Risk Analyst

New Wave Lending Group Inc. was founded to accommodate the mortgage needs of consumers in California, particularly in the wholesale and retail mortgages market. New Wave Lending Group aims to innovate the mortgage lending industry by leading the industry into the next generation with innovative technology, personalized B2B interface, and excellent customer service. By simplifying the workflow process for our mortgage partners, we can deliver a consistent and reliable platform leading to more efficient, faster closings.

• Establish a risk framework for company’s mortgage portfolios, including setting appropriate risk constraints, risk budgets, stress testing, and more.
• Develop and evaluate the effectiveness of action plans for delinquent accounts to ensure the root cause of the deficiencies are addressed and resolved in a timely manner.
• Identify and interpret data affecting our mortgage product offerings including price, yield, stability, future trends in economic influences, and more to prepare periodic risk assessment reports for our management team.
• Develop and maintain risk and stress testing for our mortgage product offerings which are used to generate risk sensitivities for each product and estimate losses in various scenarios.
• Produce forecasting models to assess the revenue/return of and risks associated with our mortgage product offerings.
• Recommend ways to the management to control and reduce the offering risks.

• Analyze and assess our company’s underwriting process to provide actionable recommendations to management on ways to reduce financial risk exposure.
• Research and analyze the ROI of potential new bank products currently available on the market and identify any potential issues that may impact our product offerings for our clients.
• Calculate key performance metrics such as average cycle time, average mortgage loan value, fallout rate, and more to monitor our company’s financial operations and financial risks associated with our mortgage product offerings.

• Keep abreast of the latest mortgage industry and risk management trends and technology.
• Maintain and enhance our company’s financial risk model templates.