Loss Mitigation Underwriter

Selene Finance LP; United States; On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Paid Time Off (PTO)

Medical, Dental & Vision

Employee Assistance Program

Flexible Spending Account

Health Savings Account

Paid Holidays

Company paid Life Insurance

Matching 401(k) Plan

Job summary

Selene Holdings is seeking a Loss Mitigation Underwriter to evaluate delinquent and distressed mortgage loans for home retention and liquidation options, including loan modifications, repayment plans, short sales, and deeds-in-lieu of foreclosure.

You will apply investor, insurer, and regulatory guidelines, analyze borrower financials, and collaborate with Mortgage Specialists and Closing Coordinators to ensure timely workout resolutions while maintaining Fair Lending standards.

Qualifications

• Strong analytical and financial assessment skills.
• Ability to interpret borrower income, expenses, assets and hardship documentation.
• Attention to detail and commitment to accuracy.
• Excellent verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Underwrite and evaluate mortgage loans for repayment plans, modifications, short sales, and deeds-in-lieu of foreclosure.
• Review borrower financial documentation and loss mitigation applications for affordability and eligibility.
• Identify missing documentation and issue deficiency notices to obtain required information.
• Prepare approval, denial, and adverse action notices in compliance with laws and investor guidelines.
• Maintain knowledge of investor programs, GSE requirements, and evolving loss mitigation regulations.

Skills

Analytical skills

Financial assessment

Attention to detail

Communication skills

Team collaboration

Decision making

Microsoft Office proficiency

Education

Bachelor's degree preferred

High school diploma or equivalent

Tools

Mortgage servicing platforms

Microsoft Office

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 responsible for evaluating delinquent and distressed mortgage loans to determine eligibility for home retention and liquidation solutions, including loan modifications, repayment plans, short sales, and deeds-in-lieu of foreclosure. This role applies investor, insurer, and regulatory guidelines to analyze borrower financials, assess workout options, and make prudent underwriting decisions that balance borrower assistance with portfolio performance. Successful candidates will possess strong analytical skills, attention to detail, and a thorough understanding of mortgage servicing and loss mitigation programs.

Key Responsibilities

• Underwrite and evaluate mortgage loans for eligibility under repayment plans, loan modifications, short sales, and deeds-in-lieu of foreclosure based on investor, insurer, and regulatory requirements.
• Review borrower financial documentation and loss mitigation applications to assess affordability, hardship, and workout eligibility.
• Identify incomplete or missing documentation and issue deficiency notices to obtain required information.
• Prepare and generate approval, denial, and adverse action notices in compliance with applicable laws, regulations, and investor guidelines.
• Ensure underwriting decisions align with Fair Lending standards and applicable compliance requirements.
• Collaborate with internal teams, including Mortgage Specialists and Closing Coordinators, to collect documentation and facilitate timely resolution of workout requests.
• Maintain current knowledge of investor programs, GSE requirements, insurer guidelines, and evolving loss mitigation regulations.
• Accurately document loan activity, decisions, and investor approvals within servicing systems and workflow tools.
• Complete escrow analyses, payment calculations, and pro forma modification reviews to determine sustainable borrower solutions.
• Meet established productivity, quality, and portfolio performance metrics, including workout conversion goals.

Qualifications

• High school diploma or equivalent required; bachelor's degree preferred.
• 2+ years of experience in mortgage servicing, loss mitigation underwriting, default servicing, or a related mortgage operations function preferred.
• Knowledge of loan modification programs, repayment plans, foreclosure alternatives, and investor guidelines (Fannie Mae, Freddie Mac, FHA, VA, USDA, private investors).
• Strong analytical and financial assessment skills with the ability to interpret borrower income, expenses, assets, and hardship documentation.
• Exceptional attention to detail and commitment to accuracy.
• Ability to manage multiple priorities and meet deadlines in a fast-paced, production-driven environment.
• Excellent verbal and written communication skills.
• Strong customer service orientation and ability to work collaboratively across departments.
• Sound judgment and decision-making skills.
• Proficiency in Microsoft Office and mortgage servicing platforms.

Why Selene?

Benefits

• Paid Time Off (PTO)
• Medical, Dental &Vision
• 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.

Privacy Policy - Selene (seleneadvantage.com)