PGIM Sr. Investment Associate (Residential Whole Loan Credit & Due Diligence)

Job Classification:

A GLOBAL FIRM WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential were always looking for ways to improve financial services. Were passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM youll unlock a motivating and impactful career all while growing your skills and advancing your profession at one of the worlds leading global asset managers!If youre not afraid to think differently and challenge the status quo come and be a part of a dedicated team thats investing in your future by shaping tomorrow PGIM You Can!

What you will do

We are seeking an experienced residential mortgage credit professional to support the acquisition asset management and loss mitigation of closed DSCR and other Non-QM residential mortgage loans for a large institutional investment portfolio. Working directly with senior investment professionals this individual will evaluate bulk and flow purchases resolve diligence findings monitor post-purchase performance and support loan-level workout decisions.

This is an investor-side role rather than a traditional production-underwriting position. The successful candidate will assess each loan as an investment distinguish curable exceptions from material credit or enforceability risks and exercise sound judgment when guidelines and documentation do not provide a mechanical answer.

This position follows a hybrid work model with three days per week in the Newark NJ office and two days remote. We will also consider remote work arrangements for qualified candidates.

What you can expect

• Review DSCR business-purpose and Non-QM loans for compliance with acquisition guidelines trade stips and exceptions.
• Analyze borrower/guarantor credit (i.e. liquidity reserves ownership experience etc.).
• Assess DSCR and property cash flow including leases rents taxes insurance vacancy and short-term rental assumptions.
• Evaluate collateral and valuation risk including LTV/CLTV appraisals property condition comparables BPOs AVMs and valuation variances.
• Identify layered credit and collateral risks across leverage purpose cash-out seasoning loan size property type geography reserves experience and documentation.
• Review title insurance closing and legal documents and reconcile loan-tape data to source documentation for material discrepancies.
• Manage third-party due diligence including vendor workflow scope findings budget documentation and issue resolution.
• Evaluate and disposition exceptions and deficiencies through cures compensating factors waivers structural protections repricing or loan removal.
• Provide investor recommendations and transaction execution escalating material risks and managing pools through diligence purchase funding and post-purchase review.
• Monitor asset performance and loss mitigation evaluating delinquencies servicing activity workouts foreclosure alternatives recoveries losses and lessons learned to improve acquisition standards.

What you will bring

• 5 years of hands-on experience reviewing residential mortgage loan files preferably involving DSCR business-purpose Non-QM whole-loan acquisitions third-party diligence correspondent credit warehouse credit or post-close review.
• Strong knowledge of credit reports guaranties entity borrowers liquidity and reserves rental-income analysis DSCR calculations appraisals title insurance and closing documentation.
• Demonstrated ability to interpret guidelines evaluate exceptions weigh materiality and recommend commercially practical resolutions.
• Working knowledge of mortgage servicing delinquency management foreclosure bankruptcy property preservation valuation updates and loss-mitigation alternatives.
• Strong written communication attention to detail and comfort working with Excel-based loan tapes exception trackers and large loan populations.
• Ability to work constructively with sellers and vendors under transaction deadlines while escalating material risks concisely.
• Bachelors degree or equivalent professional experience. Practical loan-level experience mortgage judgment and the ability to identify material investment risk are more important than academic pedigree.

What will set you apart

• Closed-loan review pre-purchase diligence or private-label RMBS collateral review involving DSCR Non-QM jumbo RTL or SFR loans.
• Experience across more than one part of the mortgage ecosystem such as a TPR firm followed by an originator aggregator warehouse lender servicer or whole-loan investor.
• Familiarity with appraisal-review products rating-agency or securitization standards compliance and assignee-liability considerations and state-specific documentation issues.
• Experience with seller negotiations diligence rebuttals waivers repricing loan removals repurchase analysis servicer oversight or workout approvals.

*PGIM welcomes all applicants even if youdontmeet every requirement. If your skills align with the role we encourage you to apply.

Prudential is required bystate specificlaws to include the salary range for this role when hiring a resident in applicable locations. The annual base salary range for this role is from $145000 to $ pricing for the role may vary within the above range based on many factors including geographic location candidate experience and skills. This role is also eligible foradditionalcompensation and/or benefits. Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance.

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• Market competitive base salaries with a yearly bonus potential at every level.
• Medical dental vision life insurance disability insurance Paid Time Off (PTO) and leave of absences such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting housing senior care finances pets legal matters education emotional and mental health and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program whereby an award if any depends on various factors including without limitation individual and organizational performance. To find out more about our Total Rewards package visit Work Life Balance Prudential Careers. Some of the above benefits may not apply to part-time employees scheduled to work less than 20 hours per week.

Prudential Financial Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.

Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion national origin ancestry sex sexual orientation gender identity national origin genetics disability marital status age veteran status domestic partner status medical condition or any other characteristic protected by law.

To maintain the integrity and security of our hiring process Prudential may use identity verification technologies. Your consent will be obtained before any verification takes place.

If you need an accommodation to complete the application process please email .

If you are experiencing a technical issue with your application or an assessment please email to request assistance.