Employment Type: Full-Time
Job Summary:
We are seeking an experienced DSCR Correspondent Lending Manager to lead the development and expansion of our DSCR (Debt Service Coverage Ratio) correspondent mortgage program. This role is responsible for transitioning our current DSCR mortgage loan brokerage into a full-scale correspondent lending platform. The ideal candidate will have a deep understanding of DSCR lending, underwriting, strong relationships with investors and capital markets, and the ability to build and lead a high-performing team.
Key Responsibilities:
- Develop and implement a DSCR correspondent lending program, including policies, procedures, and investor relationships.
- Oversee the transition from brokering DSCR mortgage loans to originating and funding them as a correspondent lender.
- Build and manage a team to support correspondent operations, including underwriting, loan processing, and servicing.
- Establish and maintain relationships with investors, capital markets, and secondary market buyers to ensure liquidity and competitive pricing.
- Ensure compliance with state and federal regulations governing DSCR lending and correspondent mortgage operations.
- Collaborate with internal stakeholders, including finance, sales, and risk management, to optimize lending operations.
- Monitor market trends, pricing strategies, and risk management practices to ensure profitability and competitiveness.
- Drive loan volume growth while maintaining sound underwriting practices and portfolio performance.
- Design and Launch Product Guidelines: Spearhead the creation of DSCR product guidelines, credit box, and pricing matrices in collaboration with capital markets and risk.
- Technology & Systems Development: Partner with tech and operations teams to select and implement appropriate LOS, pricing engines, and data tools tailored to DSCR underwriting and correspondent workflows.
- Investor Package Creation: Develop and maintain investor-facing marketing materials, data tapes, and reporting structures to support loan sales and securitizations.
- Warehouse Line Setup & Management: Assist in securing and managing warehouse lines specifically for DSCR products, including structuring advance rates and reporting covenants.
- Scalability Planning: Create and manage a strategic roadmap to scale DSCR correspondent operations nationally, including onboarding state licenses, correspondent partners, and new channels.
Qualifications:
- 5+ years of experience in mortgage lending, with a focus on DSCR or non-QM loans.
- Proven experience in correspondent lending, capital markets, or secondary mortgage operations.
- Strong knowledge of DSCR mortgage underwriting guidelines, investor requirements, and risk assessment.
- Demonstrated ability to build and lead a team in a high-growth environment.
- Excellent relationship management skills with investors, warehouse lenders, and other key stakeholders.
- Strong analytical and strategic thinking skills with a focus on profitability and operational efficiency.
- Experience with loan origination systems (LOS), secondary market platforms, and compliance frameworks.
Benefits & Compensation:
- Competitive base salary + performance-based incentives.
- Health, dental, and vision insurance.
- 401(k) with company match.
- Professional development and career growth opportunities.
How to Apply:
Interested candidates should submit a resume, cover letter, and any relevant certifications or licenses via E-Mail to [email protected]