Job details

Sr. Director MSR Pricing Valuation & Risk

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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

This role is responsible for directing the modeling and valuation of Mortgage Servicing Rights (MSR) cash flows, incorporating voluntary and involuntary prepayment rates, market interest rates, servicing discount rates and other cash flow assumptions. This role will also be responsible for the risk analytics and profile of the organization taking both P&L and cash impacts into consideration over a variety of horizon scenarios. This candidate will need to coordinate with business partners such as Information Technology, Finance, Accounting and Servicing by providing data and information. Additionally, the candidate will be required to ensure the valuation maintains compliance with policies, procedures, and regulatory requirements, working with both internal and external audit and compliance.

Principal Duties

Manage the development, testing and deployment of proprietary and third-party models for Mortgage Servicing Rights (MSR’s).
Work with third party brokers and other sellers of MSR’s to prepare timely valuation assessments for Investment Committee consideration.
Mapping of loan level data and running cash flow models to produce valuation reports.
Produce reports, market research and yield tables to be used by the Investment Committee and others to ensure the appropriate pricing for existing and newly originated MSR portfolios.
Produce monthly asset and liability attribute analysis and similar reporting as requested.
Produce adverse scenario, assumption review and prepayment analysis.
Provide robust reporting supporting the behavioral models and cash flows over various time horizons and collateral cohorts.
Research and obtain information on current trends and developments in mortgage modeling and mortgage markets to ensure BSI methodologies are best practice and in line with other market participants.
Responsible for maintaining and developing policies and procedures related to assigned business responsibilities.
Performs related duties as assigned by management.

Other duties as directed Education and Experience Requirements

Bachelor’s degree in finance, accounting, or related field is required.
10-15 years of industry experience within a highly analytical role is required.
10 + years’ experience with Mortgage Servicing Rights or other mortgage modeling and cash flow experience.

Knowledge, Skill, and Ability Requirements

Extensive knowledge of mortgage loans and mortgage servicing rights.
Attention to detail, high level of accuracy and ability to review self-created work.
Excellent oral and written communication skills.
Excellent computer skills, especially in MS Excel.
Comfortable performing research and analysis.
Ability to work within strict deadlines.
Teamwork orientation.
Maintain high degree of confidentiality.
Demonstrated business acumen with the ability to work and communicate with all levels of an organization.
Able to work independently with minimal supervision.

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 Sr. Director MSR Pricing Valuation & Risk, Newrez

At Newrez, we are on the lookout for a passionate and experienced Sr. Director of MSR Pricing Valuation & Risk to join our dynamic team in Fort Washington, PA. In this pivotal role, you'll be at the forefront of ensuring that our residential mortgage borrowers and business partners receive exceptional service through effective communication and streamlined processes. You will oversee the modeling and valuation of Mortgage Servicing Rights (MSR) cash flows, navigating intricate variables like prepayment rates and market interest rates. Collaborating closely with our Information Technology, Finance, and Accounting teams, you'll provide invaluable insights that shape our risk analytics and organizational profile. Your extensive industry experience will help in the development of proprietary cash flow models, ensuring compliance with policies and regulations while conducting thorough market research. We strongly believe in empowering our employees, which means you’ll have the chance to showcase your innovation and leadership skills, mentoring your team while fostering a culture of teamwork. If you have a keen eye for detail and a strong desire to drive improvements in our processes, this is the opportunity for you! With excellent benefits and a commitment to professional growth, Newrez is not just another job; it’s a chance to be part of something meaningful.

Frequently Asked Questions (FAQs) for Sr. Director MSR Pricing Valuation & Risk Role at Newrez

What responsibilities does the Sr. Director of MSR Pricing Valuation & Risk have at Newrez?

The Sr. Director of MSR Pricing Valuation & Risk at Newrez plays a critical role in directing the modeling and valuation of Mortgage Servicing Rights cash flows. This includes managing cash flow models, preparing valuation assessments, and coordinating with various business units to provide essential data and insights. A significant part of the role involves ensuring compliance with regulatory requirements while conducting risk analytics and impact assessments over multiple scenario horizons.