FICS LP and MS, Empower, Mello, Encompass, Meridian Link, LIS, LPS (Cloud), MSP, LIV, Horizon, Nebula, STAR, CORE, ACAPS/MASK/C2C, ECAR, HOGAN/SHAW, Symitar, Episys, Synergy, MS Office: Excel, PowerPoint, Word, Outlook
Chad Krieger
Vice-President Of Lending
Rio Rancho,NM
Summary
Results-driven VP experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Strong background in financial analysis, budgeting and forecasting. Positive attitude with a willingness to take on added responsibilities to meet team goals. Ability to handle multiple projects simultaneously with a high degree of accuracy. Develops and implements financial plans and delivers strategic financial advice. Organized and dependable candidate successful at managing multiple priorities with a strong organizational skills eager to secure a CLO (Chief Lending Officer) position.
Overview
18
18
years of professional experience
4
4
years of post-secondary education
1
1
Certification
Work History
VP of Mortgage Lending
US Eagle Federal Credit Union
Albuquerque, NM
04.2021 - Current
- Executing Mortgage and Consumer Lending Ops/Servicing Systems efficiency based on future-state design thinking for Mortgage/Consumer Origination and Servicing Systems
- Facilitated, led, and managed onboarding, contract negotiation and implementation strategies of new Mortgage Origination System (OpenClose OS – ’20-’21)
- Recruiting, leading, and coaching mortgage sales, operations, and servicing teams towards record earnings in ’21 - Current
- Partnering with Chief Lending Officer in developing mortgage, consumer and commercial lending strategies including short and long-term goals and plans for US Eagle Mortgage Lending Team
- Participating in monthly Asset Liability Committee (ALCO) meetings to provide rate recommendations, industry updates and economic trends affecting mortgage, consumer, and business lending industries.
- Instigating improvements throughout lending lifecycles (originations, funding, and servicing).
- Guiding team managers to implement action plans and programs to meet sales and production goals for mortgage portfolio growth by working closely with Marketing and other departments to achieve sales goals via all loan service delivery channels
- Assumes responsibility and serves as primary contact for audits and examinations
- Analyzes audit and examination results and adjusts business processes as necessary to comply with regulations via risk-gap analysis and efficiency implementation
- Partnering with Dovenmuehle (DMI), US Bank and Federal Home Loan Bank (FHLB) with secondary market mortgage asset sales and sub-servicing US Eagle Portfolio products
- Lead Facilitator/Motivator of monthly site-to-site manager meetings
- Developed strategic plans for day-to-day financial operations.
- Created financial dashboards to provide insights into key performance indicators.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Conducted financial due diligence on potential investments and acquisitions.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Collaborating with C-level executives and stakeholders to develop long-term financial plans.
- Improved overall financial reporting by streamlining control processes and reporting structures via LOS and MOS configurations.
- Designed and maintained financial models to identify and measure risks.
- Established internal audit procedures to validate and improve accuracy of financial reporting via control and policy implementation.
- Utilized financial software to prepare consolidated financial statements.
- Created and managed financial models to evaluate corporate investments and acquisitions.
- Evaluated and negotiated contracts to procure favorable financial terms.
- Established internal audit procedures to validate and improve accuracy of financial reporting
Vice-President of Mortgages
Kirtland Federal Credit Union
Albuquerque, NM
07.2020 - 04.2021
- Facilitated, led, and managed onboarding, contract negotiation and implementation strategies of new Mortgage Origination System (OpenClose OS – '20-'21) & HELOAN | HELOC, Auto, and Unsecured LOC products (MeridianLink OS - 20-'21)
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Identified opportunities to improve business process flows and productivity.
- Clarified roles, responsibilities and expectations of staff.
- Communicated business performance, forecasts and strategies to members, supervisory committee and board of directors.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Exercised leadership capabilities by successfully motivating and inspiring others
Director of Credit Risk
LoanDepot
Colorado Springs, CO
03.2019 - 06.2020
- Governed credit policy and procedures for Enterprise with intense focus on Fannie Mae, Freddie Mac, and MI programs.
