The Vice President is a senior level position within the State of New York Mortgage Agency, a public authority within the NY state housing agency, Homes and Community Renewal.
SONYMA’s mission is to provide New Yorkers with access to affordable homeownership, with a particular focus on serving first time home buyers and families who are considered low and moderate income.
SONYMA is also focused on building out new programs that address gaps in the credit market as it relates to homeownership. Recent examples of new programs include an acquisition/rehabilitation loan product to connect homebuyers to vacant property, a new program that allows SONYMA to acquire “non-performing loans” from banks and or GSEs in order to provide principal reduction and other foreclosure mitigation options, and a new program that allows us to make affordable mortgages to families who live in manufactured homes located on leased land (aka mobile home parks) .
The Vice President position requires a visionary leader with a deep understanding of the single-family mortgage space, and a person who is skilled at creating and managing efficient, streamlined systems that increase productivity without sacrificing quality.
The VP will manage three direct Assistant Vice Presidents who collectively manage a team of 18.
Essential Duties / Responsibilities:
The primary responsibilities of the position will be to:
Support the Senior Vice President of SONYMA in the day-to-day and long-term operations of the organization, including identifying areas where the Vice President can assume some of the work load currently carried by the SVP.
Manage the AVP of originations, post-closing, and servicing units and ensure that these direct reports are effectively managing their teams.
Identifying innovative areas in the NY homeownership market where SONYMA can make a significant impact. Help to design and implement the roll out of these programs in collaboration with SONYMA senior leadership.
Manage the department’s systems’ needs. Work with the Information Technology Unit, facilities management, and external software vendors to troubleshoot problems, recommend changes, and test such changes.
Manage the department’s internal controls and Disaster Recovery testing processes. Identify weakness in our current systems and propose plans for process improvements.
Maintain and update all guideline documents, forms, training documents and procedures, both internal and external.
Process all lender application packages, organizational changes, and annual lender recertifications.
Oversee operation of 800 line to ensure adequate call coverage and accurate communication of SONYMA guidelines, minimize wait times and proper delivery of post-conversation communication.
Generate and prepare reports as required by statute, policy, or external sources.
Facilitate Employee Advisory Council meetings semi-annually and oversee monthly sub-committee meetings.
Other related duties as needed.
For more information, see the Attached Document