Mortgage Credit Manager jobs in Trenton, NJ

Mortgage Credit Manager manages a group of mortgage credit supervisors and monitors application procedures to ensure assignments meet established processes/standards. Oversees analysis of current, new and renewed residential loans. Being a Mortgage Credit Manager provides recommendations for improvement to top management. Requires a bachelor's degree. Additionally, Mortgage Credit Manager typically reports to head of a unit/department. The Mortgage Credit Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Mortgage Credit Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)

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Credit Manager
  • Penn Community Bank
  • Bristol, PA OTHER
  • Overview

    Perform accurate and efficient detailed analysis of the most complex commercial credits.  Accountable for the consistent application of credit policy, credit quality, and management of the Credit Administration workflow (pipeline). The Credit Manager will provide exceptional credit support to the Commercial Lending team and may lead a team of assigned Credit Analysts. The Credit Manager will have Credit Approval authority as granted by Penn Community Bank Lending Policy.

    Responsibilities

    Essential Functions

    The following is a list of essential functions, which may be subject to change at any time and without advance notice. Management may assign new duties, reassign existing duties, or eliminate a function.

    • Manage assigned team of Credit Analyst to support credit requests in conformity with the bank’s policies and service level agreements, and to ensure the highest level of service.
    • Ongoing development and training of Credit Portfolio Managers and Credit Analysts, including the onboarding and training of new Bank employees
    • Review work of others to ensure relevant, concise and accurate analysis.
    • Organize and lead regular team meetings with analysts, lenders and loan administrators.
    • Manage and assign departmental workflows to ensure the timely and accurate processing of new loan requests, reviews, renewals, and other underwriting requests.
    • Work with Credit Officer and CCO to ensure consistent and accurate credit analysis, including:
      • Prepare financial statement spreads and perform comprehensive analysis of repayment sources
      • Evaluate individual personal financial statements, tax returns, and prepare global cash flows
      • Verify compliance with credit policy, applicable regulations and lending procedures 
      • Conduct industry and market analysis to identify risks and risk mitigating factors
    • Prepare and review analyses of complex loan requests and conduct a final assessment of the financial analyses and presentations before review and approval.
    • Work with lenders to meet Service Level Agreements and respond to customer requests.
    • Special projects as assigned, including working with CCO and providing support to the Special Assets Group in managing the workout portfolio to help ensure maximum recovery in workout situations.
    • When appropriate, recommend actions such as approval, structural change, or decline.
    • Credit Approval Authority as may be granted by Lending Policy

    Compliance

    • Comply with all applicable regulations and Bank policies regarding employment and employment law.
    • Participate in annual compliance and other job-related training.
    • Comply with applicable bank regulations, Bank policies and procedures.
    • Comply with Bank’s internal privacy and ethics standards.

    Relationships and Contacts

    Internal: Daily contact with credit analysts, commercial lenders, CCO, CLO and loan administrative assistants; Frequent contact with special assets group as assigned.

    External: Frequent contact with borrowers, accountants and loan review.

    Qualifications

    Education and Experience

    • BA or BS in Accounting, Finance, Economics or related field required
    • Minimum of 5 years’ experience in credit analysis, lending, portfolio management, risk review, or credit management; or an equivalent combination of education and experience is required.
    • Minimum 2 years’ experience training/mentoring other credit analysts preferred

     

    Skills and Competencies

    • Extensive experience in analyzing complex financial statements and tax returns.
    • Comprehensive knowledge of commercial banking, regulations, loan structure, and risk mitigation.
    • Extensive knowledge of collateral valuation methods and other repayment sources
    • Exceptional verbal and written communication skills.
    • Thorough knowledge of credit-related laws and best practices
    • In-depth knowledge of the Bank’s credit policy, products and services
    • Proficiency with Microsoft Office and an ability to quickly master bank’s technology and systems.
    • Good time management skills and the ability to multi-task and prioritize assignments
    • Ability to remain calm and efficient under pressure in order to meet job requirements and deadlines
    • Strong problem-solving and analytical skills
    • Ability to communicate professionally both verbally and in writing
    • Ability to supervise and manage Team Members effectively
  • 1 Month Ago

