CRA Mortgage Originator
M&T BankSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Product Development Specialist at Plaza Home Mortgage
San Diego, California, United States
$80,000 – $110,000Compensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Mortgage Lending, Financial ServicesIndustries
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary range for the Product Development Specialist position?
The salary range is $80,000 - $110,000 per year.
Is this position remote, and are there any travel requirements?
The position is primarily remote with potential for occasional travel.
What are the key skills and experience required for this role?
Requirements include a Bachelor’s degree in business, economics, or related field, 3+ years as a mortgage product specialist or related, experience with residential mortgage lending programs and underwriting (Fannie Mae, Freddie Mac, non-agency), strong analytical skills, technical writing skills, MS Office proficiency, and ability to prioritize requests and build relationships.
What is the reporting structure for the Product Development Specialist?
The role reports to the SVP of Secondary Marketing, who is responsible for product development.
What experience makes a candidate stand out for this position?
Candidates with 3+ years as a mortgage product specialist, hands-on experience with Fannie Mae, Freddie Mac, and non-agency investors in residential mortgage lending, plus strong analytical and technical writing skills will be strongest.
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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