Loss Mitigation, Underwriter l

Overview

This position involves underwriting Loan Modifications applications in accordance with Treasury, investor, and organization guidelines, following internal policies and procedures under general supervision. Responsibilities include making sound underwriting decisions that meet legal and policy requirements. The role also includes completing all duties in accordance with applicable US state and federal laws and regulations in the locations where the organization operates.

The Loss Mitigation Underwriter I level is an entry-level role in the job family, generally handling the least complex underwriting files while building knowledge and experience on more complex cases.

Target pay range: $23.00 - $26.00 per hour.

Responsibilities

• Perform thorough analysis to ensure loan quality and compliance with Treasury, organization, and investor guidelines
• Conduct Verification of Income (VOI)
• Calculate customers’ front-end and back-end debt-to-income ratios
• Verify occupancy, hardship, and income
• Apply the payment waterfall to determine workout eligibility (repayment plan, forbearance, modification, or liquidation options)
• If applicable, identify the type(s) and amounts of liquid assets the borrower holds
• Determine and communicate conditions needed to properly document the file (e.g., reason for default letter, updated pay stubs, bankruptcy papers)
• Complete required system tasks to maintain compliance with Treasury, organization, and investor guidelines
• Document final decisions and update the system of record

Requirements

• High school diploma or equivalent required
• 1 to 2 years of underwriting loss mitigation experience required

Compensation & Benefits

• Comprehensive healthcare plans for you and your family
• Discretionary 401(k) match of 50% of the first 4% of pay contributed
• Access to employee discounts (fitness, restaurant, retail, and more)
• Customized training programs to support career advancement
• Employee referral bonuses
• Educational reimbursement
• Charitable giving through a foundation that contributes to the community

Location

Remote work from home.