Why Deephaven Mortgage?
Deephaven was founded in 2012 to provide mortgages to the millions of Americans who, for one reason or another, are unable to qualify for a traditional, government-backed loan. Deephaven champions those mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason why they can’t qualify for a traditional loan. Using ingenuity, supported by common-sense underwriting, we continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing.
We offer our loans through a network of 1,000+ independent mortgage brokers. We also buy loans from more than 200+ correspondent partners. Deephaven is headquartered in Charlotte, North Carolina and is owned by Pretium, a highly specialized investment manager focused on real estate, mortgage finance and corporate debt.
Job Overview
The Due Diligence Specialist is responsible for conducting in-depth analysis and validation of mortgage loan files to ensure they meet the lender’s guidelines and risk tolerance. This role involves reviewing borrower documentation, assessing creditworthiness, analyzing property appraisals, and ensuring compliance with regulatory requirements specific to NonQM lending. The Due Diligence Specialist plays a vital role in mitigating risks and safeguarding the company’s portfolio by identifying potential issues and ensuring that all loans align with internal and external standards.
What You’ll Do
- Perform audits and compliance review of mortgage loans closed by mortgage origination companies prior to purchase to ensure
- Quality and adherence to our lending regulations and compliance requirements
- Signed closing documents are complete
- All conditions are received and cleared prior to purchase
- Make outbound calls to borrowers, brokers, title companies, AMCs and other vendors following up on the above items to prepare a loan to clear due diligence and be sold
- Partner with internal staff (i.e., Underwriter, Processor, Closer, Operations Management, etc.) of the mortgage origination companies and third-party vendors throughout the pre-close and post-close review process to clear purchase eligibility conditions
- Work with partners to obtain missing documents or to cure TRID violations
- Maintain updated appropriate Due Diligence procedures
What We Need
- College degree or equivalent work experience
- 4 + years of mortgage related experience
- 2 + years of loan processing, closing or due diligence experience
- Strong organization and analytical skills with attention to detail
- Possess a thorough understanding of loan processing and closing procedures
- Excellent communication and time management skills
- Ability to be cross trained and handle multiple functions outside of normal job responsibilities and/or assist team members with other administrative tasks as needed
- Present self in professional manner and have ability to interact with all levels of organization and outside contacts
- Proficient in MS Office including Word and Excel
- Encompass knowledge preferred
- Fosters respect in the workplace
You Are Someone Who
- Strives for accuracy and pays close attention to detail
- Enjoys building strong relationships with customers and team-members
- Promotes company values while providing optimal customer service
- Thrives in a fast-paced environment while embracing change and innovation
Our Perks
- Competitive base salary
- 401(k) plan with an employer match
- Health insurance with a generous employer contribution that begin day one of employment
- Flexible work/life balance with Responsible Time Off
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