Vice President of Home Ownership Programs

  • MassHousing
  • Boston, MA, USA
  • Mar 27, 2018
Full time Banking Executive Finance Management Real Estate

Job Description

Since its inception in 1966, MassHousing has supported affordable home ownership and rental housing opportunities throughout Massachusetts. The Agency has provided more than $20 billion for affordable housing in that time.  Currently, MassHousing is seeking a seasoned leader for the position of Vice President of Home Ownership Programs to continue the Agency’s storied history of affordable housing funding.

As a key member of MassHousing’s senior management team, the Vice President of Home Ownership Programs is responsible for the strategic oversight and management of the Agency’s Home Ownership business lines.  Building upon MassHousing’s existing successful portfolio of 20,000+ residential mortgages for low- and moderate-income homebuyers, the Vice President of Home Ownership Programs focuses, without limitation, on business and product development, secondary marketing, investor relations, servicing, quality control & regulatory compliance, risk management and asset management.  This good natured, self-starter is a servant leader that collaborates with other senior MassHousing executives to develop and implement the Agency’s strategic agenda.  The specific duties and responsibilities of the Vice President of Home Ownership Programs include the following:

  • Driving product and business development to increase the number of Commonwealth residents who have sustainable mortgage products and servicing through MassHousing, including production growth and market penetration in targeted market segments or geographic regions.
  • Leading the process of selecting and deploying a new, customer-facing loan origination software.
  • Overseeing development of a holistic quality control system for the Home Ownership business lines, including underwriting processes, loan due diligence, operations, loan portfolio management, and collection of financial obligations.
  • Managing “best execution” allocation of lending capital, timeliness, efficiency and quality of closed mortgage loan purchases from lenders/business partners and optimization of related benefits to the Agency in furtherance of its mission.
  • Identifying and procuring public and/or private capital sources and participating in the structuring of single-family financings, while ensuring that related finance and operational costs are minimized for both the consumers and the Agency. 
  • Overseeing the Mortgage Insurance Fund, particularly by balancing risk with the Agency’s business and mission goals.
  • Providing training, team building and professional development support necessary to build and maintain a high performing Home Ownership team.
  • Performing other tasks and duties as assigned by the Executive Director.

MassHousing offers competitive compensation as well as an attractive benefits package.  Serious candidates should send a letter of interest and a resume to Human Resources, MassHousing, One Beacon Street, Boston, MA 02108, or faxed to 617.624.9494, or emailed to jobs@masshousing.com.  Please share in your cover letter how or from whom you heard about this career opportunity.

MassHousing is an Equal Opportunity Employer. 

Occupations

President-Top Executive

Qualifications

Bachelor’s or Master's (preferred) degree in Business, Public Administration, or Finance.  At least fifteen years of increasing responsibility in mortgage production, governmental programs, residential real estate development, real estate financing, or sales.  Demonstrated ability to negotiate complex issues within tight timeframes, design and implement new programs, establish and deliver on tactical business plans, and allocate resources appropriately.  Subject matter expertise regarding all aspects of mortgage production including marketing, business development, secondary mortgage marketing operations, mortgage insurance, quality control & regulatory compliance, risk management, origination, underwriting, investor relations, servicing and asset management.  Knowledge of affordable housing programs and an understanding of residential real estate development preferred.  Demonstrated previous experience in managing, motivating, and evaluating significant numbers of staff working on a variety of topics under tight deadlines.  Exceptional oral and written communication skills.

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service.