Senior Mortgage Accountant In Office Charlotte

Why Deephaven Mortgage

Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Our longevity and strength in the non-QM space has allowed a significant number of borrowers to achieve homeownership who otherwise would not have under traditional requirements. Deephaven champions mortgage borrowers whose independence entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.

We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.

Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners.

Deephavens headquarters are in Charlotte North Carolina. To learn more about our innovative loan solutions please visit or email us at

The Senior Accountant is a critical hands-on role within Deephavens Finance & Accounting team reporting directly to the SVP Controller. This individual will be cross trained across the core accounting functions supporting Deephavens loan origination and capital markets operations with an emphasis on developing deep competency in loan funding loan sales and warehouse line management processes.

This role is designed to provide operational depth and redundancy to an accounting team that supports a high-volume fast-paced mortgage origination platform. The ideal candidate brings a strong foundation in mortgage accounting and is motivated to grow into a subject-matter expert in the non-QM/non-agency loan lifecycle from funding through sale and investor delivery. The successful candidate will be intellectually curious operationally rigorous detail-oriented and comfortable working in a dynamic environment where processes are evolving and improving.

What Youll Do

Loan Funding Accounting

• Record and reconcile daily loan originations and correspondent loan purchases including preparation of journal entries review of source documents and maintenance of loan-level accounting records

• Perform daily and weekly warehouse line reconciliations investigating and resolving discrepancies between internal records and warehouse lender statements

• Prepare and verify funding authorization documentation and daily cash activity related to loan closings

• Manage daily warehouse line tracking advance rates and available capacity across multiple warehouse facilities

• Prepare escrow wires review incoming funds and reconcile bank accounts in support of daily funding operations

• Perform monthly reconciliations of warehouse line interest and fees including tracking covenant compliance

Loan Sales & Warehouse Line Management Accounting

• Reconcile and record monthly servicing remittance files (5000 line items) including preparation of journal entries and updates to loan-level accounting records

• Support the accounting for loan sales across approximately 20 institutional investor counterparties including whole-loan sales bulk trades and securitization takeouts

• Review balance and approve incoming funds related to loan sales ensuring accurate gainon- sale recognition and cash settlement

• Maintain and update loan-level LHFS schedules that support balance sheet reporting and capital markets decision-making

General Accounting & Financial Close

• Participate actively in month-end and year-end close processes including preparation and posting of journal entries to the general ledger

• Support the preparation of financial statements and management reporting packages Assist with financial audits compliance reporting and due diligence requests from warehouse lenders investors and external auditors

• Manage assigned tax compliance schedules and support routine regulatory filings

• Contribute to the development and documentation of standard operating procedures (SOPs) and internal process controls as the team evolves its technology and process infrastructure

Cross-Training & Team Development

• Actively participate in a structured cross-training program designed to build fluency in both the loan funding and loan sales accounting workstreams with the goal of providing operational back-up and support across both functions

• Support the onboarding and training of offshore accounting resources as the team scales including participation in knowledge transfer sessions and SOP development

• Collaborate with the Controller and CFO on process improvement initiatives including the evaluation and potential implementation of a new ERP/loan accounting platform to replace current spreadsheet-based workflows

Requirements

• Bachelors degree in Accounting Finance or a closely related discipline

• 35 years of experience in mortgage accounting with demonstrated exposure to loan origination servicing and/or capital markets accounting functions

• Solid understanding of GAAP accounting principles including journal entries accruals reconciliations and accounts payable processes

• Advanced Microsoft Excel proficiency including pivot tables VLOOKUP/INDEX-MATCH conditional formatting and data validation this is a spreadsheet-intensive environment

• Experience with warehouse line accounting reconciliation and reporting

• Demonstrated accuracy attention to detail and the ability to manage high-volume deadline driven accounting workflows

• Strong organizational skills and the ability to manage multiple concurrent workstreams with minimal supervision

Preferred Qualifications

• Non-QM non-agency or home equity mortgage accounting experience

• Experience with loan-level accounting in an LHFS environment including gain-on-sale accounting and investor settlement processes

• Familiarity with ICE Mortgage Technology Encompass and/or mTrade platforms

• Experience with QuickBooks Desktop or similar general ledger systems in a mortgage banking environment

• Exposure to remittance accounting servicing fee reconciliation and investor reporting

• CPA candidacy or progress toward CPA licensure

• Experience supporting or participating in ERP implementation or accounting system migration projects

Competencies & Attributes

• Intellectual curiosity and a desire to understand the full loan lifecycle from origination through capital markets execution

• Comfort with ambiguity and evolving processes this team is actively building and improving its infrastructure

• Collaborative mindset and willingness to learn from and teach colleagues across functions

• Strong written and verbal communication skills with the ability to explain reconciliation results and accounting entries to both finance and non-finance stakeholders

• A bias for action and problem-solving with the initiative to identify issues and propose solutions proactively

• Resilience and composure under deadline pressure month-end close and daily funding operations are non-negotiable deadlines

This organization participates in E-Verify

Our Perks

Flexible Time to Recharge Personalized Time Off for What Matters (because rest isnt 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