Loss Mitigation Underwriter

Selene Finance LP • Jacksonville, FL

9d • Onsite

About The Position

The Loss Mitigation Underwriter is a key contributor in the loan resolution process, responsible for evaluating complex borrower workout options—including repayment plans, loan modifications, short sales, and deeds-in-lieu. This role ensures compliance with investor and regulatory guidelines while serving as a subject matter expert and mentor to junior underwriters. The Senior Underwriter plays a critical role in driving performance, maintaining quality standards, and supporting strategic initiatives within the department.

Requirements

• Strong knowledge of loan workout options, investor guidelines, and regulatory requirements
• Advanced analytical and decision-making skills with a high level of accuracy
• Proven ability to manage multiple priorities in a fast-paced, deadline-driven environment
• Excellent written and verbal communication skills
• Demonstrated leadership and mentoring capabilities
• Proficiency in loan servicing systems and Microsoft Office Suite
• High school diploma or GED required
• Minimum of 3–5 years of underwriting or loss mitigation experience required

Nice To Haves

• Associate’s or Bachelor’s degree preferred
• Prior experience in a senior, lead, or mentoring role strongly preferred

Responsibilities

• Evaluate loans for eligibility under various loss mitigation options based on investor, regulatory, and internal guidelines.
• Review and analyze borrower loss mitigation packages, identify deficiencies, and issue appropriate notices.
• Prepare and issue approval and adverse action notices in compliance with applicable laws and investor requirements.
• Ensure adherence to Fair Lending practices and regulatory standards throughout the underwriting process.
• Collaborate with internal teams, including Mortgage Specialists, to gather documentation and resolve issues efficiently.
• Stay informed on evolving industry programs and investor requirements, including HAMP, GSE, and insurer guidelines.
• Maintain accurate and up-to-date records in internal systems, including investor approval workflows.
• Perform escrow analyses and pro forma calculations for loan modifications.
• Monitor underwriting metrics and contribute to achieving monthly workout-to-portfolio ratio goals.
• Provide training, mentorship, and technical guidance to junior underwriters.
• Support management in identifying process improvements and implementing best practices.

Benefits

• Paid Time Off (PTO)
• Medical, Dental &Vision
• Employee Assistance Program
• Flexible Spending Account
• Health Savings Account
• Paid Holidays
• Company paid Life Insurance
• Matching 401(k) Plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED