Jr. Underwriter
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 role of the Jr Underwriter is to review and analyze documentation provided on each loan including the 1003, credit report, income and asset documentation, purchase agreement, title report, etc. to make an informed lending decision in compliance with Newrez polices and guidelines.
Principal Duties
• Maintain daily workflow prioritization & perform the proper compliant review to ensure every loan has been processed in quality, timely and an overly efficient manner
• Communicate with all 3rd parties tied to the transaction, including, but not excluded to the appropriate Title Company and Appraisal Management Company
• Work closely with our internal departments: Underwriting, Secondary, Closing and Post-Closing
• Establish a proper communication channel with Borrower and/or NewRez approved Broker
• Process all loans according to established company Service Level Agreements
• Complete all Jr Processing tasks pursuant to the established systemic conditions
• Utilize Newrez reporting platform to manage and perform pipeline related tasks
• Ensure all files are completed in accordance with established Service Level Agreement(s)
• Other duties as directed
Education and Experience Requirements
• Bachelor's Degree preferred
Knowledge, Skill, and Ability Requirements
• Ability to work and thrive in a fast-paced environment
• Able to handle multiple tasks and meet deadlines
• Detail oriented
• Excellent written and verbal communication skills
• Must work well in a team environment
• Proficient with MS Office
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
Additional Information:
While this description is intended to be an accurate reflection of the position's requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits :
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
• 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
Newrez NOW:
• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
• Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
• Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
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.
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