Loss Mitigation Underwriter

Selene Finance LP; Dallas (TX); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Paid Time Off (PTO)

Medical

Employee Assistance Program

Flexible Spending Account

Health Savings Account

Paid Holidays

Company paid Life Insurance

Matching 401(k) Plan

Job summary

Selene Holdings in Dallas, TX is seeking a Loss Mitigation Underwriter to evaluate loan workout options, including repayment plans, loan modifications, short sales, and deeds-in-lieu, ensuring compliance with investor and regulatory guidelines.

The role mentors junior underwriters, supports senior leadership, and drives quality, with in-office requirements and collaboration with Mortgage Specialists to gather documentation and analyze scenarios.

Qualifications

• 3–5 years of underwriting or loss mitigation experience required.
• Senior/lead or mentoring experience preferred.
• Strong knowledge of loan workout options, investor guidelines, and regulatory requirements.

Responsibilities

• Evaluate loans for eligibility under loss mitigation options based on investor, regulatory, and internal guidelines.
• Review and analyze borrower loss mitigation packages, identify deficiencies, and issue notices.
• Prepare and issue approval and adverse action notices in compliance with laws and investor requirements.
• Ensure adherence to Fair Lending practices and regulatory standards in underwriting.
• Collaborate with Mortgage Specialists to gather documentation and resolve issues.
• Stay informed on evolving industry programs and investor requirements (HAMP, GSE, insurer guidelines).
• Maintain records in internal systems and investor workflows.
• Perform escrow analyses and pro forma calculations for loan modifications.
• Monitor underwriting metrics and support monthly workout-to-portfolio goals.
• Provide training, mentorship, and technical guidance to junior underwriters.
• Identify process improvements and support best practices.

Skills

Loan workout options

Regulatory knowledge

Analytical skills

Leadership/mentoring

Communication skills

Microsoft Office

Education

High school diploma or GED

Associate/Bachelor degree preferred

Tools

Loan servicing systems

Job description

Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!

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.

Note: This is an in-office position and is not eligible for remote work.

Key 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.

Qualifications

• 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; Associate’s or Bachelor’s degree preferred
• Minimum of 3–5 years of underwriting or loss mitigation experience required
• Prior experience in a senior, lead, or mentoring role strongly preferred

Benefits

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

The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.

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