Mortgage Loss Mitigation Underwriter

Suna Solutions; San Diego (CA); On-site; USD 80,000 - 120,000; Full time

Job summary

Suna Solutions in California is seeking a Loss Mitigation Underwriter to evaluate and underwrite loss mitigation applications for delinquent mortgages. You will analyze borrower finances, determine solutions, and ensure compliance with investor standards.

The role requires strong analytical skills, knowledge of investor guidelines, and the ability to coordinate with multiple stakeholders to finalize loan workouts in a timely manner.

Qualifications

• Bachelor’s degree preferred, or equivalent combination of education and experience.
• Minimum 2 years of mortgage servicing experience
• At least 1 year of loss mitigation experience preferred
• Knowledge of FNMA, FHLMC, FHA, VA, and USDA mortgage processes and guidelines
• Familiarity with CFPB, FCRA, FDCPA, and regulatory compliance standards
• Strong analytical and decision-making skills
• Solid understanding of underwriting and loss mitigation processes
• High attention to detail and accuracy
• Ability to work in a fast-paced, metrics-driven environment
• Bilingual skills are a plus

Responsibilities

• Gather and review supporting documentation to create complete loan workout packages within required timelines.
• Evaluate loss mitigation options including forbearance, repayment plans, partial claims, deferrals, and loan modifications.
• Analyze borrower financial statements to determine appropriate resolutions.
• Assess risk and make decisions using investor waterfalls and guidelines.
• Collaborate with investors to determine borrower retention eligibility.
• Perform compliant file reviews according to investor and servicing standards.
• Use investor systems to obtain workout results.
• Coordinate with internal departments and external agencies on loan status updates.
• Maintain and manage a loan-level portfolio while meeting deadlines.
• Evaluate borrower income and expenses to determine repayment ability.
• Follow up on outstanding conditions to ensure timely decisions.
• Order appraisals and ensure delivery of valuation notices to homeowners.
• Request title work including date downs, endorsements, and subordination documentation.
• Prepare and verify income/expense calculations.
• Enter and upload documentation into internal systems.
• Ensure adherence to information security policies.
• Support internal and external audits.
• Participate in process improvement initiatives.
• Communicate effectively with management and elevate issues when needed.
• Stay updated on industry regulations and recommend procedural updates.
• Maintain accurate records in internal and investor systems.
• Run waterfall calculations to determine final workout solutions.
• Assist with documentation updates such as procedures and job aids.
• Perform additional duties as assigned.

Skills

Analytical thinking

Strong communication

Time management

Multitasking

Attention to detail

Education

Bachelor’s degree in related field

Tools

Blitzdoc / ICE

Microsoft Office

Job description

Suna Solutions in California is seeking a Loss Mitigation Underwriter to evaluate and underwrite loss mitigation applications for delinquent mortgages. You will analyze borrower finances, determine solutions, and ensure compliance with investor standards.

The role requires strong analytical skills, knowledge of investor guidelines, and the ability to coordinate with multiple stakeholders to finalize loan workouts in a timely manner.