Deephaven Mortgage

Deephaven has the answers.

VP of Product

Product ManagerProduct ManagerFull TimeRemoteTeam 51-200H1B No SponsorCompany SiteLinkedIn

Location

North Carolina

Posted

98 days ago

Salary

$120K / year

Bachelor Degree8 yrs expEnglish

Job Description

• 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.

Job 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

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