Deephaven Mortgage

VP of Product

Deephaven Mortgage

full-time

Posted on:

Location Type: Remote

Location: Remote • North Carolina • 🇺🇸 United States

Visit company website
✨ AI Apply
Apply

Salary

💰 $120,000 per year

Job Level

Lead

About the role

  • Lead the strategic development of new Non-QM loan products and enhancements based on capital markets direction, investor appetite, and competitive research.
  • Evaluate opportunities for expanding into new segments (e.g., Business Purpose Lending, DSCR, HELOC, bank statement enhancements, portfolio products).
  • Interpret investor criteria, market trends, and execution outcomes to design profitable, scalable product features.
  • Collaborate with Pricing & Secondary to ensure appropriate rate sheets, LLPAs, eligibility matrices, and guides support optimal market competitiveness and loan sale execution.
  • Collaborate with Credit / Underwriting on product governance process, including version control, guide updates, approval routing, and stakeholder communication.
  • Maintain alignment with risk, compliance, legal, and underwriting to manage overlays, exceptions, and emerging risks.
  • Manage investor feedback loops and incorporate performance learnings into product updates as well as communication of product enhancements to various partners.
  • Partner closely with Secondary & Capital Markets to understand securitization performance, loan sale execution, and investor appetite.
  • Analyze pricing impacts, credit risk distribution, and pool performance to optimize product structures.
  • Serve as the product SME for Sales, Underwriting, Training, Ops, and Marketing.
  • Work with Marketing to build competitive product collateral, AE-facing materials, and market-facing content.
  • Deliver product training sessions for internal teams, clients, investors, and industry partners.
  • Maintain a robust understanding of the Non-QM & other relevant products competitive landscape, including guideline changes, overlays, price movements, and emerging program trends.
  • Conduct ongoing benchmarking of product guidelines against peers and investors.
  • Provide executive leadership with recommendations to strengthen Deephaven’s product positioning.
  • Analyze loan production quality, pull-through, and margin impacts across products.
  • Track performance by channel, program, credit bucket, and geography to identify opportunities for product expansion or tightening.
  • Develop product dashboards and KPIs in partnership with Business Intelligence or FP&A.

Requirements

  • 8–12+ years of mortgage experience, with at least 5+ years specifically in Non-QM or Non-Agency.
  • Deep understanding of capital markets, pricing, underwriting, guideline development, and product design.
  • Proven experience creating or managing Non-QM loan programs.
  • Strong analytical skills, including the ability to interpret investor tapes, securitization data, credit trends, and performance analytics.
  • Demonstrated ability to communicate complex loan structures clearly across sales, underwriting, and operations.
  • Experience partnering directly with executive leadership and external investors.
  • Exceptional writing skills for guideline drafting, product summaries, and market updates.
  • Bachelor’s degree required; advanced degree or relevant certifications a plus.
Benefits
  • Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all)
  • Future Finance Focused – Generous employer-matched 401(k) plan
  • Community Connect– Philanthropy Committee that creates charitable initiatives
  • Health from Day One – Comprehensive health insurance starting on day one of employment
  • Family Matters – Competitive maternity and paternity leave
  • Culture & Celebrations – Culture Committee with team-building events and celebrations
  • Ideas Welcome – Encouraging thought leadership and innovation
  • Guidance & Growth – Mentorship opportunities for career development
  • Perk Up – Exclusive discounts on travel, tech, pets, legal, and more

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
Non-QM loan productscapital marketspricingunderwritingguideline developmentproduct designperformance analyticssecuritization datacredit trendsproduct dashboards
Soft skills
analytical skillscommunicationcollaborationwriting skillsstakeholder communicationexecutive leadership partnershiptraining deliverybenchmarkingstrategic developmentproduct governance
Certifications
Bachelor's degreeadvanced degreerelevant certifications