Product Development Specialist at Plaza Home Mortgage

San Diego, California, United States

Plaza Home Mortgage Logo
$80,000 – $110,000Compensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Mortgage Lending, Financial ServicesIndustries

Requirements

Candidates should possess a Bachelor’s degree in business, economics, or a related field, and a minimum of three years of experience as a mortgage product specialist or in a related position. They should have proficiency with computer systems, including MS Office (Word, Excel, and Outlook), and experience with 1-4 unit residential mortgage lending programs and underwriting requirements, including Fannie Mae, Freddie Mac, and non-agency investors. Strong analytical and technical writing skills are also required.

Responsibilities

The Product Development Specialist will research and analyze industry trends and business needs to identify product opportunities, collaborate with business units to define product features and scope, design program requirements and product features, and document program requirements. They will evaluate product performance, pricing, and competitive comparisons, present findings to senior management, work with business area leaders to determine new product impact, and work with a shared-resource project manager to establish product rollout timelines. Additionally, the role involves maintaining loan program guidelines, developing investor relationships, liaising with Fannie Mae and Freddie Mac, Mortgage Insurance Companies, and other secondary market functions.

Skills

MS Excel
MS Word
MS Outlook
Mortgage Underwriting
Fannie Mae
Freddie Mac
Residential Mortgage Lending
Analytical Skills
Technical Writing
Product Development

Plaza Home Mortgage

Mortgage lending and loan servicing solutions

About Plaza Home Mortgage

Plaza Home Mortgage provides a range of mortgage products, including conventional loans, FHA loans, VA loans, and specialized options like home equity and reverse mortgages. They operate through Wholesale lending, partnering with brokers for tailored solutions, and Correspondent lending, assisting banks in managing their loan portfolios. The company generates revenue from origination and servicing fees and has reintroduced the Solutions Non-QM program to serve borrowers outside traditional criteria. Their goal is to enhance client relationships through education and continuous improvement.

San Diego, CaliforniaHeadquarters
2000Year Founded
N/ACompany Stage
Financial ServicesIndustries
501-1,000Employees

Benefits

Hybrid Work Options

Risks

Increased competition in Non-QM market could pressure Plaza Home Mortgage's profit margins.
Rising interest rates may decrease refinancing activities, impacting origination fee revenue.
Potential stricter regulations on Non-QM loans pose compliance risks for the company.

Differentiation

Plaza Home Mortgage offers a wide range of loan products, including Non-QM loans.
The company operates through Wholesale and Correspondent lending channels for diverse client needs.
Plaza Home Mortgage emphasizes client education and technology enhancements for competitive advantage.

Upsides

Increased demand for Non-QM loans offers growth opportunities for Plaza Home Mortgage.
Digital mortgage solutions align with borrower preferences, enhancing customer experience.
Expansion of reverse mortgage market provides opportunities to leverage home equity for retirees.

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