Manager of Non-QM Credit Risk Solutions

Job Description

Job Description

Are you ready to advance your career in a dynamic, industry-leading environment? Join NQM Funding, LLC, a top secondary market investor renowned for our expertise and innovation in the Non-QM space. We operate both wholesale and correspondent channels, backed by our strong partnership with a global investment management firm. At NQM Funding, LLC, we offer cutting-edge programs, exceptional service, and highly competitive pricing.

By joining our team, you’ll have the opportunity to work with a focused and passionate group of professionals who are committed to shaping the future of Non-QM lending. We offer an environment where your expertise is valued and your career aspirations can flourish. If you’re looking for a place to grow and make a tangible impact in the industry, NQM Funding, LLC is the perfect fit for you. Apply now to be part of a company that’s redefining excellence in Non-QM lending!

Our TPO Underwriting Department is looking to hire a Manager of Non-QM Credit Risk Solutions.

ALL REMOTE POSITIONS REQUIRE A DOWNLOAD SPEED OF NO LESS THAN 100 MBPS.

NQM FUNDING, LLC IS ACTIVELY RECRUITING FOR THIS POSITION AND ANTICIPATES FILLING THE ROLE WITHIN APPROXIMATLEY 90 DAYS OF THE POSTING DATE. THIS JOB POSTING IS FOR A CURRENT OPENING THAT NQM FUNDING REASONABLY EXPECTS TO FILL WITHIN THAT TIMEFRAME. THE ANTICIPATED START DATE WILL BE DETERMINED UPON SELECTION OF A CANDIDATE AND IS SUBJECT TO BUSINESS NEEDS AND CANDIDATE AVAILABITY. THIS POSTING MAY BE REMOVED AT ANY TIME, INCLUDING BEFORE THE ANTICIAPTED 90-DAY PERIOD, IF THE POSITION IS FILLED, BUSINESS NEEDS CHANGE, OR THE HIRING NEED NO LONGER EXSISTS.

Job Title: Manager of Non-QM Credit Risk Solutions

Reports To: AVP of Non-QM Credit Risk

FLSA Status: Exempt

Department: TPO Underwriting

Division: Non-QM TPO

Salary Range: $120K to $140K per year

Summary:

This individual is responsible for developing and implementing credit risk management strategies, policies and procedures to ensure sound lending practices and minimize credit losses. The Manager of Non-QM Credit Risk Solutions will have oversight of the Exception and Scenario Desks and will be tasked with structuring loans to meet NQM Lending Guidelines and offering solutions to assist our sales partners, both internally and externally. The primary focus is to ensure that the company is effectively balancing loan level and client level risk while also growing the business through providing superior service.

Duties and Responsibilities:

• Management of the NonQM Exception Desk, ensuring Exceptions are reviewed according to the company’s 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.

Skills:

• Strong Organizational Skills
• Ability to multi-task
• Ability to Motivate Team Members
• Exceptional Customer Service Skills
• Math and critical thinking skills
• Strong Problem-Solving Skills

Education/Experience:

• 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

NQM Funding, LLC offers the following 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

Equal Employment Opportunity:

NQM Funding, LLC management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment.

NQM Funding, LLC will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.

NQM Funding, LLC will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to NQM Funding, LLC.

NQM Funding does not utilize Artificial Intelligence (AI) to assist in the hiring decisions regarding applicants or candidate selection.