Manager – Non-QM Credit Risk Solutions

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🕒 June 26

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Premier Mortgage Associates

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 1996

💼 Consulting

🛡️ Insurance

💸 Finance

Consulting • Insurance • Finance

Premier Mortgage Associates is a mortgage lending company that provides a wide range of home financing products designed for purchasing and refinancing homes. With over 25 years of experience, they offer a variety of loan programs including FHA, VA, Jumbo, and more, aimed at catering to diverse financial needs with competitive rates. Their team is dedicated to exceptional customer service, emphasizing a seamless loan process and strong client relationships.

📋 Description

• Management of the NonQM Exception Desk, ensuring Exceptions are reviewed according to the companys risk appetite, are decisioned in a timely manner, and are monitored and tracked. • Provide monthly reporting to the Division on Exception Activity, including volume of exceptions received, decisions issued, common approved and denied exceptions, as well as any themes to share with the Division. • Maintain the Exception Policy and Approval Form. Make and/or request updates as needed and ensure updates are distributed appropriately to all parties. • Management of the Scenario Desk, ensuring scenario requests are evaluated and solutions are provided to maximize the business opportunities for our sales partners, both internally and externally. • Provide guidance and support to Underwriting Managers and the team. Address escalations or concerns with files in process, working towards resolution and supporting the underwriting team. • Complete second level review on loan files as needed. • Work with our offshore underwriting vendors to ensure they are meeting or exceeding our quality, quantity, and customer service standards. • Work closely with post-closing and channel leadership to cure investor suspensions. • Review PFQC quality control results and work with the underwriters to get defects cured. • Assist Underwriting Managers with information for regular team meetings to ensure clear communication to the department and sharing and implementing of best practices. • Assist with underwriting onboarding, as necessary. • Effectively communicate to our sales and operations partners, including providing direction and support on credit and underwriting related topics. • Performs other related duties as assigned.

🎯 Requirements

• Degree: High School Diploma or Equivalent. • 5+ years prior underwriting management experience required. • 10+ years underwriting experience with complex loan scenarios including manual underwriting expertise • 5+ years Non-QM underwriting experience

🏖️ Benefits

• Medical Plan • Dental Plan • Vision Plan • GAP Insurance • Life Insurance paid by the company • Voluntary Life Insurance • 401K • Pet Insurance • Legal Shield/ID Shield