Newrez LLC
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Underwriter III
role at
Newrez LLC . Exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and effective communications. We empower our employees by recognizing superior performance and innovative solutions, promoting teamwork and divisional cooperation. Overview
The Underwriter III is responsible for responding to internal and external customers on questions regarding loans underwritten by the company. This position will underwrite loans in a timely manner for completeness and compliance with company guidelines, policies, and procedures. This role will also provide training, guidance, and support for all team members. Principal Duties
Review, analyze, and make final determinations on loan submissions using manual underwriting guidelines as well as validating recommendations. Underwrite loans as determined by lending authority set by management. Work with Lending Teams to identify potential solutions/alternatives for difficult/denied loan files. Communicate with internal and external clients on inquiries about loans underwritten by Vendors. Research and respond to the team lead on loans requiring additional escalation and review, and summarize issues, concerns, and recommendations. Proactively address underwriting submission deficiencies. Provide back-up support to Team Leader as necessary to ensure efficient operations and smooth and timely flow of work. Review and maintain guidelines to stay up to date with all requirements. Maintain department resource library to maintain reference material. Review audit files for Quality/Funding issues to determine compliance and acceptance of loan. Assist in correction of delivery violations and government deficiencies on specific files as required. Analyze Trust agreements as needed. Participate in the orientation of new personnel to ensure consistency. Provide technical support for systems as necessary. Performs related duties as assigned by supervisor. These essential functions are fundamental to the role and must be performed on-site, as they cannot be performed remotely. The Company has determined that in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity. Items not marked (*) as essential on-site may still require partial on-site work to perform the role satisfactorily. Education and Experience
High School Diploma or equivalent required; a 4-year college degree is preferred. Minimum of three to five (3-5) years underwriting experience with conforming and non-conforming loans required. Minimum six (6) years of mortgage banking experience required, including Jumbo Loans and/or Government Products. Knowledge, Skills, and Abilities
FHA and/or VA designations required. Ability to differentiate between first and second mortgage underwriting. Ability to handle secure and private information. Technical proficiency: Windows, Excel, Word, PowerPoint, underwriting software and systems. Ability to stay current with the business environment within third-party lending. Excellent customer service and analytical skills. Excellent verbal and written communication skills. Ability to work independently and adapt to a constantly changing environment. Creative and innovative problem-solving abilities. Additional Information
While this description is intended to be an accurate reflection of the position’s requirements, it does not imply that these are the only responsibilities. Management reserves the right to modify, add, or remove duties as necessary. All employees are required to have smartphones that meet company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment is contingent on this requirement. Company Benefits
Medical, dental, and vision insurance Health Savings Account with employer contribution 401(k) retirement plan with employer match Paid maternity leave/parental bonding leave Pet insurance Adoption assistance Tuition reimbursement Employee loan program Newrez Employee Emergency and Disaster Fund Newrez NOW
Corporate Social Responsibility program that includes volunteering, philanthropy, nonprofit grants, and more 1 Volunteer Time Off (VTO) day for eligible employees Employee matching gifts program up to $1,000 per employee Newrez Grants Program with a giving portal for donation opportunities Equal Employment Opportunity
We are proud to be an equal opportunity employer and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and veteran status. Diversity makes us better. CA Privacy Policy CA Notice at Collection Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Referrals increase your chances of interviewing at Newrez LLC by 2x
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Underwriter III
role at
Newrez LLC . Exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and effective communications. We empower our employees by recognizing superior performance and innovative solutions, promoting teamwork and divisional cooperation. Overview
The Underwriter III is responsible for responding to internal and external customers on questions regarding loans underwritten by the company. This position will underwrite loans in a timely manner for completeness and compliance with company guidelines, policies, and procedures. This role will also provide training, guidance, and support for all team members. Principal Duties
Review, analyze, and make final determinations on loan submissions using manual underwriting guidelines as well as validating recommendations. Underwrite loans as determined by lending authority set by management. Work with Lending Teams to identify potential solutions/alternatives for difficult/denied loan files. Communicate with internal and external clients on inquiries about loans underwritten by Vendors. Research and respond to the team lead on loans requiring additional escalation and review, and summarize issues, concerns, and recommendations. Proactively address underwriting submission deficiencies. Provide back-up support to Team Leader as necessary to ensure efficient operations and smooth and timely flow of work. Review and maintain guidelines to stay up to date with all requirements. Maintain department resource library to maintain reference material. Review audit files for Quality/Funding issues to determine compliance and acceptance of loan. Assist in correction of delivery violations and government deficiencies on specific files as required. Analyze Trust agreements as needed. Participate in the orientation of new personnel to ensure consistency. Provide technical support for systems as necessary. Performs related duties as assigned by supervisor. These essential functions are fundamental to the role and must be performed on-site, as they cannot be performed remotely. The Company has determined that in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity. Items not marked (*) as essential on-site may still require partial on-site work to perform the role satisfactorily. Education and Experience
High School Diploma or equivalent required; a 4-year college degree is preferred. Minimum of three to five (3-5) years underwriting experience with conforming and non-conforming loans required. Minimum six (6) years of mortgage banking experience required, including Jumbo Loans and/or Government Products. Knowledge, Skills, and Abilities
FHA and/or VA designations required. Ability to differentiate between first and second mortgage underwriting. Ability to handle secure and private information. Technical proficiency: Windows, Excel, Word, PowerPoint, underwriting software and systems. Ability to stay current with the business environment within third-party lending. Excellent customer service and analytical skills. Excellent verbal and written communication skills. Ability to work independently and adapt to a constantly changing environment. Creative and innovative problem-solving abilities. Additional Information
While this description is intended to be an accurate reflection of the position’s requirements, it does not imply that these are the only responsibilities. Management reserves the right to modify, add, or remove duties as necessary. All employees are required to have smartphones that meet company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment is contingent on this requirement. Company Benefits
Medical, dental, and vision insurance Health Savings Account with employer contribution 401(k) retirement plan with employer match Paid maternity leave/parental bonding leave Pet insurance Adoption assistance Tuition reimbursement Employee loan program Newrez Employee Emergency and Disaster Fund Newrez NOW
Corporate Social Responsibility program that includes volunteering, philanthropy, nonprofit grants, and more 1 Volunteer Time Off (VTO) day for eligible employees Employee matching gifts program up to $1,000 per employee Newrez Grants Program with a giving portal for donation opportunities Equal Employment Opportunity
We are proud to be an equal opportunity employer and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and veteran status. Diversity makes us better. CA Privacy Policy CA Notice at Collection Job details
Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Referrals increase your chances of interviewing at Newrez LLC by 2x
#J-18808-Ljbffr