Retail Lending Job Description
Retail lending
provides high levels of customer service, ability to reason through complex issues, demonstrates effective communication, ability to present information to large groups.
Retail Lending Duties & Responsibilities
To write an effective retail lending job description, begin by listing detailed duties, responsibilities and expectations. We have included retail lending job description templates that you can modify and use.
Sample responsibilities for this position include:
Enhance portfolio insight and management decision-making through the use of leading edge analytics, methods and tools to measure the current health of the portfolio and for early detection of opportunities, trends and anomalies
Reviews appraisals for compliance with appraisal policy and all regulatory requirements
Contacts independent appraisers, brokers, clients and/or internal groups to validate information, and/or inquire about requests for updates and corrections if needed
Applies proper application of valuation methods and techniques to residential properties
Assists the Chief Appraiser to ensure that all regulatory issues pertaining to appraisals and valuations are achieved
Maintains knowledge of current industry trends and regulations affecting real estate appraisers
Assists with training and supervision as needed
Performs on-going oversight and testing of the business lines to ensure adherence to procedures and policies
Monitors branch lending staff’s adherence to regulatory compliance
Assists with training and development of new employees, familiarizing them with their tasks and responsibilities
Retail Lending Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Retail Lending
List any licenses or certifications required by the position: IFRS, MBA, ICWA, CA, CAMS, AWS, CRCM
Education for Retail Lending
Typically a job would require a certain level of education.
Employers hiring for the retail lending job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Education, Business, Military, Finance, Associates, Accounting, Financial Services, Statistics, Economics, Graduate
Skills for Retail Lending
Desired skills for retail lending include:
Tools
Ability to adapt as needed
Ability to bring a reported problem to successful resolution
Ability to design
Ability to leverage that information in creating customized customer solutions
Major functional processes and associated operating requirements
Major products and services and product and service groups
Successful approaches
Techniques for dealing with changes and adapting to a changing environment
Values and practices that align customer needs and satisfaction as primary considerations in all business decisions
Desired experience for retail lending includes:
Sustaining a competitive cost per loan funded
Balance service and cost through the effective management of a Regional budget
Four-year college degree or equivalent work experience and coursework in finance related fields
Ability to work closely with a wide variety of personality types
Ability to be detail oriented while maintaining a larger picture perspective
Demonstrated ability to make sound decisions and judgments
Retail Lending Examples
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Retail Lending Job Description
Job Description Example
Our innovative and growing company is hiring for a retail lending. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for retail lending
- Direct supervision and management of supervisors and/or lead staff
- Conducts interviews with prospective borrowers to analyze financial and credit data, determines customer financing objectives, advises customer on product/pricing policies and guidelines, and gathers all additional required information in order to complete an error free disclosure to the customer
- Obtains all required documentation as required
- Hold a credit delegation and approve deals outside of the Managers delegations managing deal escalations
- Prepares timely, accurate and comprehensive general and/or ad hoc analyses as requested
- Participates in relevant special projects, as assigned
- Leverages technology and carries out process improvement activities
- Researches and evaluates trends and variances within Loan Portfolio
- Interfaces with business leaders and builds relationships
- Updates assigned models and obtains inputs and for the monthly proforma process, reviews results for anomalies and trends, summarizes the period over period changes and recommends action to management
Qualifications for retail lending
- Strong computer aptitude with particular emphasis on word processing and spreadsheet programs is required
- Credit performance, as measured by delinquency rates, of the retail lending portfolios
- Risk appetite and lending philosophy
- Credit policies
- Credit decision strategies
- A minimum of a bachelor’s degree in Business, Accounting and/or Finance is required
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Retail Lending Job Description
Job Description Example
Our company is hiring for a retail lending. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for retail lending
- Working closely with the Risk Management team and other internal and external constituents, including regulatory/governing bodies, to shape and prioritize the analytical work effort
- Providing advice and recommendations to business leaders within the company to ensure the highest standards of practice, including the incorporation of stress testing into the ongoing evaluation of risk
- Performing the most complex qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation data quality and integrity
- Building and leading a team, and providing professional guidance to a team of quantitative analysts
- Managing and delivering sound account management analytics to support risk strategy development
- Predictive risk model design and development
- Follow-up reviews of approved and implemented credit risk strategies
- Managing and supporting special projects
- Acquiring, organizing, structuring and providing risk management data for the department and other internal business partners
- Enhance risk-adjusted returns through Pricing strategies (developed in partnership with Products)
Qualifications for retail lending
- 5+ years of audit, exam or quality control experience
