Newrez LLC
Job Overview
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Non-QM Underwriter
role at
Newrez LLC . Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Primary Function The Underwriter IV 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. The Underwriter IV will also provide training, guidance, and support for all team members.
Principal Duties
Review, analyze and make final determination on loan submissions using manual underwriting guidelines as well as validating recommendations.
Underwrite Jumbo loans, special programs as determined by lending authority set by management.
Work with Correspondent or Consumer Lending to identify potential solutions/alternatives for difficult/denied loan files.
Communicate with internal and external clients and UW Vendors on inquiries on loans underwritten by the company/vendors.
Research and respond to team lead on loans requiring additional escalation and review and ability to summarize issues, concerns, and recommendations.
Proactively addresses 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.
Review of audit files for Quality/Funding issues to determine compliance and acceptance of loan.
Assist in correction of delivery violations and government ensuring 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.
Education and Experience
High School Diploma or equivalent required; 4-year college degree preferred.
Minimum of five (5) years underwriting experience with conforming and non-conforming loans required.
Minimum six (6) years of mortgage banking required, including Jumbo Loans and/or Government Products.
Knowledge, Skills, and Abilities
Government designations preferred.
Ability to differentiate between first and second mortgage underwriting.
Ability to handle secure and private information.
Technical experience necessary: Windows, Excel, Word, PowerPoint, Underwriting software and systems.
Ability to stay current with the business environment within third party lending.
Excellent customer service skills and analytical skills.
Excellent verbal and written communication skills.
Ability to work independently and adapt to a constantly changing environment.
Ability to be a creative and innovative problem solver.
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
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Equal Employment Opportunity We're 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. Different makes us better.
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance and Sales
Location Florida, United States
Compensation $90,000.00‑$140,000.00
Contact Brandon, FL $90,000.00‑$140,000.00 [2 weeks ago]
#J-18808-Ljbffr
Non-QM Underwriter
role at
Newrez LLC . Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
Primary Function The Underwriter IV 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. The Underwriter IV will also provide training, guidance, and support for all team members.
Principal Duties
Review, analyze and make final determination on loan submissions using manual underwriting guidelines as well as validating recommendations.
Underwrite Jumbo loans, special programs as determined by lending authority set by management.
Work with Correspondent or Consumer Lending to identify potential solutions/alternatives for difficult/denied loan files.
Communicate with internal and external clients and UW Vendors on inquiries on loans underwritten by the company/vendors.
Research and respond to team lead on loans requiring additional escalation and review and ability to summarize issues, concerns, and recommendations.
Proactively addresses 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.
Review of audit files for Quality/Funding issues to determine compliance and acceptance of loan.
Assist in correction of delivery violations and government ensuring 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.
Education and Experience
High School Diploma or equivalent required; 4-year college degree preferred.
Minimum of five (5) years underwriting experience with conforming and non-conforming loans required.
Minimum six (6) years of mortgage banking required, including Jumbo Loans and/or Government Products.
Knowledge, Skills, and Abilities
Government designations preferred.
Ability to differentiate between first and second mortgage underwriting.
Ability to handle secure and private information.
Technical experience necessary: Windows, Excel, Word, PowerPoint, Underwriting software and systems.
Ability to stay current with the business environment within third party lending.
Excellent customer service skills and analytical skills.
Excellent verbal and written communication skills.
Ability to work independently and adapt to a constantly changing environment.
Ability to be a creative and innovative problem solver.
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
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Equal Employment Opportunity We're 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. Different makes us better.
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance and Sales
Location Florida, United States
Compensation $90,000.00‑$140,000.00
Contact Brandon, FL $90,000.00‑$140,000.00 [2 weeks ago]
#J-18808-Ljbffr