LBS Financial Credit Union

Residential Lending Manager

LBS Financial Credit Union  •  $99k - $123k/yr  •  Westminster, CA (Onsite)  •  4 hours ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

About the Role:

The Residential Lending Manager plays a pivotal role in overseeing and driving the residential mortgage lending operations within the organization. This position is responsible for managing a team of loan officers and support staff to ensure the efficient processing, underwriting, and closing of residential loan applications. The manager will develop and implement lending strategies that align with regulatory requirements and company goals, while maintaining high standards of customer service and compliance. They will also analyze market trends and customer needs to optimize loan product offerings and enhance business growth. Ultimately, the Residential Lending Manager ensures that lending activities contribute to the financial success of the institution while fostering strong relationships with clients and partners.

Minimum Qualifications:

  • Bachelor’s degree in Finance, Business Administration, or a related field.
  • Minimum of 5 years of experience in residential mortgage lending, including at least 2 years in a supervisory or management role.
  • Comprehensive knowledge of residential mortgage products, underwriting guidelines, and regulatory compliance requirements.
  • Strong understanding of loan origination systems and mortgage software platforms.
  • Excellent communication, leadership, and organizational skills.

Preferred Qualifications:

  • Master’s degree in Business Administration or Finance.
  • Experience working with secondary mortgage market transactions and investor guidelines.
  • Professional certifications such as Certified Mortgage Banker (CMB) or similar credentials.
  • Proven track record of successfully managing high-performing lending teams in a competitive market.
  • Familiarity with federal and state lending regulations, including RESPA, TILA, and HMDA.

Responsibilities:

  • Lead, mentor, and manage a team of residential loan officers and support personnel to achieve departmental goals and maintain high performance standards.
  • Oversee the end-to-end residential loan process, including application intake, underwriting, approval, and closing, ensuring compliance with all regulatory and company policies.
  • Develop and implement strategies to increase loan volume, improve customer satisfaction, and reduce loan processing times.
  • Collaborate with sales, marketing, and compliance teams to align lending products with market demands and regulatory requirements.
  • Monitor loan portfolio performance, prepare reports for senior management, and recommend improvements to lending practices and policies.

BENEFITS & TOTAL REWARDS

  • Medical, Dental, and Vision 100% employee-only plans paid by LBS
  • 12 Paid Holidays, 3 weeks PTO, and Sick Time
  • Defined Benefit Pension Plan
  • 401(k) and Roth(k) Retirement Plans
  • Insurance: Life, AD&D, LTD
  • Critical Illness, Accident Insurance, and Hospital Indemnity
  • Educational Reimbursement
  • Paid Volunteer hours
  • Loan discounts and free branch services
  • Discount entertainment: movie tickets, travel, car rentals, and much more
  • Wellness Benefits starts 1st of the month following 30 days of employment

PAY RANGE

In accordance with California’s Pay Transparency Act, the expected salary range for this position is between:

$98,551.00 - $123,189

Actual pay will be determined based on a candidate’s specific qualifications, including their knowledge, skills, education and experience, internal equity consideration, as well as other job-related factors permitted by law.

External Candidates: As part of our screening process, LBS Financial conducts background investigations on candidates who are extended an offer and who agree and authorize us to do so. This investigation will include:

  • Employment Verifications - Employment Dates & Job Titles
  • Credit Report
  • Criminal Records Search
  • Social Security Search
  • Governmental Registries Search

Additionally, candidates must be eligible to be bonded through a fidelity bond to cover employee loss and risk.

Internal Candidates: As an Employer of Choice, LBS Financial strives to support our employees’ career growth and encourage employees to apply for job opportunities for which they believe they are qualified. The Credit Union may interview outside as well as internal candidates.

For additional information about our Credit Union and to apply for this opportunity, please visit our website at www.lbsfcu.org/careers Equal Opportunity Employer.

LBS Financial Credit Union

About LBS Financial Credit Union

LBS Financial Credit Union was established in 1935 as the Long Beach School District Employees Federal Credit Union. Originally, the Credit Union served employees of local school districts and colleges and select local businesses. Today, those groups are still eligible for Membership in addition to anyone who lives or works in fifty cities surrounding the greater Long Beach area, Riverside County, San Bernardino County, Orange County and San Diego County. The Credit Union currently serves over 140,000 Members and has over $2 billion in total assets.

As a not-for-profit financial institution, LBS Financial is owned by its Membership. The Credit Union's profits are returned to the Membership in the way of competitive rates, low fees and improved services. The Credit Union's Board of Directors are all volunteers and also Members of the Credit Union. Because of its structure, LBS Financial can continue to focus on the needs of our Members first and foremost (we report to our Members - not stockholders).

LBS Financial is committed to serving the local area, focused on connecting families, neighbors, and our community with paths to success. It’s through a shared purpose and common goals that we connect with our Members while providing access and direction to make their financial dreams a reality. We work hard to always do what’s right for our Members. Our Members enjoy outstanding value in their day-to-day banking at LBS Financial through our competitive rates, low fees, and convenient account access. The Credit Union is also dedicated to making an impact in the community through employee volunteerism and local support for groups with an emphasis on public education or improving our local environment, and the well-being of our community.

Industry
Finance & Insurance
Company Size
51-200 employees
Headquarters
Long Beach, CA
Year Founded
1935
Social Media