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Mortgage Risk Manager Jobs in Indiana (NOW HIRING)

Interra Credit Union

Mortgage Loan Originator

Granger, IN · On-site

  • Medical

  • Retirement

  • PTO

... repay and default risk. Originate residential mortgage loans in applicable systems, provide ... Must be able to work extended hours and travel whenever required or requested by management. * Must ...

Interra Credit Union

Mortgage Loan Originator

Granger, IN

  • Medical

  • Retirement

  • PTO

... repay and default risk. Originate residential mortgage loans in applicable systems, provide ... Must be able to work extended hours and travel whenever required or requested by management. * Must ...

First Farmers Bank & Trust

Mortgage Loan Processor

Kokomo, IN · On-site

$19 - $21/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... and Risk Profile (CIP), Order Title Commitment * Review and ensure accuracy on all documents ... Strong organization, good time management, and ability to multitask needed * Must have strong ...

Old National Bank

Mortgage Resolutions Spec II

Evansville, IN

$17 - $27.50/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Compliance & Risk Management * Adhere to all regulatory requirements, bank policies, and mortgage servicing procedures. * Ensure customer interactions and account maintenance activities are performed ...

Old National Bank

Mortgage Resolutions Spec II

Evansville, IN · On-site

$17 - $27.50/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Compliance & Risk Management * Adhere to all regulatory requirements, bank policies, and mortgage servicing procedures. * Ensure customer interactions and account maintenance activities are performed ...

Old National Bank

Mortgage Resolutions Spec II

Evansville, IN

$17 - $27.50/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Compliance & Risk Management * Adhere to all regulatory requirements, bank policies, and mortgage servicing procedures. * Ensure customer interactions and account maintenance activities are performed ...

First Farmers Bank & Trust

Mortgage Loan Processor

Kokomo, IN

$19 - $21/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... and Risk Profile (CIP), Order Title Commitment * Review and ensure accuracy on all documents ... Strong organization, good time management, and ability to multitask needed * Must have strong ...

Old National Bank

Mortgage Resolutions Spec II

Evansville, IN · On-site

$17 - $27.50/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Compliance & Risk Management * Adhere to all regulatory requirements, bank policies, and mortgage servicing procedures. * Ensure customer interactions and account maintenance activities are performed ...

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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 Indiana?

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

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

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

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

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

Mortgage Risk Manager jobs near you

Mortgage Loan Portfolio Ops Specialist, South Bend, IN

1st Source Bank

South Bend, IN • On-site

Full-time

Re-posted 21 days ago

1st Source Bank rating

8.8

Company rating: 8.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

16th of 171 rated banks

Job description

POSITION SUMMARY
Responsible for the management, monitoring, and overall performance of Mortgage Lending Portfolio Products.
ESSENTIAL REQUIREMENTS
  • Leads the development and operational implementation of new portfolio loan programs, ensuring regulatory compliance, and managing vendor relationships.
  • Oversees the management of portfolio mortgage loans kept on the bank's balance sheet, ensuring optimal performance and risk management.
  • Ensures overall compliance with mortgage regulations related to Portfolio loan products.
  • Leads the development and continual refinement of mortgage products aimed at high-net-worth individuals and LMI buyers using creative financing structures.
  • Works closely with Sales, Credit, and Operations teams to streamline processes for complex transactions and provide training as needed on portfolio mortgage lending practices.
  • Coordinates the integration of stacked down payment assistance programs into the loan process, ensuring seamless customer experiences for LMI buyers.
  • Identifies opportunities to automate and streamline loan processing, underwriting, and approval for portfolio mortgage products.
  • Handles exception items and resolves complex issues.
  • Regular and predictable attendance is an essential requirement of the position.
  • Responsible for the completion of all compliance training related to the position.
  • Must understand all applicable laws and regulations that apply to the position and complies with the requirements.

NON-ESSENTIAL FUNCTIONS
Performs all other duties as assigned.
EXPERIENCE/SKILLS
  • Minimum of three (3) years' experience leading cross-functional teams to achieve organizational goals, overseeing operations, and overseeing daily operations preferred.
  • Experience in mortgage lending, with a focus on portfolio products and/or non-traditional mortgage structures, preferred.
  • Understanding of regulatory requirements, especially those related to Fannie Mae, down payment assistance programs, and portfolio loans preferred.
  • Strong leadership, organizational, and communication skills.
  • Ability to work cross-functionally and collaborate with multiple departments and external partners.
  • Readily embraces change.
  • Familiarity with mortgage lending technologies, including loan origination systems such as Encompass.
  • Good PC skills - proficiency in Microsoft Word and Excel essential.

EDUCATION
Bachelor's degree in business, Finance, or a related field preferred.
TRAVEL REQUIREMENTS
Ability to travel as needed for meetings, projects, seminars, etc.
PHYSICAL DEMANDS
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 accommodations may be made to enable individuals to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand, and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
MS Office PC, fax, phone, and standard office equipment.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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