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Business Analyst - Default Systems and Support (On-site)

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 Business Analyst - Default Systems & Support will play a key role in the support of various department in default, including Foreclosure, Bankruptcy, Property Preservation, and Post-Foreclosure. The Business Analyst- Default Systems & Support’s primary objective is to optimize the utilization of key business workflow software such as Black Knight LoanSphere, Tableau, and other various workflow systems. The Business Analyst- Default Systems & Support will analyze system configuration and existing business rules, gather requirements from the business unit, and design and help implement solutions including workflow changes and automation. They will have strong organizational and problem-solving skills as well as the ability to clearly communicate technical items with both technical and non-technical team members.

Principal Duties

  • Collaborate with the business unit, IT business partners, other internal departments, and external firms to optimize system utilization.
  • Create reports and assist the business units with ad hoc data.
  • Proactively analyze and identify system enhancements to streamline workflow processes and improve efficiencies.
  • Manage a project list, analyze appropriate prioritization based on cost benefit analysis, and conduct prioritization meetings with business unit management team.
  • Create and clearly communicate detailed technical requirements to IT partners as well as to non-technical team members and management.
  • Development of process flows, job aids, and procedures relative to foreclosure, bankruptcy, property preservation, and post-foreclosure processes.
  • Act as a subject matter expert for system troubleshooting and running and creating oversight reporting as well as implementing system enhancements Performs additional projects and duties as assigned by supervisor.
  • Create, manage, and oversee ongoing enhancements of automation relative to default workflows systems.
  • Performs related duties as assigned by management.

Education and Experience Requirements  

  • Bachelor’s Degree in technical, quantitative, or analytical discipline preferred.
  • 1+ years’ experience in mortgage or default servicing preferred.

Knowledge, Skill, and Ability Requirements  

  • Demonstrated analytical and business communication skills.
  • Strong attention to detail and an ability to multi-task, respond well to pressure and deadlines, and work well individually and in a collaborative environment.
  • Strong skills in Excel (charts, formulas, pivots) or other data manipulation software
  • 1+ years of experience with Microsoft SQL
  • Fast learner – able to assimilate new ideas and thrive in a fast-paced environment.
  • Experience with Tableau is a plus.
  • Prior work experience with BlackKnight LoanSphere is a plus.
  • Python programming experience preferred.
  • Visio and process documentation experience 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 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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What You Should Know About Business Analyst - Default Systems and Support (On-site), Newrez

Join Newrez as a Business Analyst - Default Systems and Support in Coppell, TX, and take your career to the next level! In this dynamic role, you will be pivotal in assisting our default departments including Foreclosure, Bankruptcy, Property Preservation, and Post-Foreclosure. Using tools like Black Knight LoanSphere and Tableau, you'll analyze system configurations and collaborate with business units to design innovative workflow solutions. Your knack for clear communication will be essential as you transmute complex technical requirements into understandable terms for both technical and non-technical stakeholders. We value teamwork and celebrate health & wellness with benefits like medical, dental, and vision insurance, along with a 401(k) retirement plan. This is not just a job but a chance to contribute to our mission of exceeding borrower expectations while being recognized for your superior performance and innovative thinking. If you're organized, detail-oriented, and a fast learner ready to tackle exciting challenges, we want to hear from you!

Frequently Asked Questions (FAQs) for Business Analyst - Default Systems and Support (On-site) Role at Newrez
What are the primary responsibilities of a Business Analyst - Default Systems and Support at Newrez?

As a Business Analyst - Default Systems and Support at Newrez, you'll collaborate extensively with business units and IT partners to optimize system utilization. Your primary responsibilities include analyzing existing workflows, gathering business requirements, and implementing workflow changes using software like Black Knight LoanSphere and Tableau. You'll also be responsible for managing project lists and communicating technical requirements clearly to foster better understanding across teams.

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What qualifications are needed for the Business Analyst - Default Systems and Support position at Newrez?

