Mortgage Securitization Credit Associate

This is an exciting opportunity to join an industry leader in a growing market.  We offer a fast paced and fun environment where your input and experience are valued.

Company

Verus Mortgage Capital is an independent national mortgage investor. Verus offers it’s Sellers responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.

Role

Verus Mortgage Capital is seeking a Mortgage Securitization Credit Associate to join our growing team.  Securitization Credit Associate is responsible for the timely, accurate and efficient preparation of mortgage assets for securitization, partnering with sellers/clients and acquisition counterparts to purchase viable mortgage transactions that can be successfully securitized. The ideal candidate must be extremely organized, and detail oriented with strong time management skills.  The office is in Bloomington, MN and we prefer a local candidate. However, remote candidates will be considered.

Accountabilities

  • Review underwriting exceptions and documented compensating factors for acceptability and/or to address questions at time of securitization.
  • Follow transaction timelines, loan documents, securitization documents, sites and multiple parties associated with the successful securitization of mortgage assets.
  • Interact with third-party diligence providers, attorney’s, banking partners and internal counterparts.
  • Work with internal counterparts and third-party diligence firms to ensure reviews and data of assets purchased is accurate and meets rating agency requirements for securitization.
  • Continual evaluation of existing loan portfolio including underwriting and product parameters to resolve any concerns regards securitization eligibility
  • Work with team to continually develop the process and procedures document related to securitization and credit processes.
  • Willingness to work with Operational team on any other duties necessary to acquire assets or as assigned by management.

Required Skills/ Abilities

  • Strong underwriting and analytical skills with the ability to address credit risk issues from both a business and technical perspective.
  • In depth knowledge of mortgage underwriting, product guidelines, production, and securitization process
  • Project management skills, including a demonstrated ability to manage multiple parties involved in the securitization process where results and actions conclude with a successful closed securitization.
  • Ability to work under pressure within short timeframes
  • Strong oral and written communication skills
  • Current knowledge of state and federal compliance and regulatory environment
  • Ability to work both independently and collaboratively within a small team environment.
  • Proficient with Microsoft Excel and Word

Education and Experience

  • Minimum of 5 years current mortgage underwriting experience with 3+ years of non-prime mortgage underwriting.
  • Experience managing third-party providers

 

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