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Manager Specialty & Commercial

Role overview

Qualifications

  • High school diploma or equivalent, required
  • 6+ years of experience in collections, finance, or related industry
  • 5 years of direct employee supervisory experience
  • Bachelor’s degree, preferred

Responsibilities

  • Provide guidance and leadership for supervisors, team leaders and team members company wide
  • Directly manage Performing Specialty Collections and/or Commercial and/or 2nd lien
  • Review daily production and performance results and address successes and failures
  • Develop, lead, and mentor team members and supervisors to reinforce skills and effectiveness

Key facts

Other skills

  • Leadership
  • Team Management
  • Microsoft Excel
  • Analytical Skills
  • Communication
  • Organizational Skills
  • Self-Motivation

About the company

Newrez LLC logo

Newrez LLC

Mortgage & Real Estate Finance

Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, Newrez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, Newrez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. Newrez’s servicing business consists of its performing loan servicing division, Newrez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. Newrez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. Newrez is member of the New Residential Investment Corp. family. More information is available at www.newrez.com.© 2022 Newrez LLC {f/k/a New Penn Financial, LLC}. All Rights Reserved. {Doing business as Newrez Mortgage in the states of Arkansas and Texas}. {Website approval pending with the New York Department of Financial Services.} This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Newrez LLC, 1100 Virginia Drive, Suite 125, Fort Washington, PA 19034. Corp NMLS#: 3013 (www.nmlsconsumeraccess.org). Additional licenses available at www.newrez.com. Equal Housing Opportunity.

Company details

Company typeLarge
IndustryMortgage & Real Estate Finance
Company size5001 - 10000

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Job description

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.

Primary Function

The Manager Specialty & Commercial is responsible for directly assisting the Director in the daily operations and making sure the assets under their leadership perform to acceptable levels set forth by upper management.

Principal Duties

  • Provide guidance and leadership for supervisors, team leaders and team members company wide.
  • Directly manage Performing Specialty Collections (current to 60 DPD) (possibly in either Greenville SC and/or Houston TX) and/or Commercial (current to FC) and/or 2nd lien (current to FC).
  • Develop, lead, and mentor all team members and supervisors to reinforce skills and increase department effectiveness.
  • Review daily production and performance results and address successes and failures.
  • Set daily and monthly goals for teams and for the individual team members.
  • Manage the performing loan delinquency, roll rates and collection efforts to achieve desired results set forth by management.
  • Assist in developing and managing dialer campaigns tailored to the characteristics of each portfolio and team.
  • Communicate with SPCC to ensure inbound and outbound calls are being handled appropriately.
  • Track results of work efforts to ensure desired levels of production and efficiency are achieved.
  • Adjust strategies where required to account for delinquency trending and/or for new portfolio acquisition.
  • Ensure client requirements on Workouts, Deferments, Maturity Extensions, RPPs, Short Sales, and anything requested by clients are reviewed and acknowledged by staff.
  • Work closely with Portfolio Managers on client needs and assist clients when needed.
  • Monitor account levels and determine when additional employees are needed to meet appropriate goals.
  • Audit supervisor’s team’s work for possible errors and provide feedback.
  • Manage fixed and variable collection costs. Interview and hire potential team leader and supervisor collection candidates.
  • Assist in streamlining processes to improve efficiencies across the company.
  • Maintain roll rates as designated by client.
  • Develop and ensure team members are following QA guidelines as required by regulatory agencies.
  • Monitor any payment methods (including ACH, biweekly etc.) to ensure payments are posted correctly.
  • Perform personnel managerial duties such as goal setting and tracking, performance monitoring and coaching, ensuring associate engagement, and other typical managerial duties.
  • Performs related duties as assigned by management.

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

*These essential functions are fundamental to the role, and must be performed on-site, as they cannot physically be performed remotely. In addition, the Company has determined that an in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity. Items not marked (*) as essential on-site, may still require partial on-site work to perform the role satisfactorily.

Education and Experience Requirements 

  • High school diploma or equivalent, required.
  • Bachelor’s degree, preferred.
  • 6+ experience in collections, finance, or related industry with 5 years of direct employee supervisory experience.
  • General management skills are required including strong organizational, communication, and leadership skills, preferably in a production environment.
  • Experience in a call center environment, inbound and outbound preferred.
  • Proficiency with technology, computers, software applications and phone systems.

Knowledge, Skill, and Ability Requirements 

  • Ability to train and motivate employees while remaining calm during difficult situations.
  • Strong excel and computer related skills required.
  • Able to work with deadlines and complete projects on time.
  • Strong conflict resolution skills.
  • Proficiency in data management.
  • Familiarity with the compliance requirements of FDCPA.
  • Moderate analytical skills.

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.

By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.

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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