Division Manager

Reposted Yesterday
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8 Locations
In-Office or Remote
Senior level
Financial Services
The Role
The Division Manager directs Joint Venture mortgage production, develops strategies for growth, oversees P&L, and leads recruiting efforts while enhancing brand success.
Summary Generated by Built In
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.
 

Title:  Divisional Manager

Code:  SA6-010    

FLSA Status:  Exempt     

Department: Originations - NewRez-Shelter - Administration  

Location: Remote

Reports To: SVP - Joint Venture & Retail Lending  

Primary Function

The Division Manager is responsible for partnering with the Joint Venture President in managing and directing Joint Venture mortgage, Production, as well as planning and organizing strategic initiatives. The Division Manager provides sales development and leadership/ management of Joint Venture Presidents as aligned with corporate targets. Directly responsible for overseeing production goals based on recruiting activities, success rate strategies, and margin management, while developing Joint Venture Presidents and their respective Joint Ventures.

Direct Reports

  • JV President

Principal Duties

  • Identifies opportunities for growth in both existing Joint Ventures and new partnerships.
  • Develops and leads the implementation of overall strategy to increase JV success rates and funded volume.
  • Collaborates with Sr. Division Manager & Channel Leader to evaluate Joint Venture performance.
  • Provides strategic direction, business plans, and oversight to ensure each Joint Venture is maximizing profitable production while maintaining efficient and accurate operations.
  • Supports and assists Joint Venture presidents with recruiting efforts, staffing models, board meeting preparation, building a sales centric culture, and a focus on both the employee and customer experience.
  • Responsible for communication and implementation of company policies and procedures.
  • Oversees management of P&L for assigned Joint Ventures.
  • Promotes, supports, and enhances the Newrez ventures brand.
  • Perform other related duties as assigned.

Education and Experience Requirements  

  • Bachelor’s Degree preferred
  • Leadership experience working with management level employees in multiple markets required.
  • 7+ years in mortgage (production).
  • Strong communication and interpersonal skills with a proficiency in budgets, P&L, and other financial reports.

Knowledge, Skill, and Ability Requirements  

  • Knowledge of mortgage industry, regulatory environment, and financial markets.
  • Strong managerial, organizational, and problem-solving skills with ability to multi-task.
  • Demonstrated leadership, enthusiasm, and ability to recruit and motivate others.
  • Excellent interpersonal, oral, and written communication skills.
  • Ability to meet aggressive deadlines and build strong working relationships with multiple departments.
  • Ability to successfully recruit, mentor, and lead Joint Venture presidents.

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.

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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The Company
HQ: Fort Washington, PA
1,575 Employees

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.

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