Wholesale Production Retention Specialist         

Detailed Responsibilities

File Structuring and Retention

• Perform upfront file structuring and maintain pipeline retention to ensure loans are properly positioned for successful processing and closing.
• Oversee pipeline retention efforts by tracking active loan files, identifying and resolving structuring or process-related issues, and collaborating with Sales and Operations teams to improve pull-through and funded loan performance.

Review and Exception Processes

• Review and provide guidance on complex loan scenarios, including LESA and TISA exceptions, Financial Assessments, Trusts, Residual Income calculations, Powers of Attorney, Property Types, Purchase Transactions, Self-Employment income, Credit, Condo/Single Unit Approval (SUA), and proprietary products.
• Review credit reports for accuracy and completeness.
• Assess financial documentation, including financial assessment, and residual income requirements.
• Structure loan files and purchase transactions to comply with company guidelines.
• Submit underwriting escalations, exception requests, and rush review requests to facilitate timely loan decisions and pipeline progression.
• Evaluate condo/SUA files to ensure adherence to relevant policies.
• Conduct a comprehensive second-level review of loans prior to adverse action decisions to identify potential solutions and retention opportunities.

Training and Support

• Partner with Sales, Operations, and Underwriting teams to resolve loan structuring challenges and support successful loan outcomes.
• Host regular open office hours for Loan Officers and Sales Coordinators to provide guidance, answer questions, and assist with loan scenario reviews.
• Develop and deliver targeted training sessions on key underwriting, product, and operational topics based on identified business needs.
• Serve as a subject matter expert and liaison between Sales and Operations, promoting consistent processes and effective communication across departments.

Tracking and Documentation

• Track, document, and maintain detailed records of all loan reviews, recommendations, and decisions within the Loan Origination System (LOS) to support compliance and operational transparency.

DE Underwriter experience, reverse mortgage experience

• Working in a growing and dynamic industry
• Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
• 401(k) with company match
• Paid time off
• This is a non-exempt role
• Target base salary range is 80-100K, which is based on various factors including skills and work experience.
• In addition to base salary, this role is eligible for a competitive additional compensation program via monthly bonus
• LBF is an EEO/AA/Vet/Disabled Employer
• Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.

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