Mortgage Securitization Credit Associate

Invictus Capital Partners / Verus Mortgage Capital•Bloomington, MN

8h•Remote

About The Position

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. We are seeking a detail-orientated and experienced mortgage professional with strong expertise in underwriting, compliance, and securitization. This role involves evaluating underwriting exceptions and mitigation, collaborating with internal teams and third- party partners, and supporting the end-to-end securitization process. The ideal candidate will have in-depth knowledge of mortgage regulations, risk assessment and product guidelines, along with a proven ability to manage multiple priorities in a fast-paced, deadline-driven environment. Effective communication skills, strong analytical thinking and a commitment to continuous process improvement are essential for success in this role. This position is eligible for remote work; however, local candidates will be required to work a hybrid schedule onsite during the first 90 days for training and onboarding purposes. After the initial training period, a more flexible arrangement may be considered.

Requirements

High school diploma or equivalent
Minimum of 5 years of current mortgage underwriting experience, including Non-QM mortgage underwriting
Strong underwriting and analytical skills, with the ability to evaluate credit risk issues from both business and technical perspectives
Proficiency in Microsoft Excel and Word
Demonstrated project management skills, including coordination of multiple stakeholders in the securitization process leading to successful closings
Experience managing third-party service providers
Proven ability to work under pressure and meet tight deadlines
Excellent oral and written communication skills
In-depth knowledge of mortgage loan production, and the securitization process
Comprehensive understanding of federal and state mortgage compliance regulations, including RESPA, TILA, and HMDA and applicable state specific requirements
Strong ability to work independently and collaboratively within a small team environment
Proficiency in AI tools and technologies (e.g., generative AI platforms, automation tools, and data analytics applications) and the ability to leverage them to enhance risk analysis, support process improvement initiatives, and drive operational optimization

Responsibilities

Review underwriting exceptions and documented compensating factors to ensure acceptability and address issues at the time of securitization
Monitor transaction timelines, loan documents, securitization documentation, platforms and parties involved to facilitate successful securitization of mortgage assets
Collaborate with third-party diligence providers, attorneys, banking partners, and internal teams to coordinate securitization activities
Ensure asset reviews and data from third party diligence firms are accurate and meet rating agency requirements for securitization
Conduct ongoing evaluation of the existing loan portfolio, including underwriting criteria and product parameters, to identify and resolve any securitization eligibility concerns
Contribute to the development and continuous improvement of internal procedures and documentation related to securitization and credit processes
Collaborate with the Operational team and perform additional duties as needed to support asset acquisition and as assigned by management.