bookings
Preparing and reviewing reports and facilitating collection of documentation for audits
Strong project management skills for identification and implementation of lending strategies and platforms
Tracking key performance indicators (KPIs) related to loan origination, servicing, and staff productivity, generating reports for management
Acting as a point of contact to resolve operational issues related to loan payments, account discrepancies, and other loan servicing problems
Working with other bank departments to ensure efficient workflow and positive working relationships across the organization
Qualification
Required
At least 7 years in banking, with detailed knowledge of residential, commercial, consumer, and leasing loan products
Minimum 5 years managing other groups of managers within loan operations
Proven leadership with large scale loan operations and guiding strategic initiatives
High school diploma or general education degree (GED)
Strong understanding of loan origination and servicing processes, including regulations and compliance requirements
Proven experience in recruitment, selection, and onboarding of loan officers
Excellent communication and interpersonal skills to effectively coach and mentor staff
Leadership abilities to motivate and manage a team towards achieving goals
Analytical skills to interpret performance data and identify areas for improvement
Knowledge of relevant software systems used in loan operations
Preferred
Bachelor's degree in business administration, Finance, Accounting, or related field
Or equivalent combination of education and experience
Company
Phelps County Bank
Phelps County Bank provides financial and banking services.
Funding
Current Stage
Growth StageRecent News
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