PGIM - Sr. Investment Associate (Residential Whole Loan Credit & Due Diligence)
Core
Senior investment professional evaluating bulk and flow purchases of DSCR and Non-QM residential mortgage loans, assessing credit, collateral, and compliance risks to support acquisition and asset management decisions.
Role type
Senior IC investment associate (residential mortgage credit)
Builds
Institutional investment portfolio of closed residential whole loans
Domain
Real Estate Finance / Mortgage Credit / Asset Management
Required skills
DSCR loan analysis, Non-QM underwriting, credit report interpretation, rental-income analysis, appraisal review, title and closing document review, loss mitigation strategies, Excel-based loan tape management, vendor due diligence management, risk materiality assessment
Preferred skills
Private-label RMBS collateral review, experience across mortgage ecosystem (TPR, originator, aggregator, warehouse lender, servicer), familiarity with rating-agency standards, seller negotiation and waiver management
Technologies
Excel, AVMs, BPOs
Responsibilities
Review DSCR and Non-QM loans for compliance with acquisition guidelines and trade stipulations; Analyze borrower/guarantor credit including liquidity, reserves, and ownership experience; Assess property cash flow, leases, rents, taxes, insurance, and vacancy assumptions; Evaluate collateral and valuation risk including LTV/CLTV, appraisals, and property condition; Identify layered credit and collateral risks across leverage, purpose, and geography; Manage third-party due diligence workflows and issue resolution; Provide investor recommendations and execute transaction decisions; Monitor asset performance and loss mitigation strategies.
Seniority
Senior, hands-on IC