To qualify for the Business Analyst - Default Systems and Support role at Newrez, candidates should ideally possess a Bachelor’s Degree in a technical or analytical field and have at least 1 year of experience in mortgage or default servicing. Additionally, strong analytical skills, proficiency in Excel, experience with Microsoft SQL, and familiarity with tools like Tableau are highly regarded. Prior experience with Black Knight LoanSphere is a plus!

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How does Newrez support career growth for Business Analysts?

Newrez is committed to the growth of its employees, including Business Analysts. You'll have opportunities to engage in Tuition Reimbursement programs, granting you the chance to advance your knowledge and skills in relevant areas. The company promotes innovative solutions, encouraging you to seek out and implement enhancements to default workflows—setting you on a path for professional development and career advancement.

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What types of projects will Business Analysts work on at Newrez?

Business Analysts at Newrez will be involved in diverse projects that enhance the default servicing process, including optimizing system configurations and implementing new workflow solutions. You'll analyze project priorities based on cost-benefit analysis and work closely with various internal and external stakeholders to develop process flows and procedures, ensuring that all projects align with business objectives and customer satisfaction.

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What benefits does Newrez offer to its employees in the Business Analyst role?

In addition to competitive salaries, Newrez provides a comprehensive benefits package for its employees, including medical, dental, and vision insurance, a robust 401(k) retirement plan with employer match, and additional wellness initiatives such as paid maternity leave and an employee wellness program. There's also a strong commitment to community engagement through initiatives like Volunteer Time Off (VTO) and employee matching gifts.

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Common Interview Questions for Business Analyst - Default Systems and Support (On-site)
Can you describe your experience with data analysis tools relevant to the Business Analyst position?

In your response, highlight specific tools you’ve used like Excel, Tableau, or SQL. Discuss how you employed these tools to analyze data, draw insights, or support business decisions. Be sure to include any relevant projects and the impact of your analysis on those projects.

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How do you prioritize your projects as a Business Analyst?

Discuss your approach to prioritization, emphasizing methodologies such as cost-benefit analysis or user impact assessment. Mention how you involve stakeholders in determining priorities and your systematic approach to managing multiple projects simultaneously.

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How have you previously communicated technical information to non-technical stakeholders?

Provide an example where you successfully translated complex technical ideas into accessible language. This might involve using visuals, creating presentations, or developing documentation that clarified technical processes for business units.

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What strategies do you use for effective stakeholder collaboration?

Detail how you engage stakeholders through regular meetings, updates, and feedback sessions, ensuring that you stay aligned with their needs and expectations. Emphasize the importance of active listening and adaptability in your collaboration efforts.

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Can you give an example of a process you improved in your last job?

Describe a specific situation where you identified inefficiencies in a workflow, the steps you took to address them, and the outcomes of your improvements. Focus on measurable results to showcase your impact effectively.

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What is your experience with workflow automation, especially in relation to default systems?

Talk about any specific automation projects you’ve worked on related to default systems. Describe the tools and methodologies used and the outcomes, showcasing how automation led to improved efficiency.

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How do you stay updated with trends in the mortgage and default servicing industry?

Mention your methods for continuous learning, such as industry publications, online courses, webinars, or professional networking. Highlight how staying informed enhances your effectiveness as a Business Analyst.

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What role does documentation play in your analysis process?

Emphasize the importance of clear documentation in conveying requirements, processes, and project status. Discuss how effective documentation helps ensure continuity despite personnel changes and enhances communication among teams.

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Describe a time when you faced a challenge during a project. How did you handle it?

Choose a specific challenge and explain the context. Focus on your problem-solving approach, collaboration with team members, and the steps you took to overcome the challenges faced, while highlighting your critical thinking skills.

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What software do you find essential for a Business Analyst in the mortgage industry?

List tools that you consider essential, explaining why they are important for data analysis, project management, and communication in the mortgage industry. Highlight knowledge of software like Black Knight LoanSphere, Tableau, or any relevant data management tools.

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DATE POSTED
March 28, 2025

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