Senior Vice President

The Federal Savings Bank

$250K — $300K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in mortgage sales, with 5+ years in a leadership role
  • Proven record driving sales growth of $200-$400 million annually
  • Personal production of 1-2 loans per month
  • In-depth knowledge of mortgage lending processes and regulations
  • Strong track record in progressive sales leadership
  • Exceptional analytical and problem-solving skills
  • Proficient with mortgage lending software, preferably Encompass/Blend

Responsibilities

  • Recruit, mentor, and develop a high-performing sales team
  • Manage daily operations and sales for the team
  • Establish and manage a sustainable team budget
  • Collaborate with corporate staff to enhance loan originator performance
  • Identify and pursue new business opportunities
  • Maintain relationships with consumers, partners, and colleagues
  • Drive innovation in sales processes and technologies

Benefits

  • 401k, medical, dental, and vision insurance plans
  • Extremely competitive commission and compensation plans
  • On-site operations support available
  • Access to a wide range of loan products
Full Job Description
Job Type

Full-time

Description

We are currently seeking an experienced, high-energy, and motivated Senior Vice President to join our team. The role of a producing Senior Vice President is indeed a significant one, which requires proficient strategic thinking to drive sales excellence and deliver predictable results.

What to Expect
  • Experienced and highly trained operations staff for Processing, Underwriting, Closing and Post Closing (ALL 100% IN HOUSE). On-site operations support available in most loan production offices.
  • Loan products for every scenario: FHA/VA, Conventional, USDA, Jumbo, 203k and Renovation, Condos/Co-ops, Multi-Family, Commercial, Personal Lending and more
  • Strong Secondary Department with 40+ investor relationships. We are a direct seller/servicer to Fannie Mae, Freddie Mac and Ginnie Mae.
  • 401k, Medical, Dental, and Vision insurance plans available.
  • Extremely competitive commission and compensation plans.

What You'll Do
  • Recruiting, mentoring, and developing a successful team that not only meets but exceeds expectations in customer service, production goals, and community reputation.
  • Managing the day-to-day sales organization of the team that you build.
  • Playing a crucial role in establishing and managing the team budget to ensure profitability, growth, and sustainability.
  • Working closely with corporate staff to monitor, optimize, and improve the performance of Loan Originators.
  • Identifying and pursuing new business opportunities and partnerships to expand the company's market presence and revenue streams will be a key part of your responsibilities.
  • Developing and maintaining lifelong relationships with consumers, business partners, and colleagues are paramount for this role.
  • Driving innovation in sales processes, methodologies, and technologies to enhance efficiency will also be a priority.


Requirements

What You'll Bring
  • 10 years in mortgage sales, with at least 5 years in a leadership role.
  • A proven record in driving sales growth between $200 to $400 million per year in team production is essential.
  • Personal production of 1-2 loans per month
  • In-depth knowledge of mortgage lending processes, regulations, and compliance requirements.
  • A strong track record of success in sales leadership roles with progressively increasing levels of responsibility.
  • Strong leadership and interpersonal skills.
  • Ability to inspire and motivate team members.
  • Excellent analytical and problem-solving abilities.
  • Strategic mindset, and attention to detail.
  • Exceptional communication skills, both verbal and written, are necessary to effectively interact with stakeholders at all levels.
  • Proficiency in mortgage lending software (Encompass/Blend) and technology platforms such as Total Expert or a similar CRM is a plus.

Outside Sales Compensation

This position is 100% commission and those hired are eligible to earn monthly commissions that are based upon a percentage, 50-200 basis points (0.50%-2.00%), of funded loan volume. Total volume funded is based on individual production and performance. There is no cap on commissions.

For more information please contact:

SARAH HELTON, Vice President of Business Development

Phone: 847-977-1858

Email: [email protected]

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