Credit Risk Review Jobs in Minnesota (NOW HIRING)

Mortgage Securitization Credit Associate

Department: Securitization

Employment Type: Full Time

Location: Bloomington, MN

Reporting To: Vice President Securitization

Compensation: $90,000 - $100,000 / year

Description

This is an exciting opportunity to join an industry leader in a growing market. We offer a fast-paced and fun environment where your input and experience are valued.

We are seeking a detail-orientated and experienced mortgage professional with strong expertise in underwriting, compliance, and securitization. This role involves evaluating underwriting exceptions and mitigation, collaborating with internal teams and third- party partners, and supporting the end-to-end securitization process. The ideal candidate will have in-depth knowledge of mortgage regulations, risk assessment and product guidelines, along with a proven ability to manage multiple priorities in a fast-paced, deadline-driven environment. Effective communication skills, strong analytical thinking and a commitment to continuous process improvement are essential for success in this role.

Responsibilities and Duties:

• Review underwriting exceptions and documented compensating factors to ensure acceptability and address issues at the time of securitization

• Monitor transaction timelines, loan documents, securitization documentation, platforms and parties involved to facilitate successful securitization of mortgage assets

• Collaborate with third-party diligence providers, attorneys, banking partners, and internal teams to coordinate securitization activities

• Ensure asset reviews and data from third party diligence firms are accurate and meet rating agency requirements for securitization

• Conduct ongoing evaluation of the existing loan portfolio, including underwriting criteria and product parameters, to identify and resolve any securitization eligibility concerns

• Contribute to the development and continuous improvement of internal procedures and documentation related to securitization and credit processes

• Collaborate with the Operational team and perform additional duties as needed to support asset acquisition and as assigned by management.

Education and Experience:

• High school diploma or equivalent

• Minimum of 5 years of current mortgage underwriting experience, including Non-QM mortgage underwriting

• Strong underwriting and analytical skills, with the ability to evaluate credit risk issues from both business and technical perspectives

• Proficiency in Microsoft Excel and Word

• Demonstrated project management skills, including coordination of multiple stakeholders in the securitization process leading to successful closings

• Experience managing third-party service providers

• Proven ability to work under pressure and meet tight deadlines

• Excellent oral and written communication skills

• In-depth knowledge of mortgage loan production, and the securitization process

• Comprehensive understanding of federal and state mortgage compliance regulations, including RESPA, TILA, and HMDA and applicable state specific requirements

• Strong ability to work independently and collaboratively within a small team environment

• Proficiency in AI tools and technologies (e.g., generative AI platforms, automation tools, and data analytics applications) and the ability to leverage them to enhance risk analysis, support process improvement initiatives, and drive operational optimization

Key Competencies:

• Underwriting & Risk Assessment Expertise: Extensive knowledge of mortgage credit risk assessment, risk mitigation, and loan securitization.

• Analytical Thinking & Attention to Detail: Ability to interpret complex data from third parties, monitor securitization timelines, and assess loan eligibility with precision.

• Project & Stakeholder Management: Skilled in coordinating multiple parties including diligence firms, attorneys, and internal teams to drive timely closings.

• Regulatory & Compliance Knowledge: Strong command of federal and state mortgage regulations such as RESPA, TILA, and HMDA to ensure fully compliant asset reviews.

• Communication & Collaboration: Effective verbal and written communication across departments and external partners to align securitization activities.

• Adaptability, Technology & Process Improvement: Ability to leverage technology tools and AI-driven solutions while working under pressure, actively contributing to the refinement of internal procedures, documentation, and workflow efficiencies.

How This Role Demonstrates Our Values:

• Integrity: Ensures regulatory compliance and accurate data evaluation, upholding the highest standards in securitization practices.

• Collaboration: Works cross-functionally with operations, legal, diligence firms, and capital markets teams to ensure smooth and timely closings.

• Excellence: Brings deep mortgage expertise and consistently delivers high-quality, compliant securitization packages under tight deadlines.

• Critical Curiosity: Engages in continuous evaluation and improvement of credit processes and underwriting criteria to optimize performance and eligibility.

Benefits

• Great compensation package, including competitive base pay

• Discretionary annual bonus opportunity

• Attractive benefits plans and paid time off, including sick time

• 401(k) with company matching

• Professional learning and development opportunities

• Tuition reimbursement

• And much more!

Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.

Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.

All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.

Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.