Product Development Specialist (Mortgage/Real Estate)

Join our team as a Product Development Specialist with extensive experience in Mortgage/Real Estate. This role is instrumental in driving product development initiatives, updating guidelines, managing investor relations, maintaining overlay matrices, and ensuring compliance with marketing materials. The Product & Development Specialist plays a key role in researching new products, communicating with investors, updating guidelines based on industry changes, and maintaining overlays for Conventional, FHA, and VA loans.

Benefits:

• Competitive salary
• Strong support system
• Salary increase starting on your first year of employment (based on performance)
• Monthly Performance Incentive (only for full-time roles | based on given metrics | can range from $40 - $50)
• Health benefit ($30/month)
• No computer activity monitoring
• Training materials for upskilling provided
• Paid holiday leaves (depending on the holidays that the client observes)
• Paid sick leaves (sick leave convertible to cash if perfect attendance)
• Paid planned leaves
• Allowance for SSS and Pag-Ibig contribution ($20/month)

Key Responsibilities:

• Research new products and present findings to the Executive Team.
• Update guidelines based on Agency updates, investor requirements, or feedback from Operations Manager or UW Manager.
• Collaborate with aggregators to align with any Agency changes and incorporate overlays.
• Send changes/updates to the VP of Operations for review and approval.
• Write announcements and distribute them to the company and CWL teams as applicable.
• Reach out to investors with underwriting questions.
• Gather announcements from investors regarding guideline updates.
• Maintain three sets of overlay matrices for Conventional, FHA, and VA loans.
• Determine aggregators on overlay matrices in consultation with Secondary.
• Update and communicate current overlays to all Underwriters and Secondary.
• Review marketing materials for compliance with guidelines and regulations.
• Act as a liaison between the company and investors, addressing underwriting queries and collecting necessary information.

Requirements & Qualifications:

• Proven experience in a similar role with a focus on product development and real estate guidelines.
• Strong knowledge of mortgage guidelines, investor relations, and industry trends.
• Effective communication and interpersonal skills, especially in dealing with investors.
• Detail-oriented with excellent organizational and documentation abilities.
• Experience in maintaining overlay matrices for Conventional, FHA, and VA loans.
• Familiarity with compliance requirements in marketing materials.
• Mortgage industry experience is a must.
• Undergo 3 days of paid training. If there's an urgency for the role, then the new hire is required to render an hour of paid OT before or after the shift for 3 weeks.
• Amenable to work Monday through Friday either 8 AM – 12NN OR 1 PM – 5 PM Pacific Standard Time(PST).

Preferred Qualifications:

• Relevant certifications in Real Estate or Mortgage.
• Previous experience in product development and guideline management.
• Knowledge of industry-standard tools and software.
• Strong analytical and problem-solving skills.
• Proven track record in successfully implementing product development initiatives.