Loss Mitigation Underwriter

Selene Finance LP • Dallas, TX

1d

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 job requirements listed are representative of the knowledge, skills, and abilities required, but are not an inclusive list of all duties and responsibilities. The employee may be asked to follow other job-related instructions and perform other job-related duties. Selene reserves the right to 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 and experience using mortgage loan servicing systems.

Responsibilities

• Analyze mortgage loans to determine eligibility for loss mitigation options, including repayment plans, loan modifications, short sales, and deeds-in-lieu, 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 in 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