- Maintained and developed product matrices reflecting program guidelines on all offered products and lending guidelines of all investors.
- Consulted with executives and senior leaders to better comprehend where risk opportunities lie and develop, implement, and monitor strategies that parallel business goals and objectives.
- Worked closely with Capital Markets, Operations, Fannie Mae, Freddie Mac, and IT Configuration providing guidance via creation and revision of existing credit policies and procedures.
- Managed credit policies and procedure lifecycles, including guidance, approvals, publication, annual review cycles and ensuring published Policies and procedures continue to be valid and accurate.
- Coordinated and directed meetings with all Enterprise divisions to clarify issues, identify responsibilities by determining impact(s) of policy/procedural modifications; and facilitated timely development of new and revised procedures.
- Directed User Acceptance Testing (UAT) to ensure system configurations (Empower/Mello) are aligned with all policies and procedures.
- Wrote and implemented standard operating procedures for credit personnel to achieve consistency in unit operations.
- Performed semi-annual account credit limit reviews and credit increase review requests from financial service and sales teams.
- Reported key performance indicators to department heads for management of positive cash flow and to adjust credit risk policies and procedures.
- Monitored accounts for signs of fraud and non-payment issues.
- Collected data and performed trend and variance analysis to mitigate risk arising from bad debt.
Vice-President
Wells Fargo Home Mortgage
Phoenix, AZ, IL
08.2007 - 03.2019
- Led underwriting, processing, and servicing teams of 100+ direct/indirect reports for Correspondent Funding and Cross-Channel Consumer Credit teams including: Equity Direct, Regional Bank, Direct to Consumer and Conforming and Non-Conforming Prior Approval and Ability-to-Repay (Agency, FHA, and VA) channels of business
- Expertly managed risk and improved execution by proactively identifying and communicating potential negative client impacts and various reputational/operational/compliance risk aspects
- Collaborated with Senior Executives to maximize all Wells Fargo Home Mortgage lending capacities.
- Managed capacity modeling and profit and loss for each channel of business – expense management, cost per loan, and productivity
- Evaluated product development strategies and prepared alternative approaches to goal achievement.
- Mitigated regulatory risks by overseeing adherence to insurance and safety regulations.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Founded performance- and merit-based evaluation system to assess staff performance.
- Maintained P&L and shouldered corporate fiscal responsibility.
Education
Bachelor of Science - Marketing Management And Research
Buena Vista University
Storm Lake, IA 08.1992 - 05.1996
Skills
Leader/Driver/Motivator
Strategic Vision/Technological Aptitude
Loan Ops System/Process implementation
Business development/ Reporting expertise
Conventional, Government, Consumer and Business loan process background
Relationship building and Team Management
Continuous Learning and Adaptability
Accomplishments
- Decreased mortgage loan departmental application-to-funding cycle times by nearly 76% (4/21 - current).
- Supervised team of 138 staff members as VP with Wells Fargo (2008-2012).
- Lead Facilitator/Motivator of monthly site-to-site managerial meetings with Wells Fargo and US Eagle FCU.
- Recruited, led, and coached mortgage, consumer, and business sales and operations towards record earnings ('21 - current).
- Facilitated, led, and managed the onboarding of multiple loan origination systems with Wells Fargo and Loandepot(Encompass, OpenClose, ACAPS/Cloud, Mello, Empower).
- Achieved $1.5mm and level 3 lending and exception authority with WFHM Retail, Loss Mitigation, End-of-Draw, and Home Equity departments.
Software
Certification
Licensed NMLS # 760836
Timeline
VP of Mortgage Lending
US Eagle Federal Credit Union
04.2021 - Current
Vice-President of Mortgages
Kirtland Federal Credit Union
07.2020 - 04.2021
Director of Credit Risk
LoanDepot
03.2019 - 06.2020
Licensed NMLS # 760836
06-2012
Vice-President
Wells Fargo Home Mortgage
08.2007 - 03.2019
Bachelor of Science - Marketing Management And Research
Buena Vista University
08.1992 - 05.1996