Loss Mitigation Underwriter

Selene Diligence • Dallas, TX

3d

About The Position

The Loss Mitigation Underwriter evaluates mortgage loans for appropriate loss mitigation solutions, including repayment plans, loan modifications, short sales, and deeds-in-lieu. The role reviews borrower financial documentation, applies investor and regulatory guidelines, prepares required notices, and works with servicing partners to move approved solutions through completion. The ideal candidate is detail-oriented, comfortable working within established guidelines, and able to manage multiple files and deadlines in a fast-paced servicing environment.

The listed requirements are representative rather than exhaustive. The employee may also be asked to follow other job-related instructions and perform other duties assigned by authorized personnel. Selene may amend responsibilities to meet business and organizational needs.

Requirements

• Strong attention to detail and a high degree of accuracy in reviewing and documenting loan information.
• Ability to manage multiple files, priorities, and deadlines in a fast-paced environment.
• Strong written and verbal communication skills.
• Sound judgment, analytical thinking, and decision-making skills.
• Strong customer service orientation and professionalism.
• Ability to work effectively independently and as part of a collaborative team.

Nice To Haves

• Experience in mortgage servicing, loss mitigation, underwriting, or a related area.
• Working knowledge of loss mitigation programs, mortgage servicing requirements, and investor guidelines.
• Proficiency with Microsoft Office.
• Experience using mortgage loan servicing systems.

Responsibilities

• Analyze mortgage loans to determine eligibility for loss mitigation options in accordance with applicable investor and regulatory guidelines.
• Review borrower loss mitigation packages for completeness and accuracy, identify missing or deficient documentation, and request additional information as needed.
• Prepare and issue approval, denial, and other required notices in accordance with applicable requirements.
• Ensure compliance with Fair Lending requirements when referring borrowers for potential refinance options.
• Partner with Mortgage Specialists and other servicing teams to obtain required documentation and facilitate timely completion of approved loss mitigation solutions.
• Stay current on applicable loss mitigation programs and investor, GSE, and insurer requirements.
• Maintain accurate and complete documentation within loan servicing systems and internal workflows, including investor approval tracking.
• Complete escrow analyses and pro forma calculations in support of loan modification decisions.
• Meet established productivity, quality, and workout-to-portfolio performance expectations.

Benefits

• Paid Time Off (PTO)
• Medical, dental, and vision coverage
• 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
• Education Level: No Education Listed