Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

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, polices, and procedures. This position will also provide training, guidance, and support for all team members.

• Review, analyze and make final determination 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 on loans underwritten by 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.
• Maintain department resource library to maintain reference material.
• 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.
• Ability to effectively and accurately convey information to others.
• Performs related duties as assigned by management.

• High School Diploma or equivalent required; 4-year college degree preferred.
• 5+ years of underwriting experience with conforming and non-conforming loans.
• Mortgage banking industry experience with Jumbo Loans and/or Government Products a plus.

• FHA and/or VA Designations Required
• 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.

Work Environment and Physical Requirements

• Working on-site at assigned office location.
• Regular and punctual attendance adhering to schedule established by leadership.
• Flexibility to work occasional adjusted work schedules, overtime, and evening and/or weekend hours to meet deadlines or as business needs demand.
• Working in a cubicle hub, maintaining focus on phone calls in a noisy environment within earshot of multiple other conversations.
• Sedentary work in a stationary position at a cubicle for prolonged periods of time.
• Constant repetitive motions required for operating a computer, such as typing and managing phone calls.
• Constantly communicating effectively verbally in English, including accurately exchanging information with others following identification of correct procedures.

Last Updated: 10/11/2023

A good faith estimate of the compensation is:

Compensation for this position may also include other elements, including medical, financial, various paid time off benefits, and a bonus based on individual and company performance, variable or annual.

Placement within the range will be based on a variety of factors, including but not limited to, skills, experience, qualifications, location, etc.

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 Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

• Adoption Assistance

• Tuition & Certification reimbursement

• Employee Mortgage Loan Program

• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

• Matching Gifts Program - dollar-for-dollar up to $1,000

• Access to grants, nonprofit resources, and volunteer opportunities

• More than $6,000,000 donated since 2020

• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

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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