- Deep knowledge of BMO Harris Bank and its affiliated banks
- Ability to prioritize work and simultaneously manage and deliver multiple projects
- Five years of progressively responsible professional experience with three or more leadership experience (may include direct leadership or matrixed responsibility)
- Working knowledge of compliance regulations
- Full understanding of product types (Conventional, FHA, VA)
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Retail Lending Job Description
Job Description Example
Our company is looking for a retail lending. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for retail lending
- Interface with Product partners to develop implementation plans, including Retail Sales process design, product training and controls planning
- Partner with Training to develop core curriculum requirements for new Mortgage Bankers in support of Affordable Lending strategies
- Deliver presentations/workshops to Retail Mortgage Bankers and Sales leaders to supplement formal training and reinforce Affordable Lending goals and priorities
- Work closely with Sales Support team to effectively manage Sales communications through multiple forums
- Evaluate channel performance at all levels in the Sales organization and coordinate execution of action plans to achieve objectives
- Provide support for Affordable Lending inquiries from Mortgage Bankers and Sales Leaders
- Develop materials for Channel presentations to Sales leaders and senior management
- Creating KPI reports for the retail lending teams
- Oversee project and change management in Retail lending- policy rollouts, operational changes and similar
- Leading the impact assessment of new initiatives on workflow and consulting with relevant stakeholders to ensure efficient implementation and delivery
Qualifications for retail lending
- 2+ years of consumer compliance monitoring experience as a compliance officer, or a minimum of five years of experience in lending management is required
- 5+ years of regulatory relationship management experience
- Ability to work extensive hours during high volume periods
- Strong prioritization skills and organization skills are a must along with the ability to multi-task in a fast-paced environment
- Mortgage originating and structuring experience
- Demonstrated knowledge of the home lending industry, including processing, underwriting, closing and funding loan
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Retail Lending Job Description
Job Description Example
Our company is growing rapidly and is looking for a retail lending. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for retail lending
- Leading the remediation of operational issues
- Headcount forecasting in conjunction with State Credit Managers
- Introducer themes (initially ad hoc) to assist with introducer interactions and sales feedback
- Productivity and workflow analytics
- Assist with planning, executing and reporting of multiple audit engagements in accordance with department and professional standards
- Plan and execute control and substantive testing, and evaluate audit results to determine root cause of any issues identified
- Demonstrate a strong sense of urgency and use time effectively
- Interact with financial, IT, and other auditors while performing their responsibilities
- Potential to travel (less than 5%) to different locations for audit engagements
- Managing and supporting special projects acquiring, organizing, structuring and providing risk management data for the department and other internal business partners
Qualifications for retail lending
- Demonstrated ability to analyze a customer’s particular financial and housing situation and make appropriate recommendations for mortgage and other financial products based on that analysis
- Previous mortgage self-generated origination/sales experience required
- Requires a bachelor’s degree in business, finance, or equivalent
- Strong integrative thinking, problem-solving and project management skills
- SQL experience required, SAS or VBA a plus
- Experience with CCAR & DFAST modeling
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Retail Lending Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of retail lending. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for retail lending
- Works directly and develops relationships with internal staff and/or external parties to collect necessary HELOC loan data and to identify and resolve problems efficiently
- Assists in the collection of HELOC loan data and the retrieval of loan documents for internal Bank and regulatory audits and HMDA reporting
- Increases and maintains own current knowledge of consumer laws and regulations--specifically laws and regulations relating to Retail Lending products, Bank services, policies and procedures, by attending training sessions, reading provided materials, learning from coworkers
- Aid in the analysis/reviews of assigned project(s) per requirements provided by Supervisor in comparison to policies, procedures, regulatory rules, and project plans provided
- Participate in the on-going review and testing of the business lines to ensure adherence to procedures and policies
- Summarizing the results of testing and monitoring in clear, accurate and concise written reports
- Assess applicants’ risk factors and decide if applicant is a good risk for loan approval
- Effectively communicate with originators, branches, processing, closing and secondary departments regarding all conditions needed
- Supervises and participates in all department activities
- Communicates effectively with staff to ensure the department is operationally prepared to handle all assigned responsibilities
Qualifications for retail lending
- Strong credit, risk analysis, and analytical skills preferred
- Ability to analyze and interpret credit quality information preferred
- Solid understanding of general economic theory as it relates to the lending and business environment preferred
- Comprehensive knowledge of the Bank's Retail and Small Business products, lending policies, procedures and pratices
- 2 years combined work experience in residential/mortgage lending, underwriting, credit analysis, finance or other related field
- Answers phones on the queue personal line to assist customers