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.
 

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.

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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