Counterparty Risk Analyst

About the role

The Counterparty Risk Analyst evaluates and maintains broker and correspondent relationships across Newfi’s Mortgage Wholesale and Correspondent divisions. This role involves analyzing, evaluating, and assessing prospects, applications, and annual renewals for mortgage brokers and correspondent lenders.

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 refining and re-evaluating 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.
• Provide ongoing support to Account Executives and Sales Managers, including outreach, training reminders, and renewal communications.
• Aid in audit and exam requests regarding Counterparty Risk.
• Provide updates to Leadership regarding application and renewal activity.
• Assist with technical assistance to Wholesale and Correspondent applicants needing help with initial or renewal applications.
• Perform additional wholesale and correspondent related tasks and account maintenance duties as needed.
• Demonstrate conduct and decision-making that reflect Newfi’s core values and culture.

Qualifications & Desired Skills

• Exceptional attention to detail and ability to work both independently and as part of a team.
• 3–5 years of experience in mortgage banking, wholesale or correspondent lending, or financial services with a credit/risk focus.
• Proficient in credit risk assessment, operational due diligence, and regulatory compliance.
• Deep understanding of mortgage processes, broker/lender relationships, and third-party vendor oversight.
• Strong analytical and decision-making skills; ability to synthesize data into actionable insights.
• Proven ability to analyze and deliver accurate information under tight deadlines in a fast-paced environment.
• Effective time management and ability to prioritize multiple tasks.
• Excellent verbal and written communication skills.
• Proficiency with Microsoft 365 (Excel, Outlook, Word), Acrobat Pro, and DocuSign.
• Experience with Free Agent CRM, Salesforce, and MeridianLink is a plus.

Benefits

• Competitive compensation package
• 401k matching, fully vested after 3 years of employment.
• Full medical, dental, and vision coverage.
• Access to leadership and career growth opportunities.

Benefits

Benefits include:

• Competitive compensation package
• 401k matching, fully vested after 3 years of employment.
• Full medical, dental, and vision coverage.
• Access to leadership and career growth opportunities.

Join Us

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills, and experiences within our workforce.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by persons assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the rights to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.