Progress Residential

Manager, Diligence Production Flow

Progress Residential$100K — $120K *
US-Anywhere
+ 2 other locationsRemote
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years in residential mortgage, preferably in due diligence services.
  • Strong knowledge of credit, compliance, and fraud risk in mortgage loans.
  • Skilled in analyzing and resolving complex problems and negotiations.
  • Familiarity with various loan products including Non-QM and Business Purpose Loans.
  • Proficient in researching intricate documents and summarizing findings.
  • Excellent client relationship management abilities.
  • In-depth understanding of elements indicating potential fraud.

Responsibilities

  • Review client guidelines and convey requirements to the team.
  • Lead and manage the Quality Control analysts and feedback processes.
  • Achieve production goals for both quality and quantity while adhering to SLAs.
  • Coordinate with the VP of Operations for immediate feedback incorporation.
  • Analyze trends or issues that could indicate broader problems.
  • Resolve inquiry issues and communicate necessary actions to stakeholders.
  • Ensure compliance with all regulatory policies.

Benefits

  • Fully remote work opportunity.
  • Engagement with senior management for alignment on organizational objectives.
  • Focus on team development through feedback and performance coaching.
Full Job Description

Position Summary:

The Diligence Manager - Production Flow is responsible for managing the production and delivery of the offered services. The Manager directly manages the Loan Review Quality Control team and reports finding to clients and management stakeholders. The Manager will work closely with internal departments on due diligence coordination and business needs.

This is a fully remote opportunity!

Essential Duties and Responsibilities include the following.  Other duties may be assigned.

  • Review client scope, guidelines and requirements and communicate to the team for each engagement.
  • Manage Quality Control analysts and proper feedback loop.
  • Responsible for production goals for quantity and quality and meeting SLAs.
  • Communicate internally with the VP of Operations to ensure feedback is incorporated in real time.
  • Understand and be able to articulate daily/weekly/monthly system and operations processes.
  • Identifying trends or inconsistencies which can point to potential widespread problems.
  • Evaluating inquiry problems and ascertaining action steps needed for resolution and effectively communicate to all parties involved.
  • Ensure regulatory and compliance policies are implemented and followed appropriately.
  • Set team goals, objectives and define employee performance plans to meet established goals.
  • Measure progress and provide timely feedback and coaching to develop staff performance and skill levels as appropriate.
  • Develop and engage with senior management level to ensure team is aligned to support organization objectives, solve complex problems and report status for action items.
  • Maintain a continuous focus on management reporting in conjunction with input from the Operations Executive.
  • Manage track and report results against established metrics both individually by business and jointly for the combined businesses.
  • Maintain and drive improvements in overall client experience.
  • Create a culture that encourages and rewards timely escalation and resolution of client and non-client impacting issues.


Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The qualified candidate must have:

  • Minimum 8 years’ experience in residential mortgage, preferred if primarily due diligence services.
  • Detailed understanding of credit, compliance, valuation and fraud risk with respect to residential mortgage loans.
  • Analytic creativity, negotiation and problem solving skills, using a wide range of information and perspective to identify current conditions and needs.
  • Good knowledge of loan products, in particular: Non QM, Business Purpose Loans, Second Lien and Equity products in addition to Seasoned Loan compliance reviews
  • Ability to efficiently and accurately research complex documents and provide results in a concise and thoughtful format
  • Solid understanding of the client’s profile, their business and risk appetite.
  • Excellent client relationship management skills.
  • In depth knowledge and understanding of transaction components that indicate a potential for fraud.
  • Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas.
  • Strong professional and interpersonal communication skills verbally and through written electronic correspondence.
  • Ability to work well under pressure, handle competing priorities and meet deadlines.
  • A high level of confidentiality to protect privacy rights.
  • Excellent listening skills and the ability to use good judgment.


Education/Experience:

  • Bachelor's degree (BS/BA) or higher from an accredited four-year college or university preferred. 
  • 5+ years relevant experience and/or training required.
  • Experience in working with large companies involved in the mortgage chain. Mortgage operations experience (servicing, due diligence and origination).
  • 8+ years' experience in transaction management, contract review, project management, or equivalent.


Computer Skills:

  • Working knowledge of and experience with Microsoft Office (Word, Excel and Outlook) required.
  • Previous experience with due diligence applications required, project management software preferred.


Travel: Some travel may be required.


The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.

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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