Vice President Product Development & Pricing Strategy

Evergreen OpeningsBellevue, WA
23h$67,000 - $129,000

About The Position

The Vice President Product Development & Pricing Strategy creates new programs, adds new investors, launches new products, and collaborates to give recommendations on the company’s pricing strategy. The role is responsible for keeping abreast of market changes, gathering competitor intel on products and pricing, and presenting ideas to gain market share while maintaining margin.

Requirements

  • 4-5 years Secondary Marketing with mortgage program and product launch experience required.
  • Independent Mortgage Banking (IMB) experience preferred in addition to history of working with banks and credit unions.
  • Ability to cold call on financial institutions and make introductions and set up meetings on behalf of EHL.
  • Experience with Optimal Blue margin and market share reporting software preferred.
  • Experience with Rate Survey products such as Informa.
  • Must be self-directed and able to change direction quickly even when in the middle of a project and keep an open mind to other ideas.
  • Exercise good judgment and strong character, motivated, hard working.
  • Ability to work well with fellow associates, clients and vendors.
  • Good communication skills.
  • Neat, clean, healthy work habits.
  • Requires all forms of dexterity and mobility throughout the shift, which may include extended periods of sitting and/or standing.
  • Occasionally required to reach with hands and arms, twist, climb or balance, stoop, kneel crouch or crawl.
  • Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral, depth perception and the ability to adjust focus.
  • Must be able to speak and hear, lift and carry up to twenty-five pounds (25 lbs.) or occasionally more.
  • Ability to work in a fast-paced, occasionally noisy environment.
  • May be required to drive for business purposes and if so, must hold a driver’s license in good standing and maintain personal auto insurance in compliance with EHL’s Auto Insurance policy.

Responsibilities

  • Responsible for creating and managing comprehensive project plans for the creation and implementation of new mortgage products.
  • Establish requirements for projects, timeline, budget, resources and priorities, and communicate with department managers, stakeholders, administration, marketing and training staff regarding requirements, project progress, scheduling and priorities.
  • Direct marketing and training efforts to support successful roll out and adoption of new products.
  • Ensure trainings communicate our unique selling proposition (USP) and value to the intended audience or customer. The 3 customers are: 1) Loan Officers, 2) Business Partners/ Realtors/ Builders 3) Borrowers
  • Meet with Branch Managers and Loan Officers to discuss and learn the customer challenges and pain points that could be solved by a unique product.
  • Research niche programs opportunities and decide if new investor relationships meet our product needs.
  • Network with Community Banks, Credit Unions and MI companies to discuss niche programs.
  • Attend Secondary Marketing Conferences and participate in investor meetings and develop new investor relationships.
  • Strong people skills and a deep network of industry relationships they actively use to stay informed on market dynamics and competitor activity.
  • They bring meaningful market insight through those relationships and have the credibility and contacts to attract top talent.
  • They can read the marketplace, see around corners, and proactively build strategies that anticipate and respond to changing markets and drive profitable market share growth.
  • Develop relationships with FNMA and FHLMC to partner with them on their strategic lending initiatives such as FHFA ‘Duty to Serve’ initiative.
  • Prepare Bulletins announcing new product offerings.
  • Work with Encompass admins to add new programs.
  • Ensure new investor and new program training is provided for operations such as closers, shipping and underwriting.
  • Assist with new DPA program approvals, new investor approvals and renewals.
  • Participate in New Employee Orientation to share innovative products and loan programs.
  • Work with PMO to provide agenda and present new information to Skunkworks team meetings.
  • Work with PMO to manage project plans that communicate tasks, milestone dates, status and resource allocation, as well as monitor progress.
  • Manage multiple projects simultaneously.
  • Other duties as assigned.

Benefits

  • Eligible associates (and their families) have the option to enroll in medical, dental, and/or vision coverage of which both the associate and the company contribute towards expenses.
  • Basic Life/AD&D insurance for eligible associates as well as a Short-term Disability benefit are provided by Evergreen.
  • Additional Voluntary Life/AD&D, Long-term Disability benefits and Legal/ID protection plans paid for by the associate are also available.
  • Associates are automatically enrolled in Evergreen’s 401(k) plan.
  • Personal Time Off (PTO) of up to 13.34 hours may be earned monthly and associates may enjoy 9 paid holidays each year.
  • Paid voluntary day of work, company matching on charitable donations and mortgage loan benefit.
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