Full-Time

Underwriting Manager

Posted on 5/1/2025

Newrez

Newrez

1,001-5,000 employees

Mortgage lending and financial services provider

No salary listed

Senior

Company Does Not Provide H1B Sponsorship

Tampa, FL, USA + 5 more

More locations: Ontario, Canada | Philadelphia, PA, USA | Georgia, USA | Arizona, USA | DeSoto, TX, USA

This is not a remote role and is required to be on-site.

Category
Insurance
Risk Management
Finance & Banking
Required Skills
Sales
Management
Word/Pages/Docs
Customer Service
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Connection
Connection
Connection
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Requirements
  • 6-8 years residential mortgage underwriting experience with recent exposure in both government and agency originations
  • Requires a minimum of three (3) years’ Team Lead, Supervisor or Management experience
  • Knowledge of loan regulatory guidelines
  • Operational knowledge of wholesale residential lending, including production and support functions
  • Professional written, verbal and interpersonal communication skills
  • Proficient at running, reading and interpreting AUS results including DU/LP and TOTAL Scorecard
  • Working knowledge of RESPA 2010, HMDA, MDIA and Appraisal Independence Requirements (AIR)
  • Demonstrated leadership qualities with the ability to provide vision and inspiration to peers and others.
  • Knowledge of FHA/VA regulations as well as FNMA/FHLMC and investor underwriting guidelines
  • Maintain working knowledge of all New Penn loan programs to ensure loans conform with program requirements through the loan process and to able to answer questions as needed.
  • Working knowledge of lending compliance and regulations
  • Ability to identify and resolve problems in a timely manner.
  • Proficient in Microsoft Office (Word, Excel, PowerPoint) programs
  • Strong organizational skills
  • Effective written and verbal communication skills
  • Natural collaborative approach to decision-making
  • Clear understanding of the implications of customer service
  • Effective decision-making, customer service, sales, customer support and problem-solving skills
  • Working knowledge of government and agency requirements as well as investor underwriting guidelines
  • Strong attention to detail and accuracy
  • Strong organizational and time management skills
  • Ability to multi-task and work in a deadline driven environment.
  • Ability to work effectively in a team environment.
  • Expert level underwriting skills as it relates to title, income, credit reports and collateral.
Responsibilities
  • Supervises daily activity of the Underwriters to ensure SLA are met or exceeded for both underwriting and conditions review.
  • Responsible to ensure the proper training of the Underwriters on the LOS, AUS, regulatory and compliance policies, negotiating skills, 3rd party vendor services and any other area necessary to be effective in their role.
  • Develops or utilizes system reports to effectively monitor and manage individual underwriter productivity and take appropriate action when necessary.
  • Participates in and/or facilitates resolutions of individual file conflicts.
  • Conducts the review of files requiring a second look at established by New Penn policies.
  • Maintains and cultivates an effective working relationship with internal and external customers.
  • Effectively communicates all decisions and any required conditions to the broker, Account Manager, Territory Manager and or Sales Manager.
  • Responds to all inquiries in a timely manner as established by company SLA’s.
  • Carries out management responsibilities in accordance with New Penn policies and applicable state laws for team of associates including training, coaching, supervising, motivating, planning, assigning and directing work, monitoring performance and taking appropriate action when necessary.
  • Participates in the selection and interview process for Underwriter candidates.
  • Organizes and facilitates regular department meetings.
  • Participates in management meetings as needed.
  • Constantly evaluates the processes for improvement opportunities.
  • Communicates with the Operations Manager, Sales Manager and other appropriate positions when service levels are at risk.
  • Provides feedback to the other department Team Leads and the Operations Manager.
  • Develops and/or works with the training resources to develop training programs to ensure adequate growth and development of associates.
  • Reviews HMDA data for accuracy on loans that the final disposition was completed by the Underwriter.
  • Provides quality control responses in a timely manner.
  • Monitors Secondary Marketing Outstanding Conditions Report and ensures conditions are being responded to in a timely manner.
  • Identifies and develops a successor to this role.
  • Performs other duties and special projects as required.
  • Displays excellent verbal, written and interpersonal skills.
  • Serves as a role model for peers and associates by acting with integrity and in a positive manner at all times.
  • Acts as a role model of the company’s values, acting in an ethical and professional manner in all respects.
  • Embraces company culture.
  • Performs related duties as assigned by supervisor.

Newrez specializes in providing mortgage lending services, focusing on the needs of individuals rather than just the financial aspects of transactions. Their offerings include a variety of mortgage products designed to meet different customer needs. Newrez operates by combining their mortgage expertise with financial strength to create tailored lending solutions. Unlike many competitors, Newrez emphasizes a personal approach to lending, ensuring that the experience is centered around the customer. The company's goal is to make the mortgage process more accessible and supportive for borrowers, helping them navigate their financial decisions with confidence.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Whitemarsh Township, Pennsylvania

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Newrez earned a spot in Scotsman Guide's 2024 Top Mortgage Lenders.
  • Rithm Capital's acquisition expands Newrez's servicing portfolio and subservicing platform.
  • Focus on digital mortgage solutions could enhance Newrez's offerings.

What critics are saying

  • Recent layoffs may lead to employee dissatisfaction and decreased morale.
  • Integration challenges from acquiring Computershare Mortgage Services could affect operations.
  • Increased competition from companies expanding lending capacity poses a threat.

What makes Newrez unique

  • Newrez's partnership with E4E Relief supports employees during difficult times.
  • Newrez's CFO, Dart Budz, received the 2024 Insiders Award from HousingWire.
  • Newrez won the 2024 PRISM Award for its work supporting LGBTQ+ employees.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Pet Insurance

Adoption Assistance

Tuition Reimbursement

Employee Assistance Plan

Company News

Inman
Mar 4th, 2025
UHM adds $1B in lending capacity with NRL Mortgage acquisition

Former Caliber Home Loans and Newrez executive Jim Racine was named Midwest division manager, while UHM veteran Bryan Wright was promoted to East division manager.

Wissnow
Aug 21st, 2024
Fort Washington-based business aims to support employees during difficult times

Newrez has partnered with "E4E Relief," a 501(c)(3) nonprofit in order to fund the NEED Fund, which includes funding from both corporate contributions, as well as voluntary donations from employees.

MyChesCo
Aug 7th, 2024
Newrez CFO Dart Budz Honored with HousingWire's 2024 Insiders Award

FORT WASHINGTON, PA - Newrez LLC announced that its Chief Financial Officer, Dart Budz, CPA, has been honored with the 2024 Insiders Award from HousingWire.

MyChesCo
Jul 16th, 2024
Newrez LLC Earns Spot in Scotsman Guide's 2024 Top Mortgage Lenders

Newrez LLC earns spot in Scotsman Guide's 2024 Top Mortgage Lenders.

Yahoo Finance
Jun 28th, 2024
Newrez Receives PRISM Award in Recognition of Work for LGBTQ+ Employees

FORT WASHINGTON, Pa., June 28, 2024-(BUSINESS WIRE)-Newrez LLC ("Newrez," "the company"), a leading national mortgage lender and servicer proudly announced they've won National Mortgage Professional's (NMP) PRISM Award for 2024.