Due Diligence Manager

Acra Lending•Irvine, CA

1d•$90,000 - $110,000•Onsite

About The Position

The Due Diligence Manager is responsible for overseeing post-close processing, data compare exceptions, and third-party due diligence review (TPR) processes to ensure loan quality, regulatory compliance, and to support loan sale readiness. This role integrates underwriting expertise and operational leadership to manage pipeline flow, enforce service level agreements (SLAs), and resolve findings, data discrepancies, and investor conditions. The Due Diligence Manager plays a critical role in identifying trends and partnering with internal stakeholders to drive resolution of defects.

Requirements

Ability to articulate issues and create possible solutions
Creative and outside of the box thinking
Ability to problem solve and analyze
Expertise in state and federal lending regulations
Proven ability to resolve Post Closing escalations with Settlement Agents/Attorneys
5+ years of recent Underwriting experience, quality control, or due diligence
Minimum of 3 years of leadership or management experience in mortgage operations or compliance
Experience with Post Close CD issuance
Experience underwriting Non-QM and “Alt-A” paper mortgage loans required
Ability to read and comprehend simple instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
Ability to apply common sense understanding to carry out detailed instructions.
Ability to deal with problems involving a few concrete variables in standardized situations.
Advanced knowledge of Microsoft Office applications (Word, Excel, Outlook, etc).

Nice To Haves

Experience managing third-party vendors or audit functions preferred

Responsibilities

Monitor and manage pipeline queues to ensure timely movement of post close processing, findings, exceptions, and conditions
Manage workload distribution and prioritization across team members
Perform second-level review and escalation support for Post Close Processing and Due Diligence impacting loan flow and delivery
Oversee and report on due diligence volume, aging, review of findings and corrective action tracking.
Monitor and resolve issues that may impact investor delivery or pricing execution
Escalate material findings, trends, and defect patterns to leadership
Support internal and external audits, regulatory reviews, and investor due diligence requests
Prepare and deliver reporting TPR results to identify trends and opportunities for process improvement
Manage TPR vendor performance, SLA adherence, and quality standards
Partner with internal stakeholders and vendors to drive resolution of defects
Oversee reconciliation of TPR data against system of record; coordinate with internal teams to resolve data variances and report discrepancies
Ensure adherence to operational SLAs, production goals, and turnaround expectations
Responsible for supervision, oversight/development and mentorship of their assigned team members.
Other duties as assigned