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 Quality Control (QC) Underwriter III is responsible for re-underwriting loans files selected for review in accordance with the company's Quality Control Plan. Accuracy and timeliness are key to this process. Results from these reviews are key leading and lagging indicators used by executive management to assess underwriting risk for the organization.
Principal Duties
- Conduct reviews in accordance with agency and company standards to include individual analysis of :
Loan application
Credit profile / report(s)Debt and assetsIncome / financial statementsLoan values / loan-to-value ratiosAppraisal reportsCollateral and supporting documentationIdentify loan deficiencies and calculate the risk grade on each (significant, moderate, minor)Provide Operations with a clear picture of the findings noted with required detail to ensure understanding and provide an adequate responseEscalate files with suspected fraud to the Fraud Investigations UnitIdentify quality trends and work with the Quality Control Management Team to recommend and drive corrective actionEnsure compliance with Caliber policies, processes, and practicesPerform other duties and / or participate on department projects as assignedEducation and Experience Requirements
High School Diploma or equivalent; Bachelor's degree preferred5-7 years of progressive related experience.Residential mortgage underwriting experienceDE certification; VA LAAP / SAR preferredExperience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan ProspectorKnowledge, Skill, and Ability Requirements
Knowledge of FHA, VA, USDA, Non-QM, FNMA and FHLMC policies and guidelinesKnowledge of mortgage loan processing, compliance, investor products and underwriting guidelinesKnowledge of mortgage insurance (MI) guidelinesWorking knowledge of various fraud toolsStrong interpersonal, oral and written communication skillsExcellent customer service orientationAbility to multi-task, effectively prioritize tasks and responsibilities; effective time managementStrong analytical skills; effective decision making skills with the ability to appropriately exercise independent judgmentStrong quality orientation with an attention to detail and accuracyAbility to work independently, as well as, effectively function as a member of the QC TeamAccountability; strong work ethicIntegrity, ability to maintain and work with confidential informationStrong Microsoft Office skills to include MS Word & ExcelWhile 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.
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 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 insuranceHealth Savings Account with employer contribution401(k) Retirement plan with employer matchPaid Maternity Leave / Parental Bonding LeavePet insuranceAdoption AssistanceTuition reimbursementEmployee Loan ProgramThe Newrez Employee Emergency and Disaster Fund is a new program to support our team membersNewrez 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 more1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choiceEmployee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employeeNewrez 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 contributionsEqual 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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