We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
POSITION SUMMARY
As a member of the Capital Markets team, this position will support and implement Capital Markets’ product pricing process, and publish pricing/rates sheets for the various lending channels. Additional responsibilities would include close coordination with other members of Capital Markets and the Production Channels.
ESCRIPTION
Essential Functions, Duties, and Responsibilities
- Accurately and efficiently build best execution pricing and publish final rate sheets for all lending channels
- Perform control procedures to confirm pricing is accurate, maintain control documentation, and work with audit counterparties in order to ensure the Company is in compliance with control requirements
- Monitor live MBS pricing for material changes in the market, and re-run best execution pricing, and republish final pricing in accordance with Company policy
- Update pricing models to incorporate assumption changes – Buyup/Buydown multiples, Mortgage Servicing Right values, Guarantee Fees, etc.
- Assist in the development of new product pricing for the secondary market, and perform in-depth testing prior to new product deployment
- Monitor third party loan level pricing adjustments for changes and implement updated pricing adjustments in conjunction with the product development team
- Perform competitor price comparisons to assist senior management’s effort to identify potential pricing and revenue opportunities
- Assist the Margin Management group in implementing new pricing strategies, and ensure they are tested and implemented accurately
- Other duties may include assisting in processing loan data files for the Bulk bidding process, and ensuring the bids are processed and distributed timely and accurately
Qualifications and Education Requirements
- BS degree in Finance, Accounting, Economics or a related field
- Two plus years experience in the mortgage industry or financial services
Skills, Abilities, and Knowledge
- Strong verbal communication skills
- Strong interpersonal skills with the ability to develop and maintain effective and professional relationships across the organization
- Strong analytical, quantitative, and communication skills
- Must be competent in standard Microsoft applications such as Excel, Word, Powerpoint
- SQL skills are a plus
- Strong Microsoft Office skills
Work Environment and Physical Requirements
- Working on-site at assigned office location.
- Regular and punctual attendance adhering to schedule established by leadership.
- Working in a cubicle, maintaining focus on phone calls in a noisy environment within earshot of multiple other conversations.
- Sedentary work in a stationary position at a cubicle for prolonged periods of time.
- Constant repetitive motions required for operating a computer, such as typing and managing phone calls.
- Constantly communicating effectively verbally in English, including accurately exchanging information with others following identification of correct procedures.
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 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
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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What We Do
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.








