Sr. AVP, Business Solutions at Redfin

Huntsville, Alabama, United States

Redfin Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

  • Ability to lead and direct the Credit Union's Business Division, including originations, underwriting, loan approvals, servicing, portfolio management, compliance, sales, quality assurance, deposit products and services, and account servicing
  • Experience providing strategic vision input into Commercial Lending and Deposit Services Strategy and thoughtfully executing plans
  • Proven skills in planning, organizing, evaluating, and managing divisional work, including effective resource utilization, implementation of plans/programs, and coordination across functions
  • Expertise in overseeing all phases of loan origination and servicing (Sales, Application, Underwriting, Processing, Closing, Collections, Compliance, Quality Assurance) to ensure portfolio soundness
  • Capability to establish performance requirements/objectives, monitor/evaluate staff performance, provide coaching/development, recognize performance, address deficiencies, and take disciplinary action per policies
  • Experience establishing budgets, planning, and directing annual/strategic goals for business lending and deposits (business development, innovation, originations, underwriting, approvals, servicing, portfolio management)
  • Ability to develop and adhere to a culture of accountability using goals, coaching, training, and discipline
  • Skills in developing/mentoring staff and leadership through consistent coaching and feedback
  • Experience recommending policy revisions to executive leadership
  • Proficiency in soliciting business members via referrals/direct contact, developing/retaining relationships, and building ties with brokers/community
  • Ability to develop/implement solutions for business members' account needs (payment channels, digital services)
  • Expertise in researching, developing, and implementing new business products/services
  • Skills in optimizing activities for peak experience and efficiency
  • Strong relationship management with external vendors/consultants, regulatory authorities, internal customers/departments, brokers, third-party underwriters/servicers, holding them accountable for deliverables/SLAs
  • Demonstrated ability in conducting continual process improvement for areas of responsibility

Responsibilities

  • Lead and direct the Credit Union's Business Division under policy direction of the Senior Vice President/Chief Lending Officer
  • Oversee development and implementation of strategic/tactical plans aligned with Credit Union's Vision, Mission, Strategies, and desired results
  • Accountable for line-of-business strategy: business development/origination, underwriting, loan approval, servicing, portfolio administration, vendor management, compliance; ensure portfolio soundness and implement long-term strategies (portfolio mix, growth, market penetration)
  • Collaborate with executive leadership, marketing, financial planning & analysis, credit risk, IT, and partners to define product mix, balancing small business and larger loan profitability
  • Provide strategic vision input into Commercial Lending and Deposit Services Strategy and execute thoughtfully
  • Plan, organize, evaluate, and manage Business Solutions Division (Business Lending, Business Services & Support); utilize resources, implement plans/processes for results; coordinate functions within division and across Credit Union
  • Oversee all phases of loan origination/servicing (Sales, Application, Underwriting, Processing, Closing, Collections, Compliance, Quality Assurance) for portfolio soundness
  • Establish performance requirements/objectives for staff; monitor/evaluate performance; coach/develop; recognize performance; address deficiencies/discipline per policies
  • Establish budgets, plan/direct annual/strategic goals for business lending/deposits (development, innovation, originations, underwriting, approvals, servicing, portfolio management)
  • Develop/adhere to culture of accountability via goals, coaching, training, discipline to meet/exceed goals; mentor staff/leadership via coaching/feedback
  • Recommend policy revisions to executive leadership
  • Oversee solicitation of business members via referrals/direct contact to develop new/retain existing relationships; build/maintain broker/community ties
  • Develop/implement solutions for business members' needs (payment channels, digital services)
  • Oversee research, development, implementation of new business products/services
  • Optimize activities for peak experience/efficiency
  • Manage relationships with external vendors/consultants, regulators, internal customers/departments (including non-lending vendors); develop relationships, hold accountable for deliverables/SLAs
  • Conduct continual process improvement for areas of responsibility

Skills

Business Lending
Underwriting
Loan Origination
Loan Servicing
Portfolio Management
Compliance
Quality Assurance
Vendor Management
Credit Risk Management
Strategic Planning
Business Development

Redfin

Technology-driven real estate services provider

About Redfin

Redfin simplifies the process of buying, selling, and renting homes through its technology-driven real estate services. It operates mainly in the U.S. and offers a range of services including brokerage, instant home buying (iBuying), rentals, lending, title insurance, and renovation services. Redfin's platform allows home sellers to save on commission fees compared to traditional agents, while buyers benefit from extensive online resources to find homes. The company also directly purchases homes from sellers, streamlining the selling process. Redfin generates revenue from commissions on real estate transactions, iBuying, rental services, mortgage lending, title insurance, and renovations. This diverse revenue model enables Redfin to capture value at various stages of real estate transactions. With a focus on efficiency and cost-effectiveness, Redfin aims to grow its market presence and adapt to changing market conditions.

Seattle, WashingtonHeadquarters
2006Year Founded
$162MTotal Funding
IPOCompany Stage
Financial Services, Real EstateIndustries
5,001-10,000Employees

Risks

High mortgage rates deter homebuyers, reducing Redfin's transaction volume.
Recent layoffs may affect Redfin's employee morale and productivity.
34% of homeowners unwilling to sell limits Redfin's potential listings.

Differentiation

Redfin offers lower commission fees than traditional real estate agents.
Redfin integrates MLS data with historical data for comprehensive home search.
Redfin's technology-driven platform empowers buyers and sellers with advanced tools.

Upsides

Increased demand for build-to-rent properties boosts Redfin's rental services.
Rise in multifamily housing completions benefits Redfin's property management services.
Growing renter households suggest expanding market for Redfin's rental services.

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