Operational Risk Coordinator

A new face in the industry, LownHome, is in search of an Operational Risk Coordinator.  We are looking for someone who loves to support production in resolving issues and getting loans funded while keeping an eye on credit, compliance and operational risk. Does this sound like you? 

 

Let?s talk about us:  LownHome was founded in 2006 by a group of industry experts and a strong Wall Street partner.  We are a fun-lovin? company headquartered in San Jose, California and running a Regional Operating Center in Pittsburgh, Pennsylvania, Baltimore, Maryland and soon Portland, Oregon. Our goal is to make the wholesale lending experience simple, efficient and enjoyable for brokers, borrowers and us! We have developed a lending process that combines technology with a proactive and experienced LIVE support team. To the benefit of the broker and borrower, we are focused on specific products that we are able to deliver quickly and economically. 

 

Let?s talk about you: We are looking for an experienced and energetic mortgage professional who is committed to supporting a dynamic production team in several diverse and critical risk management functions. You will enjoy active collaboration with subject matter expert vendors and internal resources in the pursuit of creating the technology and processes that simplify the lending process and effectively manage risk. Your responsibilities will include but are not limited to: Broker and Appraiser approval process; support of the state licensing and exam processes; coordination of system enhancements including testing and training; coordination of prioritization of technology resource deployment; and support of new product / product enhancement deployment.  

 

Essential Duties / Responsibilities

? Broker and Appraiser Approval (40% Time Allocation) ? Manage the initial approval of all new Brokers and Appraisers and administer the ongoing monitoring and evaluation of the approved Brokers and Appraisers. 

o Manage the initial approval of the Brokers and Appraisers which includes evaluating the TPR reports, obtaining the signed Broker Agreements and establishing broker / appraiser files.

o Establish and maintain an ongoing monitoring and maintenance program for brokers and appraiser which will include a broker scorecard and reporting process.  Analyze loan data and vendor provided data to make recommendations regarding broker and appraiser approved status.

o Maintain a current and accurate approved Broker and Appraiser list

? State Licensing and Exam Support (40% Time Allocation) ? Work with the Senior Compliance Officer in the application / renewal of state licenses and the administration of state exams. 

o Coordinate the collection of documentation for state licensing.

o Perform necessary follow up with states and attorney on license applications.

o Coordinate the collection of documentation for state exams as well as support the coordination of resources and site visits during the exams.

? Coordination of System Enhancements / Implementations and Product Development (20% Time Allocation) ? Work with vendors and internal subject matter experts to coordinate the successful implementation of new or enhanced technology solutions and new / enhanced products.

o  Coordination of vendors and subject matter experts for development of technology and process solutions as well as new or enhanced products.

o  Administration of technology implementation / enhancement prioritization

o  Participate in the testing and trouble shooting of technology enhancements and implementations as well as new or enhanced products.