Jumbo Credit & Product Specialist
The Judge Group Inc.

Philadelphia, Pennsylvania


Location: REMOTE
Salary: Competitive
Description: Our client is currently seeking a Jumbo Credit & Product Specialist

This individual will be responsible for providing credit and product guidance in all Jumbo loan programs. The candidate will weigh all aspects of individual loan credit risk to ensures loans are originated by third parties to meet secondary market guidelines and requirements.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Responsible for product and underwriting guidance on complex Jumbo mortgage files to correspondent originators.
  • Assist correspondents in loan origination and delivery procedures based on process and scenario inquires.
  • Functions as the Jumbo subject matter expert with all external partners.
  • Reviews detailed scenario requests and issues recommendations within the published SLAs. Proficient with guidelines, products and requirements.
  • Guides clients via verbal and written commendations in complex loan scenarios to give the customer the best opportunity to receive an underwriting approval for their borrower.
  • Recommends qualified loans for purchase,
  • Provides support and training on advantages, niches and guidelines of the Jumbo loan programs. Assists in pipeline/scenario management for correspondents.
  • Manages expectations of all parties and communicates positivity regarding the products and the company.
  • Evaluate third party fraud tools to identify and mitigate mortgage fraud.
  • Obtain a working knowledge of all internal Jumbo mortgage products to suggest and evaluate secondary options for loans, as applicable.
  • Maintain high levels of quality in all reviews.
  • Assist clients in resolving post-closing loan purchase conditions.
  • Provide best in class customer service to all third party clients and borrowers.
  • Performs other duties as assigned.

SKILLS/KNOWLEDGE/ABILITIES:

  • Previous/current Jumbo experience preferred.
  • General knowledge of Mortgage Banking origination practices, procedures, regulations and laws.
  • Thorough knowledge of all Agency and market common underwriting requirements as it pertains to Jumbo lending.
  • Strong understanding of the operational responsibilities involved in the purchase and transfer of whole loan assets as it pertains to credit quality.
  • Skill in negotiating issues and resolving problems.
  • Highly skilled in effective verbal and written communications, including active listening, and presenting findings and recommendations.
  • Ability to establish and maintain working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment.

EDUCATION AND EXPERIENCE:

  • Minimum of 3-5 years' Jumbo mortgage banking experience is required
  • Strong knowledge of Jumbo lending


Contact: fwolfson@judge.com

This job and many more are available through The Judge Group. Find us on the web at www.judge.com


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