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Mortgage Risk Manager Jobs in Connecticut (NOW HIRING)

M&T Bank

Mortgage Originator

Bridgeport, CT · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

Mortgage Originator

Bridgeport, CT · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Mtb

Mortgage Originator

Bridgeport, CT · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Self Help

Mortgage Loan Officer

Manchester, CT · On-site

$63K - $95K/yr

LOAN MANAGEMENT/BORROWER ADVISEMENT * Meet with loan applicants to discuss viable mortgage options ... risk. Determines the maximum purchase price/loan amount based on borrower data. Approve or deny ...

Self Help

Mortgage Loan Officer

Manchester, CT · On-site

$63K - $95K/yr

LOAN MANAGEMENT/BORROWER ADVISEMENT * Meet with loan applicants to discuss viable mortgage options ... risk. Determines the maximum purchase price/loan amount based on borrower data. Approve or deny ...

M&T Bank

CRA Mortgage Originator

Bridgeport, CT · On-site

$31.72 - $52.86/hr

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Mtb

CRA Mortgage Originator

Bridgeport, CT · On-site

$31.72 - $52.86/hr

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

CRA Mortgage Originator

Bridgeport, CT · On-site

$31.72 - $52.86/hr

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

The Hartford

CMBS Sector Head

Hartford, CT · Hybrid

... Mortgage-Backed Securities (CMBS) investment activities of the firm. The Sector Head will be ... risk management, surveillance, and performance of CMBS investments across multiple client mandates.

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Mortgage Risk Manager information

What does a mortgage risk manager do?

A Mortgage Risk Manager is responsible for identifying, assessing, and mitigating risks associated with mortgage lending within a financial institution. They analyze credit, market, and operational risks to ensure loans are compliant with regulations and company policies. Their role includes developing risk assessment models, monitoring loan portfolios, and implementing strategies to reduce potential losses. Additionally, they often collaborate with underwriters, compliance teams, and senior management to maintain the financial health of the mortgage business.

What are the key skills and qualifications needed to thrive as a mortgage risk manager?

To thrive as a Mortgage Risk Manager, you need a solid background in finance, risk assessment, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with risk modeling software, loan origination systems, and certifications such as FRM or CFA are commonly required. Analytical thinking, attention to detail, and strong communication help you excel at evaluating loan portfolios and collaborating with cross-functional teams. These skills ensure prudent risk management, regulatory adherence, and the financial stability of mortgage lending operations.

What are some common challenges faced by mortgage risk managers, and how can they be addressed?

Mortgage Risk Managers often encounter challenges such as assessing the creditworthiness of borrowers in a fluctuating market, keeping up with evolving regulatory requirements, and mitigating risks associated with loan defaults. To address these, professionals need to stay updated on industry regulations, leverage advanced data analytics tools, and work closely with underwriting and compliance teams. Proactive communication and ongoing training are also essential to navigate changes and ensure robust risk management practices.

What is the difference between Mortgage Risk Manager vs Mortgage Underwriter?

AspectMortgage Risk ManagerMortgage Underwriter
Primary RoleAssess and manage overall mortgage risk, develop risk policiesEvaluate individual loan applications for approval
Required CredentialsTypically requires risk management certifications, finance or related degreesOften requires mortgage licensing, underwriting certifications
Work EnvironmentCorporate offices, risk departments, financial institutionsLoan processing centers, banks, mortgage companies
Industry UsageUsed by lenders to mitigate risk at a strategic levelUsed by lenders to approve or deny individual loans

The Mortgage Risk Manager focuses on assessing and managing the overall risk profile of mortgage portfolios, developing policies to mitigate potential losses. In contrast, the Mortgage Underwriter evaluates individual loan applications to determine approval eligibility. While both roles require financial knowledge and relevant certifications, their scope and responsibilities differ significantly, with the Risk Manager working at a strategic level and the Underwriter at an operational level.

What are popular job titles related to Mortgage Risk Manager jobs in Connecticut?

For Mortgage Risk Manager jobs in Connecticut, the most frequently searched job titles are:

What job categories do people searching Mortgage Risk Manager jobs in Connecticut look for?

The top searched job categories for Mortgage Risk Manager jobs in Connecticut are:

What cities in Connecticut are hiring for Mortgage Risk Manager jobs?

Cities in Connecticut with the most Mortgage Risk Manager job openings:

Mortgage Risk Manager jobs near you

Producing Mortgage Sales Manager

First County Bank

Stamford, CT • On-site

$60K - $75K/yr

Full-time

Re-posted 4 days ago

Job description

At First County Bank, You + We = Team

YOU - Bring your talent, hunger to learn and desire to grow.

WE - Will provide you with the training and experience you need to become a Trusted Advisor to your clients.

TEAM - As part of the FCB team, you will share in the satisfaction of working for a respected 170-year-old institution with deep community roots and a tradition of giving back. 

First County Bank - It's where you belong!

We are looking for a Producing Mortgage Sales Manager to join our Residential Lending team! This individual will oversee the activities & performance of MLOs, provide training, mentoring & related professional feedback and support, and work with management on developing & implementing programs for mortgage loan business development. Work Hours: 8:30am- 4:30pm, M-F

Primary Responsibilities:

  • Works with management on developing and implementing programs for mortgage loan business development, including productivity strategies and implementation to increase revenue opportunities and market expansion.
  • Represents the Bank in various civic and community functions to further enhance its image and develop additional business.
  • Key contributor in developing and communicating mortgage application, guideline, processing, and onboarding policies.
  • Oversees process/procedure improvements for the Bank to be efficient, service oriented and compliant with all applicable laws and regulations.
  • Provides intermediate range planning efforts to include potential market expansion, market analysis and trend evaluations such as product alignment; keeps informed of short- and long-term regional conditions, as well as types of loan offerings.
  • Contributes to the setting of individual sales goals and their periodic monitoring.
  • Manages and reports on the progress of overall department strategic targets, including prospecting plans and the development of new mortgage business as well as expanding on existing business relationships.
  • Reinforces the cross selling of bank products as a key component of the overall sales approach; Prospect and originate residential loan business with independent goals in parallel to the management of the MLO group.
  • Monitors loan quality to ensure alignment with Bank policies and procedures, and compliance with state, regional, and federal guidelines.

Requirements/Qualifications:

  • Bachelor’s Degree in Finance or Business Administration.
  • 10+ years in mortgage application processing and underwriting or related experience is essential and at least 3-5 years of managerial experience.
  • Specific experience in Mortgage Sales, Risk Management, Secondary Marketing and related activities is necessary, with a broad knowledge and understanding of the Northeast market.
  • Must have a proven track record in managing multiple origination and distribution channels, as well as a current NMLS license.
  • Knowledge of both portfolio and secondary market lending platforms, underwriting, mortgage application processing, legal and real estate terminology and lending policies and procedures.
  • Excellent skills in sales techniques and customer relations are required.
  • Ability to establish a strong sales culture built around safe and sound banking practices.
  • Strong analytical and communication skills are required.
  • Ability to prospect and originate new loan business in parallel to management of the MLO group of 2-4 people
  • Expertise with Encompass Loan Operating System is highly desirable.
  • Proficiency in structuring mortgage transactions and problem solving.

Wage Range: $60,000 - $75,000 plus commissions

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