VP of Product

Job not on LinkedIn

2 days ago

🌲 North Carolina – Remote

Although this job is listed in North Carolina, this company may be open to hiring remote in other states.

💵 $120k / year

⏰ Full Time

🔴 Lead

✅ Product Manager

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Deephaven Mortgage

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Finance • Real Estate

Deephaven Mortgage is a mortgage company that specializes in offering non-QM (non-qualified mortgage) loans, which cater to borrowers who might not fit traditional mortgage guidelines. The company provides various loan products designed for real estate investors, including DSCR (Debt Service Coverage Ratio) loans, Expanded-Prime loans for those just outside standard qualification, and Equity Advantage loans for leveraging home equity. Deephaven focuses on innovative solutions to serve the underserved mortgage market, providing flexible underwriting guidelines. They support mortgage professionals through a comprehensive online portal and personalized customer service, aiming to broaden the range of borrowers and increase loan accessibility.

51 - 200 employees

💸 Finance

🏠 Real Estate

📋 Description

• Lead the strategic development of new Non-QM loan products and enhancements based on capital markets direction, investor appetite, and competitive research. • Evaluate opportunities for expanding into new segments (e.g., Business Purpose Lending, DSCR, HELOC, bank statement enhancements, portfolio products). • Interpret investor criteria, market trends, and execution outcomes to design profitable, scalable product features. • Collaborate with Pricing & Secondary to ensure appropriate rate sheets, LLPAs, eligibility matrices, and guides support optimal market competitiveness and loan sale execution. • Collaborate with Credit / Underwriting on product governance process, including version control, guide updates, approval routing, and stakeholder communication. • Maintain alignment with risk, compliance, legal, and underwriting to manage overlays, exceptions, and emerging risks. • Manage investor feedback loops and incorporate performance learnings into product updates as well as communication of product enhancements to various partners. • Partner closely with Secondary & Capital Markets to understand securitization performance, loan sale execution, and investor appetite. • Analyze pricing impacts, credit risk distribution, and pool performance to optimize product structures. • Serve as the product SME for Sales, Underwriting, Training, Ops, and Marketing. • Work with Marketing to build competitive product collateral, AE-facing materials, and market-facing content. • Deliver product training sessions for internal teams, clients, investors, and industry partners. • Maintain a robust understanding of the Non-QM & other relevant products competitive landscape, including guideline changes, overlays, price movements, and emerging program trends. • Conduct ongoing benchmarking of product guidelines against peers and investors. • Provide executive leadership with recommendations to strengthen Deephaven’s product positioning. • Analyze loan production quality, pull-through, and margin impacts across products. • Track performance by channel, program, credit bucket, and geography to identify opportunities for product expansion or tightening. • Develop product dashboards and KPIs in partnership with Business Intelligence or FP&A.

🎯 Requirements

• 8–12+ years of mortgage experience, with at least 5+ years specifically in Non-QM or Non-Agency. • Deep understanding of capital markets, pricing, underwriting, guideline development, and product design. • Proven experience creating or managing Non-QM loan programs. • Strong analytical skills, including the ability to interpret investor tapes, securitization data, credit trends, and performance analytics. • Demonstrated ability to communicate complex loan structures clearly across sales, underwriting, and operations. • Experience partnering directly with executive leadership and external investors. • Exceptional writing skills for guideline drafting, product summaries, and market updates. • Bachelor’s degree required; advanced degree or relevant certifications a plus.

🏖️ Benefits

• Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all) • Future Finance Focused – Generous employer-matched 401(k) plan • Community Connect– Philanthropy Committee that creates charitable initiatives • Health from Day One – Comprehensive health insurance starting on day one of employment • Family Matters – Competitive maternity and paternity leave • Culture & Celebrations – Culture Committee with team-building events and celebrations • Ideas Welcome – Encouraging thought leadership and innovation • Guidance & Growth – Mentorship opportunities for career development • Perk Up – Exclusive discounts on travel, tech, pets, legal, and more