VP, Product Development

The Vice President of Product Development is a senior individual contributor within Secondary / Capital Markets, responsible for the design, structuring, and launch execution of mortgage products and investor programs. This role focuses on translating capital markets strategy, investor requirements, and execution constraints into clearly defined, launch‑ready product structures. This position is accountable for product development through launch readiness and formal handoff. Ongoing product ownership, guideline monitoring, and post‑launch maintenance are managed by designated downstream teams.

• Secondary‑Driven Product Design & Development

1. 1. Lead the design and structuring of mortgage products and investor programs aligned to Secondary / Capital Markets strategy.
   2. Translate investor term sheets, eligibility requirements, overlays, and execution constraints into internally actionable product definitions.
   3. Evaluate tradeoffs between credit eligibility, market competitiveness, operational feasibility, and secondary execution.
   4. Support Secondary leadership with product development analysis tied to pricing strategy and delivery execution considerations.

• Investor Program & Launch Execution

1. 1. Own investor‑driven product development activities from concept through launch readiness.
   2. Partner with Secondary, Product, and Compliance to finalize product scope prior to implementation.
   3. Ensure all investor requirements are accurately reflected in product definitions and documentation at launch.
   4. Coordinate formal post‑launch handoff of product ownership and documentation to designated teams.

• Product Documentation & Governance (Pre‑Launch)

1. 1. Produce authoritative, pre‑launch product documentation
   2. Product configuration guides
   3. Investor eligibility matrices and overlays
   4. Launch summaries and decision documentation
   5. Ensure alignment between approved product definitions, investor documentation, and system configuration prior to release.
   6. Maintain disciplined version control and documentation standards through launch sign‑off.

• Systems & LOS Enablement

1. 1. Partner with Product, Technology, and Operations to support product setup and validation within Empower LOS.
   2. Confirm eligibility rules, attributes, and execution requirements are implemented as designed.
   3. Participate in pre‑launch testing, validation, and issue resolution.
   4. Identify and communicate system or workflow risks that could impact launch readiness or secondary execution.

• Project & Initiative Leadership

1. 1. Independently manage multiple concurrent development initiatives using structured project plans with clearly defined scope, milestones, dependencies, and owners.
   2. Track initiative progress, risks, and cross‑functional deliverables using Smartsheet or similar tools.
   3. Coordinate launch readiness across impacted teams, ensuring all prerequisites are met prior to release.
   4. Escalate execution risks or readiness gaps early to support informed decision‑making.

• Cross‑Functional Partnership

1. 1. Act as a senior point of coordination between Secondary / Capital Markets and Product, Underwriting, Compliance, Operations, and Technology during product development and launch.
   2. Provide clear guidance on investor requirements, execution constraints, and product intent.
   3. Support training and enablement activities related to product launch by providing clear, execution‑focused guidance.

Qualifications:

• This position requires 8+ years of mortgage industry experience with significant exposure to:

• 1. Secondary / Capital Markets
  2. Investor program development
  3. Product or credit policy execution
  4. Non‑QM product structures
  5. Investor eligibility and overlays
  6. Secondary execution considerations
• Bachelor’s degree in Business, Finance, Economics, or related field (or equivalent experience).
• Direct experience developing and launching Non‑QM investor programs.
• Working knowledge of Empower LOS and mortgage product configuration concepts.
• Experience using Smartsheet for project plans and readiness tracking.
• Background partnering with Secondary, Product, and Compliance on launch initiatives.

Travel Required

• Up to 25%

While performing the duties of this particular job, the employee is regularly required to communicate and hear effectively in a work environment with quiet to moderate levels of noise. Individuals who believe they may require one or more reasonable accommodations to meet this or any other requirement of the job should contact [email protected].