WHOLESALE PRODUCTION RETENTION SPECIALIST - REMOTE

LongbridgeFinancial

Full-timejunior

Job description

The Wholesale Production Retention Specialist role is for someone with a reverse background in Processing and or Underwriting ( 2-3 years in Underwriting ), has strong communications skills, can work with various departments in LBF and get loans across the finish line  File Structuring and Retention<ul><li>Perform upfront file structuring and maintain pipeline retention to ensure loans are properly positioned for successful processing and closing.</li><li>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.</li></ul>Review and Exception Processes<ul><li>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.</li><li>Review credit reports for accuracy and completeness.</li><li>Assess financial documentation, including financial assessment, and residual income requirements.</li><li>Structure loan files and purchase transactions to comply with company guidelines.</li><li>Submit underwriting escalations, exception requests, and rush review requests to facilitate timely loan decisions and pipeline progression.</li><li>Evaluate condo/SUA files to ensure adherence to relevant policies.</li><li>Conduct a comprehensive second-level review of loans prior to adverse action decisions to identify potential solutions and retention opportunities.</li></ul>Training and Support<ul><li>Partner with Sales, Operations, and Underwriting teams to resolve loan structuring challenges and support successful loan outcomes.</li><li>Host regular open office hours for Loan Officers and Sales Coordinators to provide guidance, answer questions, and assist with loan scenario reviews.</li><li>Develop and deliver targeted training sessions on key underwriting, product, and operational topics based on identified business needs.</li><li>Serve as a subject matter expert and liaison between Sales and Operations, promoting consistent processes and effective communication across departments.</li></ul>Tracking and Documentation<ul><li>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.</li></ul>     The ideal candidate for this role would be a former Reverse Processor who now has their DE with 2-3 years of Underwriting experience. <ul><li>Working in a growing and dynamic industry</li><li>Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts</li><li>401(k) with company match</li><li>Paid time off</li><li>This is a non-exempt role</li><li>Target base salary range is 80-100K, which is based on various factors including skills and work experience.</li><li>In addition to base salary, this role is eligible for a competitive additional compensation program via monthly bonus</li><li>LBF is an EEO/AA/Vet/Disabled Employer</li><li>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.</li></ul> Important Note: When you click on a video, certain personal information may be sent to the video provider (such as YouTube, Vimeo, etc.). To learn more about our privacy practices, please review our company Privacy Notice.