What are the responsibilities and job description for the Mortgage Insurance Specialist (On-site) position at Newrez?
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 Mortgage Insurance (MI) Specialist will be responsible for preparing monthly reports, reconciling, research, and remittance of all MI premiums. In addition, the MI specialist monitors and processes MI cancellation requests per Investor guidelines. An MI specialist will perform all duties in accordance with the company guidelines, applicable federal, state, and local regulations.
Principal Duties
List of required duties below.
Required Education And Experience.
Required knowledge, skills, and ability.
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.
Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
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.
CA Privacy Policy
CA Notice at Collection
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 Mortgage Insurance (MI) Specialist will be responsible for preparing monthly reports, reconciling, research, and remittance of all MI premiums. In addition, the MI specialist monitors and processes MI cancellation requests per Investor guidelines. An MI specialist will perform all duties in accordance with the company guidelines, applicable federal, state, and local regulations.
Principal Duties
List of required duties below.
- Update MI lines on the system of record to maintain accurate records.
- Complete and maintain monthly portfolio audits.
- Process bulk batch payments of MI premiums on a monthly basis.
- Order and evaluate appraisals when appropriate.
- Review and complete MI related research items via task work queue.
- Review and process MI cancellation requests including ordering new valuations.
- Ensures accounts are properly documented with accurate and comprehensive status updates.
- Follows established company guidelines, department policies and procedures.
- Entering daily productivity into department database.
- Ensures compliance with all investor and state guidelines.
- Performs related duties as assigned by supervisor.
Required Education And Experience.
- High school diploma or equivalent, required.
- College degree preferred, not required.
- Minimum of 1 years residential mortgage loan servicing experience
Required knowledge, skills, and ability.
- Knowledge of Microsoft Office (Excel, Word, and Outlook).
- Detail oriented with excellent organizational, analytical, and problem-solving skills.
- Must be able to multi-task in a fast-paced environment.
- Possess excellent communication skills (written and verbal).
- Proven ability to work well both independently and as a team member.
- Ability to make sound decisions based upon department, company policies, procedures, knowledge, and experience.
- Flexible to changing priorities, project scopes, and deadlines.
- Excellent work ethic, high productivity, and acute attention to detail.
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
Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
- 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)
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.
CA Privacy Policy
CA Notice at Collection
Salary : $6,000,000