Non-QM Product Trainer

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

📋 Description

• Educate loan officers about product offerings and various investors.

• Develop and present training sessions on Non-QM products, agency programs, and government programs.

• Instruct on the subtleties of investor guidelines, overlays, reserve requirements, seasoning, LTV and FICO matrices, and pricing adjustments.

• Collaborate with branch managers on the onboarding process for new hires and provide ongoing training.

• Ensure loan officers stay updated on changes to investor guidelines, programs, and matrices.

• Offer scenario analysis and guidance on program and investor selection.

• Mentor loan officers on income calculation, documentation, and the preparation of complete submission packages.

• Assess files with loan officers to identify weaknesses and minimize suspenses, conditions, and fallout.

• Work in partnership with processing, underwriting, and lock desk teams to resolve recurring file issues.

• Develop and maintain product guides, cheat sheets, scenario libraries, and recorded training sessions.

• Monitor loan officer challenges and create targeted training programs.

• Evaluate the impact of training on file quality, pull-through rates, and turnaround times, and communicate findings to leadership.

⛳️ Requirements

• A minimum of 5 years of experience in mortgage lending, including at least 3 years directly involved in Non-QM.

• Extensive knowledge of DSCR, bank statement, and asset-based qualification, along with income calculation and documentation standards.

• Experience with various Non-QM investors and the ability to compare their guidelines effectively.

• Proven history of teaching, coaching, or supporting loan originators, whether as an Account Executive, trainer, underwriter, or senior processor.

• Excellent communication skills, demonstrating patience and the ability to clarify complex guidelines for both novice and experienced loan officers.

• Proficient in creating training materials, including guides, presentations, recorded sessions, and delivering them live, both in person and via video.

• Underwriting or scenario desk experience is preferred.

• An active or previously held NMLS license is preferred.

🏝️ Benefits

• Annual Variable Compensation: $10,000 – $25,000.

• Comprehensive medical, dental, and vision insurance.

• 401(k) retirement plan.

• Paid time off.

• Preference for in-office work; remote work may be considered for suitable candidates.