Team Lead - First Line Defense (On-site)

Posted Yesterday
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3 Locations
In-Office
Mid level
Financial Services
The Role
The Team Lead First Line Defense aids management by overseeing FLOD team, ensuring compliance, enhancing processes, and managing audits in mortgage servicing.
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.
 

Primary Function

The Team Lead First Line Defense will assist the manager with the below responsibilities. The individual will assist the First Line of Defense (FLOD) staff as well as interact on a routine basis with Investor Servicing management teams possessing a thorough knowledge of Investor Servicing controls to assist with audits, Business Performance Reviews and P&P assessments.

The Team Lead will have strong communication skills, demonstrate the ability to research and resolve exceptions in a timely manner and collaborate effectively with internal and external business partners.

This individual will provide guidance and oversight to less senior team members and help create and build process documentation, automation, and analytical insights to ensure that we are consistently providing best in class service to our investors and customers.

The individual will work directly with the FLOD analysts to train the staff to understand the processes they are completing as well as any changes to existing processes.

Principal Duties:
  • Assists staff with all FLOD-related requests such as, but not limited to, audits, business performance reviews and controls.
  • Reviews prepared Business Performance Reviews (BPR) test results.
  • Proposes solutions for future process enhancements based on BPR test results, P&P reviews and/or audit findings.
  • Manages remediations, through to completion, in response to audit and/or business performance testing findings with respective departments.
  • Strengthens policies and procedures to ensure the procedure reflects stated controls and current process.
  • Coordinates with the department's management to address issues identified so that reoccurring process issues can be remedied.
  • Maintains and follows procedures and job aids.
  • Possesses an understanding of GSE servicing guides and a willingness to interpret pooling and servicing agreements.
  • Uses Microsoft Excel heavily for data analysis and reporting.
  • Handles ad-hoc reporting or research as directed by management.
  • Demonstrates flexibility to ever-changing business needs and requirements.
  • Performs related duties as assigned by management.

*These essential functions are fundamental to the role, and must be performed on-site, as they cannot physically be performed remotely. In addition, the Company has determined that an in-person presence is important to critical components of our work, including oversight, training, collaboration, and productivity. Items not marked (*) as essential on-site may still require partial on-site work to perform the role satisfactorily.

Education and Experience
  • High school diploma or equivalent, required.
  • Bachelor’s degree in Accounting or Finance, preferred.
  • 4+ years of Mortgage Servicing experience required.
  • 6+ years Investor Reporting experience required.
Knowledge, Skills, and Abilities
  • Advanced MS Excel experience required.
  • Proficient in MS Word and PowerPoint.
  • SQL or other database reporting experience preferred.
  • Servicing Director knowledge a plus.
  • Knowledge of basic accounting principles and practices.                 
  • Solid analytical skills, particularly regarding assessing the probability and impact of an internal control weakness.
  • Proven ability to build strong relationships with stakeholders, learn quickly, be flexible and think strategically.
  • Strong communication skills to interact with Senior Management and other business units.
  • Working understanding of operational risks and related controls.
  • Strong organizational and time management skills necessary.
  • Ability to manage multiple tasks and shift priorities as appropriate to meet reporting deadlines and maintain reporting accuracy and analysis abilities with strong attention to detail.
  • Self-motivated with strong attention to detail and excellent organization skills.

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.

By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.

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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Top Skills

Excel
Microsoft Powerpoint
Microsoft Word
SQL
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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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