Residential Mortgage Loan Associate

Pacific Life

2d

About The Position

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own. We’re actively seeking a talented Residential Mortgage Loan Associate to join our Residential Whole Loan Investment Team in Newport Beach, CA. As a Residential Mortgage Loan Associate, you’ll play a key role in Pacific Life’s growth and long-term success by preparing investment packages, including loan collateral reviews, comprehensive underwriting analysis. You will be integrally involved in building a residential loan management platform (loan data risk stratification, portfolio reporting, developing/implementing underwriting guideline reports and loan loss modeling). How you'll help move us forward: Work within a residential whole loan management team to develop and support quantitative, statistical, and analytical risk strategies as part of managing external 3rd party investment mandates. Perform and implement residential whole loan credit evaluation, underwriting processes, diligence, risk analysis/pricing and portfolio management reporting. Integrate and evaluate loan level data from 3rd party manager into internal portfolio processes/tools/systems (Excel, RiskSpan, Bloomberg, Intex) Supplement manager provided investment reports with market research/data, RMBS/Mortgage loan pricing, economic and consumer data to produce investment packages for senior management review. Build and operate internal residential whole loan platform (loan stratification, loss modeling, loan/investment performance) to provide detailed portfolio risk exposures, manager/loan strategy aggregation and overall portfolio performance/surveillance. The experience you bring: 3-5 yrs working as part of a residential real estate investment management group, preferably with direct experience managing residential mortgage loans (Prime, Non-QM loans, DSCR/Investor Loans, Residential Transition Loans (Fix-N-Flip), GNMA - Early Buy Out (EBO) loan servicing, RPL, HELOC, SFR) Experience evaluating market risk issues; loan collateral terms, residential loan investment strategies. Having knowledge of consumer economic risk factors that affect loan pricing and performance. Residential mortgage production, origination and capital market sales. Experience with loan pricing and rate sheets, underwriting guidelines, 3rd party loan sales Experience investment bank/broker - RMBS trading, securities sales/management. Advanced use of Excel and other related financial analysis tools (Bloomberg, Intex, RiskSpan) What makes you stand out: Bachelor’s Degree, with emphasis in Economics/Finance Strong experience working with data sets, presentations, and reporting (Excel, PowerPoint, External Data providers) You can be who you are. People come first here. We’re committed to an inclusive workforce. Learn more about how we create a welcoming work environment at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife. #LI-AJ1 Base Pay Range: The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay. $124,830.00 - $152,570.00 Your Benefits Start Day 1 Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered. Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off Paid Parental Leave as well as an Adoption Assistance Program Competitive 401k savings plan with company match and an additional contribution regardless of participation You Can Be Who You Are We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife EEO Statement: Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company. We’re over 150 years old, but there’s more to us than heritage. We’re ambitious. We’re committed to building a better future – for our organization, our employees, our customers, and our communities – and we have the experience, resources, and financial strength to make it happen. We’re investing in innovation. We’re honing our expertise. We’re empowering our people: growing digital skills and fostering the disruptive thinking we need to give us the edge in an increasingly competitive global marketplace. Have ambitions of your own? Let’s achieve them together. At Pacific Life, we believe that success comes down to our people. That’s why we’re committed to embracing a flexible, diverse, and inclusive workplace where you can be your best self and do your best work. Our people-first culture creates a sense of belonging and prioritizes employee wellbeing, empowering you to achieve your full potential through our holistic health benefits, flexible working options, and a vibrant community of people working towards a shared purpose. You can connect with colleagues through employee connections groups, sharing your passions, interests, and ideas. Learn more about our Life at Pacific Life. Don't see the dream job you are looking for? Click "Get Started" below to drop off your contact information and resume and we will reach out to you if we find a match.

Requirements

• 3-5 yrs working as part of a residential real estate investment management group, preferably with direct experience managing residential mortgage loans (Prime, Non-QM loans, DSCR/Investor Loans, Residential Transition Loans (Fix-N-Flip), GNMA - Early Buy Out (EBO) loan servicing, RPL, HELOC, SFR)
• Experience evaluating market risk issues; loan collateral terms, residential loan investment strategies.
• Having knowledge of consumer economic risk factors that affect loan pricing and performance.
• Residential mortgage production, origination and capital market sales.
• Experience with loan pricing and rate sheets, underwriting guidelines, 3rd party loan sales
• Experience investment bank/broker - RMBS trading, securities sales/management.
• Advanced use of Excel and other related financial analysis tools (Bloomberg, Intex, RiskSpan)

Nice To Haves

• Bachelor’s Degree, with emphasis in Economics/Finance
• Strong experience working with data sets, presentations, and reporting (Excel, PowerPoint, External Data providers)

Responsibilities

• Work within a residential whole loan management team to develop and support quantitative, statistical, and analytical risk strategies as part of managing external 3rd party investment mandates.
• Perform and implement residential whole loan credit evaluation, underwriting processes, diligence, risk analysis/pricing and portfolio management reporting.
• Integrate and evaluate loan level data from 3rd party manager into internal portfolio processes/tools/systems (Excel, RiskSpan, Bloomberg, Intex)
• Supplement manager provided investment reports with market research/data, RMBS/Mortgage loan pricing, economic and consumer data to produce investment packages for senior management review.
• Build and operate internal residential whole loan platform (loan stratification, loss modeling, loan/investment performance) to provide detailed portfolio risk exposures, manager/loan strategy aggregation and overall portfolio performance/surveillance.

Benefits

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off
• Paid Parental Leave as well as an Adoption Assistance Program
• Competitive 401k savings plan with company match and an additional contribution regardless of participation

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level