Underwriter III
Newrez, Phoenix, AZ, United States
Responsibilities
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 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.
Education and Experience
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.
Qualifications
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.
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/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
Compensation 60,800.00 - 99,960.00. 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.
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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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.
Education and Experience
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.
Qualifications
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.
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/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
Compensation 60,800.00 - 99,960.00. 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.
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.
#J-18808-Ljbffr