QC Underwriter III

Newrez•Coppell, TX

About The Position

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.

Requirements

High School Diploma or equivalent; Bachelor’s degree preferred
5-7 years of progressive related experience.
Residential mortgage underwriting experience
DE certification; VA LAAP/SAR preferred
Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
Knowledge of FHA, VA, USDA, Non-QM, FNMA and FHLMC policies and guidelines
Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines
Knowledge of mortgage insurance (MI) guidelines
Working knowledge of various fraud tools
Strong interpersonal, oral and written communication skills
Excellent customer service orientation
Ability to multi-task, effectively prioritize tasks and responsibilities; effective time management
Strong analytical skills; effective decision making skills with the ability to appropriately exercise independent judgment
Strong quality orientation with an attention to detail and accuracy
Ability to work independently, as well as, effectively function as a member of the QC Team
Accountability; strong work ethic
Integrity, ability to maintain and work with confidential information
Strong Microsoft Office skills to include MS Word & Excel
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.

Responsibilities

Conduct reviews in accordance with agency and company standards to include individual analysis of: Loan application Credit profile/report(s) Debt and assets Income/financial statements Loan values/loan-to-value ratios Appraisal reports Collateral and supporting documentation
Identify 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 response
Escalate files with suspected fraud to the Fraud Investigations Unit
Identify quality trends and work with the Quality Control Management Team to recommend and drive corrective action
Ensure compliance with Caliber policies, processes, and practices
Perform other duties and/or participate on department projects as assigned

Benefits

Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental 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, company-paid 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 non-profit organizations, dollar-for-dollar, 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