Ongoing Due Diligence Manager
MercuryFull Time
Junior (1 to 2 years)
The ideal candidate will have a minimum of 8 years of experience in residential mortgage, with a preference for experience in due diligence services. A detailed understanding of credit, compliance, valuation, and fraud risk related to residential mortgage loans is essential. The role requires analytic creativity, negotiation, and problem-solving skills, along with good knowledge of various loan products including Non QM, Business Purpose Loans, Second Lien, and Equity products, as well as Seasoned Loan compliance reviews. The candidate must possess the ability to efficiently research complex documents, provide concise results, and demonstrate a solid understanding of client profiles, business operations, and risk appetite. Excellent client relationship management skills and in-depth knowledge of transaction components indicating potential fraud are also required. The candidate must be self-motivated, creative, and capable of working both independently and collaboratively within a team environment.
The Diligence Manager Production Flow is responsible for managing the production and delivery of offered services, including directly managing the Loan Review Quality Control team and reporting findings to clients and management. This role involves close collaboration with internal departments for due diligence coordination and business needs. Key duties include reviewing client scope, guidelines, and requirements, communicating these to the team, and managing Quality Control analysts with a proper feedback loop. The Manager is accountable for production goals in terms of quantity and quality, meeting SLAs, and communicating internally with the VP of Operations to ensure feedback is incorporated. Responsibilities also include understanding and articulating system and operations processes, identifying trends or inconsistencies, evaluating inquiry problems, and determining resolution steps. The Manager must ensure regulatory and compliance policies are implemented and followed, set team goals, define employee performance plans, measure progress, and provide feedback and coaching. Additionally, the role involves engaging with senior management to align the team with organizational objectives, solving complex problems, reporting status, maintaining a focus on management reporting, tracking and reporting results against established metrics, and driving improvements in overall client experience. The Manager is expected to foster a culture that encourages timely escalation and resolution of issues.
Flexible home equity lending solutions
Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.