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Mortgage Risk Manager Jobs in Delaware (NOW HIRING)

PNC Bank

Mortgage Loan Officer

Dover, DE · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Rehoboth Beach, DE · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Dover, DE

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

M&T Bank

Senior Relationship Banker

Newport, DE · On-site

$24.87 - $41.45/hr

... Risk Management (audit requirements, fraud prevention, Know Your Customer (KYC) and customer ... Build relationships with non-branch business partners (e.g. business bankers, mortgage loan ...

M&T Bank

Senior Relationship Banker

Newport, DE · On-site

$24.87 - $41.45/hr

... Risk Management (audit requirements, fraud prevention, Know Your Customer (KYC) and customer ... Build relationships with non-branch business partners (e.g. business bankers, mortgage loan ...

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Mortgage Risk Manager information

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 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 popular job titles related to Mortgage Risk Manager jobs in Delaware? For Mortgage Risk Manager jobs in Delaware, the most frequently searched job titles are:
What job categories do people searching Mortgage Risk Manager jobs in Delaware look for? The top searched job categories for Mortgage Risk Manager jobs in Delaware are:
What cities in Delaware are hiring for Mortgage Risk Manager jobs? Cities in Delaware with the most Mortgage Risk Manager job openings:
Mortgage Risk Manager jobs near you

Mortgage Production Manager

Dover Federal Credit Union

Dover, DE • On-site

Full-time

Re-posted 5 days ago

Job description

Job Type
Full-time
Description
General Summary
The Mortgage Production Manager provides leadership and direction to drive residential mortgage loan production. This includes recruitment, onboarding, coaching, and performance management of Mortgage Loan Officers (MLOs), Junior MLOs, and Mortgage Processor(s), as well as identifying marketing and business development opportunities to increase loan volume and member engagement. Key responsibilities of this role include executing sales strategies, managing pipeline performance, ensuring operational efficiency between origination and processing, and maintaining compliance with all applicable regulatory requirements. This role serves as a key liaison between the mortgage production team, internal departments, and third-party service providers supporting outsourced underwriting and closing functions. The manager oversees home equity and HELOC production, ensuring alignment with credit union goals, risk standards, and member service expectations.
Essential Functions
  • Lead, coach, and develop a team of Mortgage Loan Officers, Junior MLOs, and Mortgage Processor(s) to meet or exceed production, service, and quality goals.
  • Recruit, train, onboard, and mentor new MLOs and Junior MLOs, establishing performance expectations and career development plans.
  • Conduct regular one-on-one meetings with direct reports to review performance metrics, pipeline status, quality standards, and professional development objectives, complete required documentation and written reviews.
  • Manage and monitor the mortgage loan production pipeline to ensure accuracy, timeliness, and efficient workflow from application through submission to outsourced underwriting and closing partners.
  • Serve as the primary escalation point for pipeline issues, member concerns, and processing bottlenecks, coordinating resolutions with internal teams and external vendors as needed.
  • Collaborate with the AVP of Mortgage Lending and Chief Lending Officer to identify market trends, product needs, pricing strategies, and marketing initiatives.
  • Originate residential mortgage loans within the credit union's defined service markets and maintain a personal book of business consistent with organizational expectations.
  • Ensure exceptional member service through thorough knowledge of mortgage products, policies, procedures, and regulatory requirements; reinforce consistent application of standards across the team.
  • Maintain compliance with all federal and state lending regulations, including SAFE Act, HMDA, Fair Lending, and NMLS requirements; promote a strong culture of ethical lending practices.
  • Establish and promote community, realtor, builder, and professional partnerships to enhance brand awareness and referral opportunities.
  • Partner with processing staff to ensure complete, accurate, and compliant loan files are submitted to third-party underwriting and closing partners.
  • Monitor performance metrics including production volume, pull-through rates, cycle times, and quality indicators; prepare reports and communicate results to leadership.
  • Recommend and support improvements to mortgage workflows, procedures, and technology to enhance efficiency, quality, and scalability.
  • Maintain strong vendor relationships with mortgage service providers, including processing systems and outsourced partners.
  • Participate in continuing education to remain current with industry trends, regulatory updates, and operational best practices.
  • Maintain active Nationwide Multistate Licensing System & Registry (NMLS) registration and comply with all SAFE Act requirements.
  • Oversee and support the origination of home equity loans and HELOCs by MLOs and Junior MLOs, including production performance, pipeline management, and compliance adherence.
  • Perform related duties and responsibilities as required and any other duties as assigned.

Requirements
Required:
  • Minimum of ten (10) years of experience in residential mortgage origination
  • High school diploma or equivalent
  • Active NMLS license

Desired:
  • Associate or Bachelor's degree in Business, Finance, Management, or related field
  • Three (3) or more years of progressively responsible leadership or supervisory experience in mortgage lending
  • Demonstrated experience managing loan originators and support staff in a production-focused environment
  • Strong working knowledge of conventional, FHA, VA, and other mortgage programs and guidelines
  • Proven ability to coach sales performance while maintaining high quality and compliance standards
  • Excellent interpersonal, communication, and presentation skills
  • Strong organizational and time-management abilities with experience managing multiple priorities in a fast-paced environment
  • Proficiency with Mortgage Origination Systems (LOS), CRM tools, and Microsoft Word, Excel, PowerPoint, and Outlook
  • Working knowledge of first lien mortgage products as well as home equity loans and HELOCs, including applicable underwriting guidelines and regulatory requirements

Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel, and talk or hear. The employee is occasionally required to stand, walk, bend, kneel, and reach above or at shoulder level. The employee must occasionally lift, push, pull, and/or carry up to 30 pounds.

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