Loss Mitigation Underwriter

Key Responsibilities

• Complete reviews of incoming assistance packages to confirm proper acknowledgment.
• Order and evaluate any required third-party documentation including, but not limited to, credit reports, title reports, and valuations.
• Review customer hardship and supporting documentation.
• Calculate gross and net income and evaluate available liquid assets.
• Review prior workout history for the life of the loan and during the current delinquency episode.
• Confirm basic eligibility criteria to be used for investor waterfall programs including, but not limited to, delinquency, property occupancy, property condition, loan seasoning, and escrow account status.
• Recommend assistance application decisions based on all investor waterfall financial, basic eligibility, and term calculation requirements.
• Handle non-delegated investor and mortgage insurer submission requirements.
• Confirm proper reporting of approved workouts to all required investor systems.
• Ensure timely production and mailing of all decision letters and communications.

What You’ll Need To Be Successful

• A High School Diploma/GED or equivalent work experience.
• 3 - 5 years of experience in Loss Mitigation underwriting preferred.
• Experience with Black Knight Director 7 (MSP) and Loss Mitigation Solution (LMS) desired.
• Knowledge of Fannie Mae, Freddie Mac, and Ginnie Mae documentation and underwriting requirements.
• Understanding of the investor waterfall evaluation process and workout term calculation.
• Experience working in Fannie Mae – SMDU, Freddie Mac – Resolve, VA – VALERI, and USDA – USDALinc systems preferred.
• Strong organizational skills and attention to detail.
• A high level of Integrity/confidentiality while handling secure information in addition to having the ability to work through stressful situations professionally and handle frequent changes.
• A minimum of 2 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.).

What We Offer

• A competitive salary.
• Medical, Dental, Vision, Accidental Death, Long-Term Disability, Short-Term Disability, FSA, HSA, 401K, Basic Life, Voluntary Life, and Paid Parental Leave benefits.
• The opportunity for a performance based bonus based on position and department.