Underwriting Support Analyst

Serve as support for various underwriting responsibilities and departments and reports to an Underwriting Manager.  Responsibilities will include regional denials and assumption reviews in addition to all other tasks within the team such as mortgage insurance orders, Collateral Desktop Analysis (CDA) orders, down payment assistance (DPA) approvals, investor take outs.

If yes, list what positions report into the role. Examples below.

• N/A

List of required duties below. Distinguish on-site duties with an *. Examples below.

• Review and process mortgage insurance requests
• Reconcile weekly and monthly reports to validate volume with mortgage insurance partners and resolve any discrepancies.
• Order Collateral Desktop Analysis (CDA’S) reports and perform follow up on outstanding requests.
• Perform second level review for accuracy on loans denied by the regional sales department.
• Review and complete denials for correspondent channel to maintain Equal Credit Opportunity Act (ECOA) compliance
• Review undisclosed liabilities for refinance and purchase transactions and complete credit attestation letter on new credit inquiries to comply with Federal National Mortgage Association (FNMA) loan quality initiative (LQI) to mitigate repurchase liability.
• Perform an underwriting review on credit qualifying assumption requests received from servicing.
• Upload prior approval packages to Veteran’s Administration (VA) portal for review.
• Upload credit underwriting packages and appraisals to Jumbo investors
• Review Downpayment Assistance Programs to ensure program meets eligibility guideline requirements.
• Other duties as directed.

Required education and experience. Examples below.

• High School Diploma or equivalent required; bachelor’s degree preferred
• Two (2) years of residential loan underwriting experience
• DE or SAR certifications preferred.

Required knowledge, skills, and ability. Examples below.

• Detailed knowledge of Agency and Non-Agency underwriting guidelines and products through proficient use and review of manuals, procedures, memos and training materials.
• Advanced ability to make risk-based lending decisions supported with relevant data and research.
• Excellent written and verbal communication skills
• Strong technical skills including Microsoft Office applications
• Ability to work independently and in a team environment.
• Ability to work in a fast-paced mortgage environment.

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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