Progress Residential

Correspondent Account Executive

Progress Residential$80K — $95K *
US-Anywhere
+ 20 other locationsRemote
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, finance, or related field (preferred)
  • Minimum 3 plus years of experience in mortgage sales, account management, or correspondent lending, preferably with non-QM products
  • Strong understanding of non-QM mortgage programs, underwriting guidelines, and industry regulations
  • Proven ability to develop and maintain successful business relationships
  • Excellent communication, negotiation, and presentation skills
  • Self-motivated, goal-oriented, and capable of working independently
  • Proficiency in CRM tools and mortgage software platforms

Responsibilities

  • Identify and recruit new correspondent lenders to expand the company's portfolio
  • Build and maintain strong relationships with existing correspondent accounts to maximize production
  • Develop and execute strategies to meet and exceed sales targets
  • Serve as the primary point of contact for assigned accounts, providing guidance on loan scenarios, products, and guidelines
  • Monitor and manage the loan pipeline to ensure timely submissions, approvals, and fundings
  • Collaborate with operations, underwriting, and closing teams to resolve issues and ensure a smooth process
  • Educate correspondent lenders on non-QM offerings and how to effectively market them to their borrowers

Benefits

  • Flexible Time to Recharge - Personalized Time Off for What Matters
  • Generous employer-matched 401(k) plan
  • Comprehensive health insurance starting on day one of employment
  • Competitive maternity and paternity leave
  • Culture Committee with team-building events and celebrations
  • Mentorship opportunities for career development
  • Exclusive discounts on travel, tech, pets, legal, and more
Full Job Description
Job Overview

The Correspondent Account Executive is responsible for developing and maintaining relationships with correspondent lending partners to drive the origination and funding of non-QM loans. This role involved identifying new business opportunities, managing accounts, and providing exceptional support to correspondent lenders. The Correspondent Account Executive serves as a trusted advisor, ensuring partners understand our products and guidelines, while meeting production goals and maintaining compliance standards.

What You'll Do

Business Development:
  • Identify and recruit new correspondent lenders to expand the company's portfolio
  • Build and maintain strong relationships with existing correspondent accounts to maximize production
  • Develop and execute strategies to meet and exceed sales targets


Account Management:
  • Serve as the primary point of contact for assigned accounts, providing guidance on loan scenarios, products, and guidelines.
  • Monitor and manage the loan pipeline to ensure timely submissions, approvals, and fundings
  • Collaborate with operations, underwriting, and closing teams to resolve issues and ensure a smooth process


Product Expertise:
  • Maintain in-depth knowledge of non-QM products, guidelines, and industry trends
  • Educate correspondent lenders on non-QM offerings and how to effectively market them to their borrowers
  • Provide training and support on the company's processes, technology platforms


Compliance and Quality Assurance:
  • Ensure all loans submitted by correspondent lenders meet company policies, investor requirements, and regulatory standards
  • Assist in resolving deficiencies or compliance issues identified during the loan process
  • Monitor account performance and address any quality control concerns


Reporting and Communication:
  • Provide regular updates to management on account performance, market trends, and competitive intelligence
  • Deliver detailed reporting on production metrics, pipeline status, and business development activities


What We Need
  • Bachelor's degree in business, finance, or related field (preferred)
  • Minimum 3 plus years of experience in mortgage sales, account management, or correspondent lending, preferably with non-QM products
  • Strong understanding of non-QM mortgage programs, underwriting guidelines, and industry regulations
  • Proven ability to develop and maintain successful business relationships
  • Excellent communication, negotiation, and presentation skills
  • Self-motivated, goal- oriented, and capable of working independently
  • Proficiency in CRM tools and mortgage software platforms


Our Perks

Flexible Time to Recharge - Personalized Time Off for What Matters (because rest isn't one-size fits all)
Future Finance Focused - Generous employer-matched 401(k) plan
Community Connect- Philanthropy Committee that creates charitable initiatives
Health from Day One - Comprehensive health insurance starting on day one of employment
Family Matters - Competitive maternity and paternity leave
Culture & Celebrations - Culture Committee with team-building events and celebrations
Ideas Welcome - Encouraging thought leadership and innovation
Guidance & Growth - Mentorship opportunities for career development
Perk Up - Exclusive discounts on travel, tech, pets, legal, and more

About Progress Residential

Progress Residential is a real estate investment trust that owns and manages single-family rental homes. The company was founded in 2012 and is headquartered in Phoenix, Arizona. Progress Residential's portfolio includes over 40,000 homes in 20 markets across the United States. The company's mission is to provide high-quality rental homes and exceptional customer service to its tenants. Progress Residential offers a variety of amenities and services, including online rent payments, maintenance requests, and 24/7 customer support.
Learn more about Progress Residential
Size
1,000 employees
Industry

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