VP, Mortgage Warehouse Lending at Cenlar in Yardley, Pennsylvania

Job Description:

The VP, Mortgage Warehouse Lending oversees the Bank's Mortgage Finance Lending operations, including revolving credit, MSR financing, and servicing advance financing programs. This role is responsible for developing and executing strategies to expand the Mortgage Finance lending portfolio while ensuring strong credit quality and profitability. As a key leader, the VP ensures that the Mortgage Finance lending programs are effectively managed from both operational and risk perspectives, aligning with the Bank's strategic goals to drive long-term growth, profitability, and shareholder value. This position reports directly to the Chief Banking and Capital Markets Officer.



Responsibilities:

• Leads and manages the Bank's daily warehouse lending operations to achieve strategic goals, drive long-term growth, profitability, and shareholder value.


• Develops and executes strategies to expand the warehouse lending portfolio while maintaining prudent risk management practices and compliance with regulatory requirements and internal policies.


• Oversees the operations of credit, MSR financing, and servicing advance financing programs.


• Partners with other financial institutions to facilitate lending participations, ensuring effective collaboration and alignment with the Bank's strategic objectives and risk management practices.


• Builds and nurtures relationships with existing and prospective mortgage originator clients.


• Structures complex warehouse lending facilities that balance client needs with the Bank's risk management priorities.


• Analyzes market trends to identify opportunities and challenges within the mortgage banking industry.


• Manage the credit approval process for warehouse lending facilities by evaluating client financials, business models, and risk profiles.


• Collaborates with Risk, Legal, Compliance, and Operations teams to ensure effective controls are in place.


• Monitors portfolio performance through detailed ageing reports, exception reports, and profitability analyses, identifying and addressing areas of concern.


• Prepares and delivers comprehensive reports on the warehouse lending portfolio to senior management and stakeholders.


• Stays informed on industry trends, regulatory updates, and best practices impacting warehouse lending operations.


• Fosters a culture of innovation, collaboration, and accountability within the organization.


• Assesses and manages risks in business decision-making, ensuring compliance with laws, regulations, policies, and the Bank's risk appetite statement while maintaining ethical business practices.


• Leads performance management and professional development initiatives for team members to enhance operational effectiveness and accountability.


• Appropriately assesses risk when business decisions are made, including but not limited to compliance and operational risk. Demonstrate consideration for Cenlar's reputation as well as our clients, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.


• Ensures all activities are in accordance with Cenlar's approved risk appetite statement and applicable compliance and regulatory requirements.

• Bachelor's degree in Finance, Business Administration, Economics, or related field


• 12+ years of experience in warehouse lending, mortgage banking, or related financial services


• 5+ years of management experience leading teams in a financial services environment


• Comprehensive understanding of mortgage origination processes, secondary market operations, warehouse lending principles, and mortgage servicing rights (MSR) valuation and financing


• Strong knowledge of mortgage regulations including TILA, RESPA, HMDA, and GSE requirements


• Demonstrated experience in credit analysis and risk management for mortgage originators


• Must have experience implementing or building a mortgage warehouse system within an enterprise framework.


• Ability to think strategically and execute tactically


• Knowledge of financial analysis software and tools


• Excellent analytical and mathematical skills


• Excellent problem-solving and decision-making abilities


• Exceptional communication and interpersonal skills


• Ability to use strong reasoning and problem-solving skills to develop mutually acceptable solutions


• Ability to work in a fast-paced, dynamic environment with a hands-on approach to work


• Present complex topics and credible challenge to stakeholders in a persuasive manner


• Unassailable ethics, personal values, and integrity


• Results and learning oriented; continuously striving to improve and evolve self, team, and others


• Ability to plan strategically as it relates to business unit responsibilities


• Proven ability to lead and motivate teams supporting complex businesses in a matrixed environment