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Boston, Massachusetts - USD Full Time Posted: Sunday, 13 August 2017
 
 
The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 440 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary

The Credit Products Manager primary responsibility is to represent the Credit function in the Bank's Mortgage Partnership Finance (MPF) program. This is an individual contributor role. The successful candidate will be a strategic thinker who can bring fresh perspectives with experiences in mortgage loan underwriting, quality control, servicing and credit risk management. The position is ideally suited for someone who can manage the risk profile with a solution-orientated approach.

Travel (up to 20% is expected) is required for this role, across New England. The New England region is split with a colleague and the incumbent will be partnered up with a MPF Sales Manager.

Note: A cover letter is required for a complete application.

Specific Responsibilities

. Provide credit leadership and work collaboratively and pro-actively with stakeholders to ensure a seamless operation to support the Bank's MPF Program.

. Responsible for owning and acting on credit procedures in accordance with MPF Guides including quality control of loan files and the documentation of credit actions.

. Manage daily credit workflow; evaluate business requests and articulate underwriting/credit decisions, credit processes and knowledge to Member Services, MPF Operations, management and to members who are Participating Financial Institutions (PFIs).

. Escalate material credit exceptions to management and work with stakeholders to provide risk mitigation solutions.

. Provide feedback loop to stakeholders including management thru updates and reporting.

. Periodically review credit process flows/procedures and identify opportunities to optimize; work with the Director of Credit on credit policy developments and best practices.

. Conduct periodic visits to selected PFIs for loan reviews and training.

. Other duties and projects, as assigned.

Education

. Bachelors degree required.

. Masters degree preferred, preferably in finance, accounting, business administration, or real estate related field.

Experience

. 10 - 15 years of relevant experience in mortgage origination, quality control, underwriting, servicing and business development with lending institutions, GSEs, mortgage insurance companies or mortgage consulting firms.

. Current expertise in both primary and secondary markets, especially Fannie Mae and Freddie Mac originations, servicing, underwriting, quality control and documentation standards.

. Experience with industry credit risk management practices for residential mortgage loans including loan underwriting.

. Familiarity with the Bank's MPF Program would be beneficial, but is not required.

Knowledge/Skills

. Proactive self-starter who can work independently with the guidance of the Director of Credit, and the ability to tease out key issues in complex problems.

. Ability to establish rapport and develop effective working relationships with internal and external customers.

. Demonstrated knowledge in mortgage credit underwriting, loan file reviews, quality and servicing controls.

. Clear and concise written and verbal communication skills.

. Proficiency in Microsoft Excel, Word and database programs is required. Experience working with credit valuation models is a plus.

. Valid, current driver's license is required for business travel.Overnight travel is required for this role.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities that we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran status and sexual orientation.

Applications are currently being accepted on our website:

Posted by StartWire



Boston, Massachusetts, United States of America
Finance
USD
Federal Home Loan Bank of Boston
Federal Home Loan Bank of Boston
JS2124_39AC7A384005D9E6406C281F86EE3DBC_228_I/257168621
8/13/2017 5:09:15 AM

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