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.
Job Summary
The position involves accounting for a variety of mortgage loan transactions within the NewRez loan origination accounting team. Transaction details come from various sources and require advanced spreadsheet skills to summarize, track and reconcile. Other general accounting duties may be assigned as needed.
Primary Job Functions
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Assume responsibility for reconciling and recording mortgage loan transactions related to various mortgage warehouse lines of credit, and related bank account activity.
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Manage the journal entry processes related to these transactions, automated through the CMS and GLS loan systems – participate in driving further automation as needed.
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Prepare various journal entries and account reconciliations related to mortgage loan origination activity.
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Maintain spreadsheet models and reports used in the accounting process.
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Interact with Originations Operations and Servicing business partners to investigate and resolve reconciliation variances.
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Ability to understand process flow and how your tasks affect the larger picture.
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Work with our business partners in Operations and Servicing to resolve issues and build efficiencies.
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Work with internal and external auditors and various state examiners to provide accurate and complete information timely.
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Prepare various financial reporting information as required for statutory and compliance related reporting.
Education, Experience and Skills
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Bachelor’s Degree in Accounting or Finance required.
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1-3 years of related accounting experience required.
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Mortgage Loan Accounting experience preferred.
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Mortgage industry experience preferred.
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Very proficient in Microsoft Excel. Data base experience a plus.
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Must have very strong analytical and reconciliation skills using advanced spreadsheet functions.
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Must be able to understand complex transactions, with strong attention to detail.
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Team oriented with ability to interact within and outside of the organization.
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Ability to self-motivate and flexibility to collaborate with business associates in a remote workforce if needed.
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Must be able to handle multiple priorities and meet daily deadlines with quality in a fast-paced, very complex environment.
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!
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Medical, dental, and vision insurance
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Health Savings Account with employer contribution
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401(k) Retirement plan with employer match
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Paid Maternity Leave/Parental Bonding Leave
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Pet insurance
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Adoption Assistance
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Tuition reimbursement
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Employee Loan Program
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The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW:
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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
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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
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Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
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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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Top Skills
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.
