Current CEO: Jay Bray
Nationstar Mortgage, founded in 1997 as a mortgage lender, is based in Lewisville, Texas, a suburb of Dallas. The company employs approximately 2,500 mortgage professionals serving over 500,000 loans. As one of the nation’s leading mortgage lenders, the company provides a wide variety of loan options including conforming loans, also known as conventional loans, Fannie Mae, FHA, VA and other mortgage products. Working at Nationstar involves aggressive marketing of loan services to consumers, financial institutions and real estate firms.
The company markets mortgage products through an extensive call center network and through its Wholesale Lending Channel. Nationstar services approximately 50 percent of households that are unable to qualify for conventional loans. Employees are expected to exceed company-established quota goals in order to receive incentive-based compensation.
Nationstar Mortgage careers span all aspects of wholesale loan processing. Account managers are responsible for the preparation of loan documentation including reports concerning income verification, credit approval, home appraisals and real estate comparable value assessments. Project managers provide leadership and direction to marketing and sales associates and develop application systems with which to manage specific project schedules and business objectives. Sales managers are responsible for training, development and management of sales and marketing employees. Advancement opportunities are available in areas of underwriting, business operations, real estate market analysis and retail branch management. Loan officers are primarily delegated duties of sales and mortgage product marketing. Approximately 80 percent of all mid-level managers are promoted from within the company.
Career advancement opportunities are optimal for recent college graduates or MBA candidates aspiring to begin careers in the financial industry or real estate market. Knowledge, analytical skills and interpersonal development through customer interaction are transferrable to a wide spectrum of businesses.
Nationstar benefits include health insurance plans, which include medical, dental, vision and prescription drug coverage. Options are available to provide coverage for eligible dependents through payroll deduction programs. Flexible spending accounts are available to assist with costs associated with medical expenses, child care or elder care. Basic term life insurance is provided to all employees, with options to increase coverage amounts or add dependent coverage. Accidental death and dismemberment, short and long term disability insurance is included in all benefit packages. Employees are offered participation in a company-matching 401(k) retirement plan and payroll savings plans. Continuing education reimbursement programs are available for course studies directly related to employment. The company offers additional perks, such as retail product discounts.
The Nationstar Mortgage culture is centered on basic values of business ethics, trust, integrity and trust. Work life balance is encouraged by the company and is furthered through company-sanctioned social events. Employees are provided adequate training with which to establish and maintain customer relationships. Employees receive competitive salaries and financial bonuses based on a reward and recognition system. As one of the fastest growing non-prime mortgage lenders in the United States, Nationstar’s success is predicated on the motivation and dedication of its trusted and valuable employees.