Director, Business Purpose Lending (BPL) Diligence

Radian

20d•$76,000 - $116,000

About The Position

The Director, Business Purpose Lending Diligence, is responsible for the day-to-day management of the Business Purpose Loan Diligence operation. This role will be focused on the delivery of high-quality products, improved processes, staffing/structure, and production optimization within the department.

Requirements

HS Diploma or GED
6 or more years of prior work-related experience
Strong knowledge of all aspects of the Business Purpose Lending Diligence business and the real estate business in general.
Must possess strong reporting and analytical skills.
Strong interpersonal, communication, and presentation skills across multiple domains (written, verbal, impersonal, listening).
General working knowledge of regulations, rating agency guidelines, attorney and document requirements for issuers and sponsor securitization requirements.
Strong Microsoft Office skills.
Ability to prioritize, plan, and problem-solve and be able to assist team members in doing the same.
Ability to accurately and timely answer questions and handle multiple interruptions with ease.

Nice To Haves

Bachelor's Degree

Responsibilities

Oversee day-to-day BPL diligence operations and ensure the team exceeds the key performance metrics including on time delivery, time in process and production.
Have expert knowledge of underwriting criteria and loan requirements.
Subject Matter Expert on document review including but not limited to:
Credit
Background
Appraisal
Title
Settlement statement (HUD-1)
Entity documents
Mortgage
Repair budgets
Any other documents require per client scope of work
Review and analyze team production data in Laura Mac and prepare daily status reports, manage team workflow to ensure timely and accurate product delivery.
Conduct effective communications with clients including validation of loan package documents and preparation of reporting of exceptions.
Work with leadership to maintain appropriate staffing levels and work to ensure all team members are provided proper mentoring and development to achieve their developmental goals.
Review current BPL processes and ensure team is performing at optimum levels while focusing on continuous process improvement to help the department meet all performance and financial goals.
Ensure client system of records are updated and complete.
Perform other duties as assigned or apparent.

Benefits

Competitive Compensation: anticipated base salary from $76,000 to $116,000 based on skills and experience. This position is eligible to participate in an annual incentive program.
Rest and Relaxation. This role is eligible for 25 days of paid time off annually, which is prorated in the year of hire based on hire date. In addition, based on your hire date, you will be eligible for 9 paid holidays + 2 floating holidays. Parental leave is also offered as an opportunity for all new parents to embrace this exciting change in their lives.
Our Company Makes an Impact. We’ve been recognized by multiple organizations like Bloomberg’s Gender-Equality Index, HousingWire’s Tech 100, and The Forum of Executive Women’s Champion of Board Diversity. Radian has also pledged to SHRM’s CEO Action for Diversity & Inclusion commitment.
Comprehensive Health Benefits. Multiple medical plan choices, including HSA and FSA options, dental, vision, and basic life insurance.
Prepare for your Future. 401(k) with a top of market company match (did we mention the company match is immediately vested?!) and an opportunity to participate in Radian’s Employee Stock Purchase Plan (ESPP).
Homebuyer Perks. Our Homebuyer Perks program helps employees navigate the home searching, buying, selling, and refinancing processes and provides valuable financial benefits to encourage, enable, and support home ownership.
Additional Benefits. To learn more about our benefits offerings, visit our Benefits Page.

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