Mortgage Securitization Credit Associate

Mortgage Securitization Credit Associate

Department: Securitization

Employment Type: Full Time

Location: Bloomington, MN

Reporting To: Vice President Securitization

Compensation: $90,000 - $100,000 / year

This is an exciting opportunity to join an industry leader in a growing market. We offer a fast-paced and fun environment where your input and experience are valued.

We are seeking a detail-oriented and experienced mortgage professional with strong expertise in underwriting, compliance, and securitization. This role involves evaluating underwriting exceptions and mitigation, collaborating with internal teams and third-party partners, and supporting the end-to-end securitization process. The ideal candidate will have in-depth knowledge of mortgage regulations, risk assessment and product guidelines, along with a proven ability to manage multiple priorities in a fast-paced, deadline-driven environment.

Effective communication skills, strong analytical thinking and a commitment to continuous process improvement are essential for success in this role.

This position is eligible for remote work; however, local candidates will be required to work a hybrid schedule onsite during the first 90 days for training and onboarding purposes. After the initial training period, a more flexible arrangement may be considered.

• Review underwriting exceptions and documented compensating factors to ensure acceptability and address issues at the time of securitization
• Monitor transaction timelines, loan documents, securitization documentation, platforms and parties involved to facilitate successful securitization of mortgage assets
• Collaborate with third-party diligence providers, attorneys, banking partners, and internal teams to coordinate securitization activities
• Ensure asset reviews and data from third party diligence firms are accurate and meet rating agency requirements for securitization
• Conduct ongoing evaluation of the existing loan portfolio, including underwriting criteria and product parameters, to identify and resolve any securitization eligibility concerns
• Contribute to the development and continuous improvement of internal procedures and documentation related to securitization and credit processes
• Collaborate with the Operational team and perform additional duties as needed to support asset acquisition and as assigned by management.

• High school diploma or equivalent
• Minimum of 5 years of current mortgage underwriting experience, including Non-QM mortgage underwriting
• Strong underwriting and analytical skills, with the ability to evaluate credit risk issues from both business and technical perspectives
• Proficiency in Microsoft Excel and Word
• Demonstrated project management skills, including coordination of multiple stakeholders in the securitization process leading to successful closings
• Experience managing third-party service providers
• Proven ability to work under pressure and meet tight deadlines
• Excellent oral and written communication skills
• In-depth knowledge of mortgage loan production, and the securitization process
• Comprehensive understanding of federal and state mortgage compliance regulations, including RESPA, TILA, and HMDA and applicable state specific requirements
• Strong ability to work independently and collaboratively within a small team environment
• Proficiency in AI tools and technologies (e.g., generative AI platforms, automation tools, and data analytics applications) and the ability to leverage them to enhance risk analysis, support process improvement initiatives, and drive operational optimization

• Underwriting & Risk Assessment Expertise: Deep understanding of Non-QM mortgage underwriting, credit risk evaluation, and securitization requirements.
• Analytical Thinking & Attention to Detail: Ability to interpret complex data from third parties, monitor securitization timelines, and assess loan eligibility with precision.
• Project & Stakeholder Management: Skilled in coordinating multiple parties including diligence firms, attorneys, and internal teams to drive timely closings.
• Regulatory & Compliance Knowledge: Strong command of…