Engineer, Data Science and Machine Learning

POSITION TITLE: Data Scientist and Machine Learning Engineer

Position Summary:

We’re seeking a Data Scientist to support the development and deployment of machine learning models and analytics solutions that improve decision-making across the mortgage lifecycle—from acquisition to servicing. In this hands-on role, you’ll contribute to building predictive models, customer segmentation tools, and automation workflows that enhance operational efficiency and customer outcomes. You’ll work closely with senior data scientists and cross-functional teams to translate business needs into well-scoped modeling tasks, with opportunities to apply natural language processing (NLP), statistical modeling, and experimentation frameworks in a regulated financial environment. This role reports to a senior leader in Data Science.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 

• Develop and maintain machine learning models and statistical tools for use cases such as risk scoring, churn prediction, segmentation, and document classification.
• Collaborate with Product, Engineering, and Analytics teams to identify data-driven opportunities and support automation initiatives.
• Translate business questions into modeling tasks and contribute to the design of experiments and success metrics.
• Assist in building and maintaining data pipelines and model deployment workflows in partnership with data engineering.
• Apply techniques such as supervised learning, clustering, and basic NLP to structured and semi-structured mortgage data.
• Support model monitoring, performance tracking, and documentation to ensure compliance and audit readiness.
• Contribute to internal best practices and participate in peer reviews and knowledge-sharing sessions.
• Stay current with developments in machine learning and analytics relevant to mortgage and financial services.

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

• Minimum education required: Masters or PhD in engineering/math/statistics/economics, or a related field
• Minimum years of experience required: 2 (or 1, post-PhD), ideally in mortgage, fintech, or financial services
• Required certifications: None
• Specific skill or ability needed 
• Minimum software or applications experience required/preferred
• Minimum experience required using mobile technology: None
• Any other requirements an ideal applicant needs to have that is not covered by above: None
• Experience working with structured and semi-structured data; exposure to NLP or document classification is a plus.
• Understanding of model development lifecycle, including training, validation, and deployment.
• Familiarity with data privacy and compliance considerations (e.g., ECOA, CCPA, GDPR) is preferred.
• Strong communication skills and ability to present findings to technical and non-technical audiences.
• Proficiency in Python (e.g., scikit-learn, pandas), SQL, and familiarity with ML frameworks like TensorFlow or PyTorch.

Training / Licensing Requirements: 

• Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

The salary range for this position is expected to be $120,000 – $140,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate.This position is also eligible for [bonus] [commissions] [long-term incentive compensation awards] based on performance and subject to the terms of the Company’s applicable plans.

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors.

At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.

Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.