Loss Mitigation Underwriter

BSI Financial Services; Irving (TX); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

Company-paid life insurance

Disability coverage

401K with company matching

PTO and holidays

Job summary

BSI Financial Services is seeking a Loss Mitigation Underwriter in Irving, TX. The role focuses on underwriting loans within authority guidelines to protect profitability and retention of the book of business. A minimum of five years in loss mitigation or mortgage default is preferred.

The position is full-time, with standard M-F hours plus one mandatory Saturday per month. The candidate will work with Intellimods, Sagent, and Neighborhood Watch/SMDU systems to process underwriting decisions and

Qualifications

• Minimum of 5 years loss mitigation or mortgage default related experience.
• High school diploma or GED required; college degree preferred.

Responsibilities

• Review loan files for compliance with underwriting guidelines and representations.
• Collaborate with management to improve processes and procedures.
• Handle multiple objectives with high accuracy and meet deadlines.
• Assess homeowner finances for potential loan modifications or workouts.
• Enter account information into automated systems for underwriting decisions.
• Work with investor/insurer systems to obtain approvals.
• Maintain a pipeline of loan file audits and communicate status to management.
• Compile findings into reports with exhibits.
• Assist in drafting modification and recast documents.
• Support training for new underwriters and processors.
• Meet daily production quotas and QA guidelines.

Skills

Customer focus

Problem solving

Time management

Attention to detail

Communication

Teamwork

Technical capacity

MS Word/Excel

Education

High school diploma or GED

College degree preferred

Tools

Intellimods

Neighborhood Watch/SMDU

Sagent

Job description

Brief Description

Loss Mitigation Underwriter @ BSI Financial Services

Join BSI Financial Services as a Loss Mitigation Underwriter! The Loss Mitigation Underwriter is responsible for underwriting business within designated authority level following guidelines to ensure profitable production and retention of assigned book of business as well as company profitability. The ideal candidate will have a minimum of 5 years loss mitigation, or default related experience.

Position Type and Expected Hours of Work

This is a full-time position. This is a full-time position. Days and hours of work are Monday through Friday, with one mandatory Saturday per month. Shifts vary based upon business needs.

What You Will Do

• Review loan files to determine compliance with lender credit underwriting guidelines and representations and warranties and to ensure an investment quality loan product.
• Works closely with management and executive to enhance process, policies and procedures, and operations manual.
• Ability to handle multiple competing objectives and deadlines while maintaining a high level of accuracy
• Review homeowner financial information to determine affordability for potential loan modifications or other various workouts.
• Submission of account information into automated Intellimods system for underwriting decision and processing
• Ability to work within investor/insurer systems such as Neighborhood Watch/SMDU to input data and obtain approvals
• Accurately and efficiently maintain a pipeline of loan file audit/review inventory, meet production requirements, and communicate status to management.
• Compile findings into a summarized report with attending exhibits.
• Facilitate the drafting of final modification agreements, partial claim documents, assumptions, and recast agreements
• Manage exceptions reports
• Conduct quality control reviews to ensure accuracy of documents
• Ability to locate and transfer legal description and recording information from loan origination documents into Loss Mitigation workout documents when necessary.
• Facilitate training for new underwriters and processors
• Meet any daily production quotas and quality assurance guidelines as assigned by manager

What We’re Looking For

• High school diploma or general education degree (GED)
• College degree preferred
• Minimum of 5 years loss mitigation or mortgage default related experience
• Loss Mitigation or processing experience is a plus
• Knowledge of Mortgage industry, preferred
• Prior experience in debt collection, preferred
• Proficient in Microsoft Word, Excel and PDF Conversions
• Prior Sagent experience preferred
• Ability to independently manage daily tasks and short-term projects
• Customer/Client Focus
• Problem Solving/Analysis
• Time Management
• Strong attention to detail
• Clear and Concise communication
• Teamwork Orientation
• Technical Capacity

What’s in it for you?

• Competitive compensation and full benefits package include medical, dental, and vision.
• 100% company-paid life insurance and disability coverage!
• 401K with company matching!
• 17 days PTO (increases with tenure) and 9 company paid holidays!
• Professional but fun, casual work environment and great team culture!

About BSI Financial

Founded in 1986, we provide financial services that support our vision of enabling sustainable home ownership by practicing core values that embody doing what is right; emphasizing problem solving; delivering on expectations and winning with humility. Our clients include lenders and investors who make home financing possible.

BSI Financial was ranked multiple times in the SMU Dallas 100 list of the fastest growing companies in North Texas and was twice named to the Inc. 5000 list of the fastest growing U.S. companies.

EEO Statement

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.