Vice President, Product Development and Investor Relations
Onity

JOB DESCRIPTION

The Vice President of Product Development and Investor Relations will identify, develop and drive key strategic product initiatives aimed at identifying and promoting organic growth, market opportunity expansion, technology-enabled innovation, and borrower and client engagement and retention to drive shareholder value creation. Key areas of focus will include identifying market opportunities, conducting competitive analysis, understanding customer needs and implementing plans and programs to increase market share, win rate, enhance customer retention, maximize the homeowner experience, and deliver a superior client value proposition. This position will work across organization disciplines and drive integrated change. This individual must be comfortable levering innovative technology, establishing strategy, as well as partnering with business segment teams to drive implementation and execution.

Job Functions and Responsibilities:

• Serve as a key member of the strategic growth team and contribute to the overall direction and strategy of the organization
• In collaboration with the Chief Lending and Strategy Officers, develop and manage the Company's overall originations product strategy in both the forward and reverse space, spanning GSE, government agency and non-agency residential as well as commercial / business purpose products
• Oversee implementation of new products and product enhancements, bringing together various constituents within the Company from marketing and sales through to operations, capital markets and servicing
• Understand the competitive landscape including emerging product trends, competitor strategy / strengths / weaknesses, underserved markets and growth opportunities
• Develop new product proposals including market size, share potential, loan and channel economics, potential risks, staffing requirements, investor outlets and servicing implications
• Partner with GSE's and government agencies on new products and technologies to stay at the forefront of industry product change and offerings
• Establish relationships with a broad array of non-agency investor outlets including investment banks, REITS and other sources of non-agency capital to ensure a broad network of investor outlets, optimizing our product offering and execution
• Identify and develop business relationships with other industry participants to create mutually beneficial relationships that enhance profitable growth
• Develop and maintain a strong awareness of emerging technologies and tools that could profitably enhance our offering
• Collaborate with others across the organization to understand product needs, shortcomings and opportunities
• Act as key Company liaison to Fannie Mae, Freddie Mac and Ginnie Mae, maintaining a frequent and open dialogue on all aspects of our performance and relationship. Regularly communicate to internal leadership the status of our relationship with each government entity, highlighting important developments and our performance.
• Partner with and coordinate the various internal departments and members of leadership with GSE and investor relationship responsibilities to ensure consistency in approach and strategy.

Key Result Areas:

• Set objectives and key results indicators (KPI's) for revenue and earnings, product utilization and market share

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

• Bachelor's degree in Business Administration, Marketing, Finance or a related field preferred; MBA or advanced degree highly preferred
• 10+ years of work experience in housing finance with a focus on product management, strategic planning and secondary market investor relations
• Deep knowledge of housing finance including all product segments (GSE, Government Forward and Reverse, Non-agency), competitive landscape, industry participants and supporting technologies
• Extensive experience in working with the non-agency investor universe and established relationships with investors including insurance companies, securitizers, banks
• Proven track record of successful relationships with Fannie Mae, Freddie Mac and Ginnie Mae
• Demonstrated success in identifying, planning and implementing strategic opportunities
• Strong financial modeling, analytical, and problem-solving skills
• Track record of bringing together different constituents across organization and championing enterprise-wide initiatives
• Ability to strategize over longer time horizons and develop views on how to address and capitalize on emerging trends
• Excellent communication and presentation skills, with the ability to build and sustain relationships
• Familiarity and experience levering technology to drive change and enhance the consumer experience
• Successful track record of developing strong relationships across a broad range of leadership functions allowing for effective influencing and change
• Work with internal and external parties, across locations and time zones, in the execution of projects and identification/resolution of deficiencies or opportunities for improvement
• Proficient in Microsoft Office suite (PowerPoint, Excel, Word)

Training / Licensing Requirements:

• Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $175,000 - $240,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for bonus based on performance and subject to the terms of the Company's applicable plans.

ABOUT US

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

PHH Mortgage, a subsidiary of Onity Group Inc., has been providing mortgage lending and servicing solutions since 1984 and is dedicated to maintaining responsible and ethical practices while delivering an exceptional customer experience. PHH offers industry-leading mortgage solutions for the entire mortgage lifecycle, including correspondent lending, MSR/Co-Issue, subservicing, commercial servicing, reverse mortgages and portfolio retention. We are one of the largest subservicers of residential mortgages in the United States and one of only two servicers in reverse mortgage lending.

At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.

Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.

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