VP Mortgage Risk (Non-QM)

Responsibilities

Kforce has a client that is seeking a VP Mortgage Risk (Non-QM) in San Diego, CA. Summary: The VP, Mortgage Risk (Non-QM) is responsible for leading mortgage credit policy, underwriting guidelines, and risk strategy across a diverse portfolio of lending products. This role will evaluate new and existing mortgage programs, with a strong focus on Non-QM, home equity, closed-end second, jumbo, and portfolio lending products. The VP will balance risk, product competitiveness, investor requirements, and portfolio performance while partnering with Capital Markets, Product, Underwriting, Servicing, and executive leadership. Key Responsibilities:

• Own and maintain mortgage credit policy, underwriting guidelines, and eligibility requirements
• Develop and refine guidelines for Non-QM, home equity, closed-end second, jumbo, agency, and portfolio lending products
• Evaluate new mortgage products and recommend appropriate credit risk controls and eligibility standards
• Monitor portfolio performance, delinquency trends, fraud risk, collateral risk, and market conditions
• Recommend policy changes based on risk trends, investor requirements, and portfolio performance
• Partner with Capital Markets and Trading teams to ensure product saleability and investor alignment
• Review investor guideline updates and establish appropriate overlays and exception policies
• Provide risk analysis and recommendations on new product initiatives and portfolio strategies
• Lead, mentor, and develop a team of approximately 6-7 credit policy professionals
• Act as a player-coach by reviewing guidelines, writing policy, and helping remove operational bottlenecks when needed
• Collaborate with Product, Underwriting, Servicing, Compliance, Risk, and executive leadership teams
• Support risk committee discussions and provide recommendations regarding mortgage credit risk and product strategy
  
  

Requirements

• 15 years of experience in mortgage lending, credit risk, credit policy, underwriting strategy, portfolio risk, or related mortgage functions
• Proven experience developing, implementing, and managing mortgage underwriting guidelines and credit policies
• Strong Non-QM mortgage product experience
• Experience with one or more of the following: Non-QM, Home Equity, HELOC, Closed-End Seconds, Prime Jumbo, Portfolio Lending, DSCR, Bank Statement, White-Label, or Alternative Income products
• Deep understanding of mortgage credit risk, including borrower, collateral, occupancy, income, fraud, and portfolio-related risks
• Experience evaluating portfolio performance and recommending policy changes based on market trends, delinquency performance, servicing data, and emerging risks
• Strong knowledge of investor guidelines, overlays, loan eligibility, and product saleability
• Experience partnering cross-functionally with Capital Markets, Trading, Product, Underwriting, Servicing, Compliance, Risk, and executive leadership teams
• Ability to assess and balance risk, profitability, investor requirements, and business objectives when evaluating new products and programs
• Prior leadership experience managing and developing credit policy, risk, underwriting, or product risk professionals
• Strong communication, analytical, problem-solving, and decision-making skills
• Hands-on approach with the willingness to personally review guidelines, write policy, and help drive key initiatives
• Experience overseeing credit risk for a national mortgage portfolio
• Background in bank portfolio lending, mortgage credit portfolio management, or product risk
• Experience with Non-QM, Home Equity, HELOC, DSCR, Jumbo, or other portfolio-based lending products
• Knowledge of fraud risk, occupancy risk, collateral risk, and geographic concentration risk
• Experience supporting new mortgage product development and launch initiatives
  
  

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

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