Manager – Non-QM Credit Risk Solutions

This is a fully remote position, open to applicants in United States.

📋 Description

• Oversee the NonQM Exception Desk, ensuring that exceptions are evaluated in line with the company's risk appetite, processed promptly, and monitored effectively.

• Generate monthly reports for the Division detailing Exception Activity, including the number of exceptions received, decisions made, frequently approved and denied exceptions, along with any relevant trends to communicate with the Division.

• Maintain and update the Exception Policy and Approval Form as needed, ensuring that all changes are appropriately disseminated to relevant parties.

• Supervise the Scenario Desk, ensuring that scenario requests are assessed and solutions are provided to optimize business opportunities for our sales partners, both internally and externally.

• Offer guidance and support to Underwriting Managers and the team, addressing escalations or concerns regarding files in process, and working towards resolutions while supporting the underwriting team.

• Conduct second-level reviews on loan files as necessary.

• Collaborate with our offshore underwriting vendors to ensure they meet or exceed our quality, quantity, and customer service expectations.

• Work closely with post-closing and channel leadership to resolve investor suspensions.

• Analyze PFQC quality control results and collaborate with underwriters to rectify any defects.

• Support Underwriting Managers by providing information for regular team meetings to ensure effective communication within the department and the sharing and implementation of best practices.

• Assist with the onboarding of new underwriting staff as needed.

• Communicate effectively with our sales and operations partners, providing guidance and support on credit and underwriting-related issues.

• Perform other related duties as assigned.

⛳️ Requirements

• Educational Qualification: High School Diploma or Equivalent.

• Minimum of 5 years of prior underwriting management experience is required.

• At least 10 years of underwriting experience with complex loan scenarios, including expertise in manual underwriting.

• A minimum of 5 years of Non-QM underwriting experience.

🏝️ Benefits

• Medical Plan

• Dental Plan

• Vision Plan

• GAP Insurance

• Life Insurance covered by the company

• Voluntary Life Insurance

• 401K

• Pet Insurance

• Legal Shield/ID Shield