Mortgage Securitization Credit Associate

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

📋 Description

• Assess underwriting exceptions and documented compensating factors to ensure their acceptability and address any issues during securitization.

• Oversee transaction timelines, loan documentation, securitization paperwork, platforms, and involved parties to enable successful securitization of mortgage assets.

• Work in collaboration with external diligence providers, attorneys, banking partners, and internal teams to coordinate securitization efforts.

• Ensure that asset reviews and data supplied by third-party diligence firms are precise and comply with rating agency standards for securitization.

• Perform ongoing assessments of the current loan portfolio, including underwriting standards and product parameters, to identify and rectify any concerns regarding securitization eligibility.

• Contribute to the enhancement and ongoing refinement of internal procedures and documentation pertaining to securitization and credit processes.

• Collaborate with the Operational team and undertake additional responsibilities as required to support asset acquisition and as directed by management.

⛳️ Requirements

• High school diploma or equivalent qualification.

• At least 5 years of recent mortgage underwriting experience, including Non-QM mortgage underwriting.

• Strong underwriting and analytical capabilities, with the ability to assess credit risk from both business and technical angles.

• Proficient in Microsoft Excel and Word.

• Proven project management abilities, including the coordination of multiple stakeholders in the securitization process leading to successful closings.

• Experience in managing third-party service providers.

• Demonstrated capacity to work effectively under pressure and meet tight deadlines.

• Excellent verbal and written communication skills.

• In-depth understanding of mortgage loan production and the securitization process.

• Comprehensive knowledge of federal and state mortgage compliance regulations, including RESPA, TILA, and HMDA, along with applicable state-specific requirements.

• Strong capability to work both independently and collaboratively within a small team environment.

• Proficient in AI tools and technologies (e.g., generative AI platforms, automation tools, and data analytics applications) and capable of utilizing them to improve risk analysis, support process enhancement initiatives, and drive operational optimization.

🏝️ Benefits

• Competitive compensation package, including a strong base salary.

• Opportunity for a discretionary annual bonus.

• Attractive benefits offerings and paid time off, including sick leave.

• 401(k) plan with company matching.

• Opportunities for professional learning and development.

• Tuition reimbursement available.

• And much more!