Loss Mitigation Analyst III (Underwriter)

CMG Financial

86d • $70,000 - $83,000

About The Position

The Loss Mitigation Analyst III (Underwriter) will be responsible for examining, evaluating and underwriting loss mitigation requests such as repayment plans, forbearances, payment deferrals/partial claims, modifications, short sales and deed-in-lieu. This position plays a critical role in assisting borrowers facing financial difficulties by facilitating loss mitigation options.

Requirements

• 5+ years of previous experience within loss mitigation underwriting.
• Demonstrates a deep understanding of FNMA, FHLMC, FHA, VA, USDA loss mitigation programs.
• In-depth knowledge of loss mitigation strategies, underwriting principles, and regulatory requirements.
• Liquidations (Short-Sale & Deed-in-Lieu) experience preferred.
• Mediations attendance experience preferred.
• Highly organized, dependable, and results driven.
• Ability to hustle, willingness to learn, and adapt quickly to working in a fast-paced, fluid environment.
• Excellent communication skills both written and verbal.
• Excellent leadership skills to lead and motivate a growing service operation.
• Ability to engage with directors and managers to achieve goals and objectives.
• Ability to work independently and as a member of a high performing team.
• Commitment to excellence, integrity and extraordinary standards.

Nice To Haves

• Liquidations (Short-Sale & Deed-in-Lieu) experience preferred.
• Mediations attendance experience preferred.

Responsibilities

• Analyzes loans for loss mitigation program eligibility based on investor guidelines.
• Reviews loss mitigation packages and identifies deficiencies in requirements and generates notices to borrowers with items needed to cure deficiencies.
• Ensures that all required documents are accurate, complete and in compliance with regulatory requirements and investor guidelines.
• Performs accurate data entry of loss mitigation related information into the company system.
• Ensures all underwriting decisions comply with company policies, investor guidelines, and regulatory requirements.
• Ensure accurate and timely documentation and reporting of underwriting decisions and actions.
• Partners with the Single Point of Contact team to gather required information and ensure information is communicated to the borrower at critical loss mitigation milestones.
• Ensures a customer-centric approach in loss mitigation efforts.
• Resolves escalated customer issues and complaints related to loss mitigation.
• Promotes a culture of empathy and understanding in dealing with distressed borrowers.
• Ensures compliance with State, Federal, Regulatory, and Investor Requirements and guidelines, maintains up-to-date knowledge of internal policies and procedures, and understands how requirement changes affect the operation.
• Stays updated on industry trends, regulatory changes, and best practices in loss mitigation.
• Other projects and assignments as needed.

Benefits

• Competitive salary ranging from $70,000 to $83,000 ($33.65 - $39.90 per hour).

What This Job Offers

• Job Type: Full-time
• Number of Employees: 501-1,000 employees