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Manager - Credit Entitlement
  • Clearway Energy
  • Princeton, NJ FULL_TIME
  • What The Role Is This newly established position will preside over the management and verification function for Clearway to claim tax credits under the Inflation Reduction Act ("IRA"). Specifically, t...
  • 12 Days Ago

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Credit and Collections Manager
  • Healthcare Services Group, Inc.
  • Bensalem, PA OTHER
  • Additional Information Position Title: Credit and Collections Manager (Financial Service Manager) Department: Financial Services/ Revenue Reports To: Senior VP of Financial Services Status: Exempt/ Fu...
  • 2 Months Ago

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Indirect Relationship Manager
  • CREDIT UNION OF NJ A FEDERAL CREDIT UNION
  • Ewing, NJ FULL_TIME
  • Why Work for Us At Credit Union of New Jersey, you'll find a member-centric culture built around helping our members and giving back to our community. When you join our team, you are part of a support...
  • 13 Days Ago

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External Mortgage Loan Originator
  • First Heritage Mortgage Services
  • Trevose, PA FULL_TIME
  • First Heritage Mortgage Services is a full-service mortgage banking company with over 15 years of experience in mortgage origination, processing and servicing. Our experienced mortgage professionals d...
  • 1 Month Ago

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Multifamily Mortgage Processor
  • New Jersey Housing and Mortgage Finance Agency
  • Trenton, NJ FULL_TIME
  • THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING: Job Title: Multifamily Mortgage Processor Issue Date: 2/2...
  • 14 Days Ago

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0 Mortgage Credit Manager jobs found in Trenton, NJ area

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Sales Assistant
  • NVR, Inc.
  • Trenton, NJ
  • NVR has been helping families build their happily ever after since 1948. As a Top 5 US homebuilder, we're committed to q...
  • 3/18/2024 12:00:00 AM

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Specialist, Cashiering Reverse Servicing
  • Ocwen Financial Corporation
  • Mount Laurel, NJ
  • **Specialist, Cashiering Reverse Servicing** Location: Mount Laurel, NJ, United States Job ID: 1002772 Company: PHH Mort...
  • 3/18/2024 12:00:00 AM

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UNDERWRITER, HIL
  • Lakeview Loan Servicing
  • Horsham, PA
  • Overview: Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer cred...
  • 3/18/2024 12:00:00 AM

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Part-Time Member Experience Advisor (Bridge Street)
  • American Heritage Credit Union
  • Philadelphia, PA
  • American Heritage Credit Union, a $4.6+ billion financial institution has an immediate opening for a Part-Time Member Ex...
  • 3/17/2024 12:00:00 AM

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Mortgage Banker - Philadelphia
  • The Federal Savings Bank
  • Philadelphia, PA
  • At The Federal Savings Bank, we understand that doing well by our customers allows us to do good for our own families. O...
  • 3/15/2024 12:00:00 AM

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Commercial Banking Relationship Manager
  • WSFS Bank
  • Philadelphia, PA
  • Job Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their finan...
  • 3/15/2024 12:00:00 AM

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Citizens Banker
  • Citizens
  • Philadelphia, PA
  • Description Starting Salary: $20 / hour and up Citizens Bankers are the face of the branch. They devote their time getti...
  • 3/15/2024 12:00:00 AM

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Accounting Manager
  • Stern & Eisenberg PC
  • Warrington, PA
  • Job Description Job Description Our firm specializes in the mortgage industries (Bankruptcy, Foreclosure, and Evictions)...
  • 3/14/2024 12:00:00 AM

According to the United States Census Bureau, the city had a total area of 8.155 square miles (21.122 km2), including 7.648 square miles (19.809 km2) of land and 0.507 square mile (1.313 km2) of water (6.21%). Several bridges across the Delaware River – the Trenton–Morrisville Toll Bridge, Lower Trenton Bridge and Calhoun Street Bridge – connect Trenton to Morrisville, Pennsylvania, all of which are operated by the Delaware River Joint Toll Bridge Commission. Trenton is located near the exact geographic center of the state, which is 5 miles (8.0 km) located southeast of Trenton. The city is so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Credit Manager jobs
$95,463 to $161,578
Trenton, New Jersey area prices
were up 1.5% from a year ago

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