Processor

Primary Function

The Processor works in conjunction with Sales to ensure all loans in assigned pipelines are facilitated through the loan manufacturing process. Additionally, this role will maintain daily workflow prioritization & perform the proper due diligence to ensure every loan has been processed in quality, timely and efficient manner. The Processor establishes communication with all 3rd parties tied to the transaction, including, but not excluded to the appropriate Title Company and Appraisal Management Company. The Processor also works closely with our internal departments Underwriting, Secondary, Closing and Post-Closing.

Principal Duties

• Establishes proper communication with Borrower (where necessary).
• Actively communicates with all 3rd Parties.
• Completes the proper due diligence on any / all loan conditions received from Sales.
• Processes all loans according to established NPF Service Level Agreements
• Performs necessary pipeline tasks required to clear all assigned Processing Conditions.
• Processes all files pursuant to the NPF pre-closing checklist.
• Properly maintains satisfactory monthly quality scores.
• Coordinates all closing requests received from Sales.
• Audits files for compliance throughout the loan process : RESPA / GFE, all applicable State / Federal tests, TILA & other required state specific disclosures.
• Prepares loan file for final review by Processing Manager
• Performs related duties as assigned by management.

Education and Experience Requirements

Knowledge, Skill, and Ability Requirements

INDHP1 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