Loan Operations Manager – Job #22-07

About First Federal Savings & Loan Association Of McMinnville

First Federal is a $640 million dollar Mutual Savings Bank, owned by our loan and deposit customers, not shareholders. We celebrate 100 years of service to our communities in 2022 and contributing to the vitality of Yamhill County was our reason for forming in 1922 and remains our key focus in 2022.

Headquartered in McMinnville, Oregon we operate six full service branches offering consumer lending, residential mortgage lending, commercial lending and both personal and business accounts and services.

In 2022 we will provide over $200,000 in financial support to over 300 nonprofit organizations in Yamhill County and in recognition of this longstanding community support we have earned the Portland Business Journal’s Corporate Philanthropy Award for each of the past 12 years.

Position Summary

• Under the general direction of the Chief Credit Officer the Loan Operations Manager is responsible for oversight of the loan processing functions to include loan documentation, third party contract negotiations and management/preparation of collateral files in accordance with credit policy and established operating procedures.
• Provides guidance, leadership and development of the loan servicing team.
• Functions as the loan compliance officer for the Bank with the exclusion of CRA activities. A thorough knowledge of regulatory compliance for lending programs is required.
• Produces management reports, including audit, loan production, servicing, accounting, month end, ALCO and rate indicator.
• Participates actively in internal, external and regulatory audits and examinations.
• Possesses a thorough understanding of all consumer, residential Mortgage, commercial and commercial real estate lending programs, policies and regulations.
• Incumbent will typically manage between 5 and 10 employees. Interviews, hires, and directs all relevant job positions within the team. Conducts disciplinary interviews and assists HR in the preparation of written documentation when necessary. Manages department morale, prepares written performance reviews, coaches, trains and motivates staff.

Minimum Job Requirements

• Bachelor’s degree in business, finance or related field; and/or a minimum of five years of current and progressive experience within a loan operations support team, at least two of which are in a leadership position.
• Requires thorough knowledge of loan origination, processing and closing duties, policies and lending compliance programs.
• Proficient in the use of Microsoft Office applications and various company systems.
• Excellent written and verbal communications skills.
• Effective delegation skills.
• Effective interpersonal skills to relate to a variety of managers, executives, directors, customers, and employees; public relations skills; tact, diplomacy, and patience.
• Experience in all operational aspects of loan support, as well as all bank products, services, policies, and procedures.
• Demonstrated effective time management and organizational skills.
• Ability to work on several projects simultaneously and with a variety of employees, managers, executives, etc. Ability to work under pressure with constant interruptions.
• Notary Public (or be able to obtain)
• Licensing Requirements: Will be required to 1) register with the Nationwide Mortgage Licensing System & Registry and complete a MU4R filing notice, 2) to provide fingerprints and 3) to authorize a criminal background screen through the Registry in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). First Federal will facilitate the individual registration and pay all applicable registration fees.

Pre-Employment Requirements: The position for which you are applying is one that will have access to financial transactions or confidential customer financial information. As a result the following pre-employment background screens are required.

• Pre-employment drug screen
• Consumer credit report

Deadline for Application: Open until filled.

• First Federal is an Equal Opportunity Employer and Affirmative Action Employer committed to a diverse workforce. First Federal is an E-Verify Employer. Please contact Human Resources at 503-435-3216 should you need assistance completing the application for employment.