Full-Time

Underwriting Manager

Confirmed live in the last 24 hours

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
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 journeys.

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's inclusion in Scotsman Guide's 2024 Top Mortgage Lenders boosts its industry reputation.
  • CFO Dart Budz's 2024 Insiders Award enhances Newrez's credibility in financial management.
  • Digital mortgage solutions trend offers Newrez opportunities for innovation and market expansion.

What critics are saying

  • Layoffs in Colorado and Jacksonville indicate potential financial or operational challenges for Newrez.
  • Rising interest rates may reduce mortgage refinancing, impacting Newrez's revenue.
  • Increased competition from fintechs could erode Newrez's market share.

What makes Newrez unique

  • Newrez's leadership includes former CFPB exec Mark McArdle, enhancing regulatory expertise.
  • Partnership with E4E Relief supports employees, showcasing commitment to corporate social responsibility.
  • Recognition with PRISM Award highlights Newrez's dedication to LGBTQ+ employee support.

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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

HousingWire
May 1st, 2025
Newrez hires former CFPB exec Mark McArdle to lead mortgage policy efforts

Newrez hires former CFPB exec mark McArdle to lead mortgage policy efforts.

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.