Scenario 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 Underwriter Scenario is responsible for acting as a subject matter expert in Underwriting Newrez products, processes, and interpretation of investor guidelines. This position is primarily responsible for providing detailed underwriting guidance and proactive lending solutions to our Sales partners and clients.

Direct Reports

• NA

• Principal Duties

  • Responsible for reviewing loan scenarios and providing lending solutions to our Sales partners and clients.
  • Exercise appropriate judgment and authority in interpreting and providing loan solutions based on knowledgeable decisions.
  • Effectively escalate credit risk and underwriting related questions as needed.
  • Create lending solutions through proactive problem solving, researching, and answering product, process, and guideline questions.
  • Cultivate and maintain strategic business relationships.
  • Demonstrate commitment to, and compliance with, NewRez credit risk philosophy.
  • Provide best in class customer service.
  • Analyze borrower’s credit profile, collateral, and capacity to repay the proposed mortgage obligation.
  • Complete fully developed income calculations for various loan products.
  • Stay informed of current and acceptable underwriting practices.
  • Maintain and cultivate effective working relationship with internal and external customers.
  • Prioritize work queue to ensure service level agreements are met.
  • Consistently meet or exceed established minimum productivity and quality goals.
  • Provide quality control responses in a timely manner.
  • Act as a role model of the company’s values, acting in an ethical and professional manner at all times.
  • Embrace company culture.
  • Performs related duties as assigned by supervisor.

  • Education and Experience Requirements

    • Minimum 4 years of residential loan underwriting experience.
    • Strong processing background preferable.
    • High school diploma required.
    • College diploma preferred.

    • Knowledge, Skill, and Ability Requirements

      • Strong analytical skills.
      • Ability to make riskbased lending decisions supported with relevant data and research.
      • Detail oriented.
      • Knowledgeable with MS Office.
      • Excellent Customer Service skills.
      • Excellent verbal and written communication skills.
      • Great organizational skills.

      • Additional Information:

        While this description is intended to be an accurate reflection of the position’s requirements, it in no way impliesstates 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 LeaveParental 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, companypaid 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 nonprofit organizations, dollarfordollar, 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
            Were 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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