Product Development Manager
About The Position
The Product Development Manager researches, evaluates, develops, and implements mortgage products and financing programs to strengthen HUNT Mortgage’s competitiveness, expand lending opportunities, and support company growth. The role requires broad knowledge of mortgage investor guidelines, agency and government lending programs, non-QM products, secondary market requirements, and emerging lending opportunities. Working with executive management and teams across Sales, Underwriting, Secondary Marketing, Compliance, Operations, and Technology, the manager identifies market needs, evaluates investor offerings, and introduces products that are operationally feasible, financially sound, and compliant. The position also supports Mortgage Consultants with product guidance and education, monitors product performance and profitability, and helps ensure the company can meet changing borrower and market needs.
Requirements
- Extensive knowledge of residential mortgage products, underwriting guidelines, and investor requirements.
- Strong understanding of conventional, FHA, VA, USDA, and specialty mortgage financing.
- Experience in mortgage product development, underwriting, secondary marketing, capital markets, or related mortgage banking functions.
- Strong analytical and problem-solving abilities.
- Ability to interpret complex investor guidelines and translate them into practical business solutions.
- Excellent organizational, communication, presentation, and project management skills.
- Strong working knowledge of mortgage loan origination systems and related technology.
- Ability to collaborate effectively across Sales, Operations, Secondary Marketing, Underwriting, and Compliance.
Nice To Haves
- Familiarity with non-QM, jumbo, renovation, construction, and other alternative lending programs.
Responsibilities
- Research and evaluate mortgage products, lending programs, and financing opportunities, including conventional, government, jumbo, non-QM, renovation, construction, adjustable-rate, and specialty products.
- Monitor offerings and guideline changes from Fannie Mae, Freddie Mac, FHA, VA, USDA, investors, and other lending sources.
- Assess borrower needs, market demand, eligibility requirements, pricing competitiveness, competitor offerings, portfolio gaps, and production opportunities; present product recommendations to executive management.
- Compare investor programs, underwriting guidelines, overlays, credit and documentation requirements, property eligibility, pricing, execution, delivery requirements, and potential profitability.
- Assist with evaluating and onboarding investor relationships and maintain current knowledge of investor announcements and program changes.
- Lead implementation of approved products by coordinating with Underwriting, Processing, Closing, Secondary Marketing, Compliance, Operations, and Technology.
- Develop implementation plans, timelines, procedures, product guidelines, matrices, reference materials, and training requirements.
- Assist with loan origination system configuration and product testing; identify and resolve operational issues before launch and ensure products are appropriately approved and supported.
- Provide product support to Mortgage Consultants and sales leadership, including assistance with complex borrower scenarios and financing alternatives in coordination with Underwriting.
- Develop and deliver training, prepare product comparisons and educational materials, communicate product changes and opportunities, and collaborate with Marketing on accurate promotional materials.
- Monitor product utilization, production volume, profitability, effectiveness, operational challenges, investor issues, and loan performance trends; recommend changes or discontinuation when appropriate.
- Maintain an organized, current inventory of mortgage products and investor options.
- Coordinate with Compliance and Underwriting to address regulatory requirements, investor eligibility, disclosure considerations, operational risks, documentation, training, and internal controls.
- Monitor regulatory and investor changes and escalate potential compliance, repurchase, or investor delivery concerns to management.
- Participate in strategic initiatives and special assignments; research mortgage trends, technology developments, and market opportunities; prepare proposals, business cases, comparative analyses, and management presentations.
- Collaborate across departments to support companywide growth and operational improvement.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
