Remote Senior Mortgage Investment Associate – DSCR & Non-QM

Financeroles; Town of Newark (WI); Hybrid; USD 145,000 - 155,000; Full time

Benefits offered by this job

Market-competitive base salary

Bonus potential

Medical, dental, vision insurance

PTO and parental/military leave

401(k) plan with company match

Job summary

Prudential's PGIM unit seeks an experienced residential mortgage credit professional to support acquisition, asset management, and loss mitigation of non-QM loans for a large institutional portfolio. The role emphasizes investment risk assessment and diligence, with hybrid work and potential remote arrangements.

The candidate will evaluate loans, manage diligence, and collaborate with senior investment professionals to support purchase decisions and post-purchase performance monitoring.

Qualifications

• 5+ years of hands-on experience reviewing residential mortgage loan files, preferably involving DSCR, business-purpose, Non-QM, whole-loan acquisitions, third-party diligence, correspondent credit or post-close review.

Responsibilities

• Review DSCR, business-purpose, and Non-QM loans for compliance with acquisition guidelines, trade stipulations, and exceptions.
• Analyze borrower/guarantor credit including liquidity, reserves, ownership experience.
• Assess DSCR and property cash flow, including leases, rents, taxes, insurance, vacancy, and short-term rental assumptions.
• Evaluate collateral and valuation risk including LTV/CLTV, appraisals, property condition, comparables, BPOs, AVMs, and valuation variances.
• Identify layered credit and collateral risks across leverage, purpose, cash-out, seasoning, loan size, property type, geography, reserves, experience, and documentation.
• Review title, insurance, closing and legal documents, and reconcile loan-tape data to source documentation for material discrepancies.
• Manage third-party due diligence, including vendor workflow, scope, findings, budget, documentation, and issue resolution.
• Evaluate and disposition exceptions and deficiencies through cures, compensating factors, waivers, structural protections, repricing, or loan removal.
• Provide investor recommendations and transaction execution, escalating material risks and managing pools through diligence, purchase, funding, and post-purchase review.
• Monitor asset performance and loss mitigation, evaluating delinquencies, servicing activity, workouts, foreclosure alternatives, recoveries, losses, and lessons learned to improve acquisition standards.

Skills

Residential mortgage credit

DSCR

Non-QM

Education

Bachelor’s degree or equivalent

Tools

Excel

Job description

Prudential's PGIM unit seeks an experienced residential mortgage credit professional to support acquisition, asset management, and loss mitigation of non-QM loans for a large institutional portfolio. The role emphasizes investment risk assessment and diligence, with hybrid work and potential remote arrangements.

The candidate will evaluate loans, manage diligence, and collaborate with senior investment professionals to support purchase decisions and post-purchase performance monitoring.