Counterparty Risk Analyst

Description

Job Title: Counterparty Risk Analyst

Location: Remote

About Newfi Lending

Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is backed by Apollo Global Management and has grown to become one of the leading Non-QM lenders in the industry. We are passionate about offering innovative lending solutions and building a diverse, forward-thinking team that thrives on collaboration and excellence.

Position Summary

The Counterparty Risk Analyst plays a vital role in evaluating and maintaining broker and correspondent relationships across Newfi’s Mortgage Wholesale and Correspondent divisions. This role is responsible for analyzing, evaluating, and assessing prospects, applications and annual renewals, for mortgage brokers and correspondent lenders. The ideal candidate combines hands-on operational knowledge with strong credit analysis skills and a deep understanding of mortgage industry practices.

Key Responsibilities

* Evaluate and approve new and renewal wholesale and correspondent accounts, ensuring all documentation and financials meet company standards. * Conduct due diligence reviews, including licensing, entity verification, KYC, credit reports, financial statements, insurance, and operational history. * Monitor and address sanctions alerts related to brokers, loan officers and correspondent lenders; ensure resolution aligns with compliance standards. * Collaborate with onboarding and sales teams to support wholesale and correspondent lifecycle management, from application to renewal. * Help tailor risk mitigation strategies such as refine and re-evaluate approval standards and ongoing monitoring protocols. * Extract and analyze reports using Surge, Excel, and other internal systems to maintain updated status trackers and dashboards. * Send wholesale and correspondent Agreements via DocuSign, track completions and modifications to agreements, and maintain compliance records. *...