Business Development Manager Reverse Mortgage

TheBUSINESS DEVELOPMENT MANAGERis expected to develop the origination volume potential from brokers in their assigned geographic areas by generating new business and cultivating increased share of business from existing broker addition to achieving the target origination volume theBUSINESS DEVELOPMENT MANAGERwill be evaluated on efficiency metrics assigned by theDirector Residential Salessuch as funded volume as a percentage of submissions and number of outbound calls and contacts made. TheBUSINESS DEVELOPMENT MANAGERwill dedicate time to all phases of the sales relationship cycle - from prospecting through to the business development phases - employing a variety of actions which include but are not limited to:

Prospecting

• Continually sourcing broker names from external and internal resources

• Scrubbing sourced broker names to produceBUSINESS DEVELOPMENT MANAGERs list of prospects as defined and amended by theDirectorfrom time to time

• Maintaining the prospects list including making revisions necessitated by for example re-alignment of geographic areas or Key Accounts and changes to sales staff or brokers/agents/brokerages

• Pro-actively cold contacting brokers to establish new relationships and routinely contacting warm leads throughout the prospecting cycle

• Onboarding brokers: establishing broker agreements where necessary making welcome calls for brokers who are dealing with the Bank for the first time collecting feedback from brokers regarding theBUSINESS DEVELOPMENT MANAGERs and the Banks overall service levels

• Tracking prospecting activitiesin order tomonitor and report on theBUSINESS DEVELOPMENT MANAGERs progress such as how many new broker agreements were completed and approved how many new brokers were contacted what was discussed and if any deals were submitted

Business Development

• Conducting training and product awareness sessions primarily through webinars and from time to time in person when warranted or required

• Advising brokers on potential deal inquiries to improve the quality of submissions efficiency of credit assessment and turn-around time on responses and commitments

• Facilitate getting commitments to funded status by working efficiently with internal departments to expedite resolutions liaise information and track deal progress

• Adjusting focus and tactics as required to get deals closed nearing month end responding to competitive pressures promoting products or special pricing

• Tracking submissions deal status funded volume and overall pipeline to monitor and report on theBUSINESS DEVELOPMENT MANAGERs progress

2. External & Internal Relationship Management (20%)

TheBUSINESS DEVELOPMENT MANAGERwill reflect the Banks values in all interactions whether external or internal. The Banks image of integrity quality and dependability are critical dimensions to how theBUSINESS DEVELOPMENT MANAGERshould conduct business and build relationships. TheBUSINESS DEVELOPMENT MANAGERwill be responsible for:

• Proactively engaging and building rapport with sales team members and credit teams

• Assisting credit in following up on outstanding commitments or documents particularly when the credit team feels challenged with high volumes or toward month end

• Liaising with credit teams and others when necessary to resolve broker issues

• Assisting brokers who have general questions about products and underwriting through our email inquiry mailbox

• Probing validating and sharing insights on brokers competitive activities and market dynamics

• Adeptly being able to distinguish the difference between being an effective champion for a brokers deal versus interfering or duplicating the roles of the credit teams

3. Administration and Organization (10%)

As a member of the larger Single Family Residential team theBUSINESS DEVELOPMENT MANAGERwill support informational needs and processes ensuring the smooth handling of deals through pipeline to funding by:

• Creating a routine to efficiently and consistently capture document and track the essence of interactions with brokers and any important feedback

• Providing all required sales productivity and activity reports in a timely manner

• Adjusting time spent and activities to balance the needs of both prospecting and business development

• Providing weekly Crystalline status reports

• Updating rates on various system broker contact info

• Handling operational requests from others including Residential Operations

• Two years residential mortgage Underwriting/Credit experience

• Outstanding interpersonal skills

• Self-directed and highly organized individual

• Agile time management skills with ability to multi-task

• Must possess a valid drivers license and a clean driving record

• Completion of a college or equivalent post-secondary degree

• Strong written and verbal skills along with presentation experience

• Proficient with Microsoft Office: Word Excel PowerPoint

Preferred

• Previous sales experience

• Proficient knowledge ofCyberqueryor similar database reporting tool(s)