Sr Reno Project Analyst (On-site)

Newrez LLC - Servicing; Coppell (TX); On-site; USD 95,000 - 125,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Health Savings Account with employer

401(k) Retirement plan with employer-m

Paid Maternity Leave/Parental Bonding

Job summary

Newrez LLC - Servicing in Coppell, TX is seeking a Senior Renovation Project Analyst to lead the Draw Administration process for renovation loans and ensure compliance, training initiatives and escalations are managed effectively.

You will collaborate with Accounting, QC, Government Insuring teams; review documentation; determine eligibility; disbursement approvals; train and lead analysts; manage investor requirements and process improvements.

Qualifications

• 5+ years mortgage loan life-cycle experience; /or 2 year Conventional/Government renovation project review experience.
• Experience with FHA 203(k) & HomeStyle Renovation processing is highly preferred.

Responsibilities

• Advise and assist internal business partners with complex project-related inquiries.
• Reviews/analyzes documentation to meet underwriting and investor guidelines.
• Determines project eligibility based on agency/investor guidelines.
• Reviews and approves disbursement requests.
• Communicates and handles complex customer interactions and disputes.
• Conducts quality review of disbursements and daily/weekly/monthly renovation reporting controls.
• Creates and facilitates training for Renovation Project Analysts.
• Leads special projects and initiates process improvements.
• Manages investor regulatory requirements to meet SLAs.

Skills

Interpersonal skills

Written communication

Analytical thinking

Time management

Customer service

Attention to detail

Autonomy

Adaptability

Education

High school diploma or equivalent

Bachelor’s degree (Business/Finance/Accounting)

Tools

Microsoft Office

SharePoint

Job description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Primary Function

The Sr Renovation Project Analyst works with the Renovation Project Analyst, management team and internal stakeholders to ensure compliance, training initiatives and escalations are effectively managed during the Draw Administration process for VA,FHA 203(k), FHLMC Choice and FNMA Homestyle Renovation and Escrow Holdback loans. The Analyst is expected to lead the Draw Administration team on special projects whiledelivering outstanding customer service to all stakeholders.

Principal Duties

• - Advise and assist internal business partners (Accounting, QC, Government Insuring, etc.) with complex project-related inquiries (Accounting, QC, government insuring)
• - Reviews/analyzes documentation submitted on behalf of the renovation project analyst to ensure it meets the Company’s underwriting, investor (FNMA/FHLMC/FHA/VA) guideline requirements.
• - Determines project eligibility based on the Company’s agency/investor guidelines.
• - Reviews and approves disbursements requests based on the Company’s agency/investor guidelines.
• - Communicates and handles complex customer interactions and handles disputes through proper channels. Support training initiatives for Renovation Project Analysts.
• - Conducts quality review of disbursements requests based on agency/investor guidelines, including the submission of all current required renovation documents.
• - Conducts quality review of daily, weekly, and monthly Renovation reporting controls created to ensure appropriate processes and procedures are executed.
• - Creates and facilitates training and refresher classes to support training initiatives for Renovation Project Analysts.
• - Takes the lead on special projects and initiatives introduced to improve team performance in compliance, production, and quality.
• - Manages investor Regulatory requirements to ensure appropriate SLA’s are met.
• - Participates in the implementation of process improvement/cost saving initiatives.
• - Reviews and provides feedback on monthly investor reporting.
• - Performs related duties as assigned by management.

Education and Experience Requirements

• - High school diploma or equivalent, required.
• - Bachelor’s degree (Business/Finance/Accounting), preferred.
• - 5+ years' mortgage loan life-cycle experience; &/or 2 year Conventional/Government renovation project review experience.

Knowledge, Skill, and Ability Requirements

• - Excellent interpersonal, oral & written communication skills including Microsoft Office & SharePoint.
• - Demonstrated ability to multi-task, prioritize & time manage efficiently & effectively; strong analytical skills with the ability to exercise independent judgment.
• - Ability to work autonomously under minimal supervision.
• - Excellent customer service orientation.
• - Strong attention to detail and organization skills.
• - Ability to adapt to change and grasp new concepts with minimal guidance.
• - FHA 203(k) &/or HomeStyle Renovation processing experience highly preferred.

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 Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits :

We offer benefits, programs, and perks that support you in every aspect of your life.

• - Medical, dental, and vision insurance
• - Health Savings Account with employer contribution
• - 401(k) Retirement plan with employer match
• - Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• - Adoption Assistance
• - Tuition & Certification reimbursement
• - Employee Mortgage Loan Program
• - The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

• - 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• - Matching Gifts Program - dollar-for-dollar up to $1,000
• - Access to grants, nonprofit resources, and volunteer opportunities
• - More than $6,000,000 donated since 2020
• - 1 in 5 employees participates in at least one Employee Resource Group (ERG)

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.