Default Fulfillment Underwriter
Default Fulfillment Underwriter
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Job Description
Job Details
Description
Job Summary
The Default Fulfillment Underwriter is responsible for reviewing analyzing and processing borrower requests for all loss mitigation strategies including loan modifications short sales deedinlieu etc.
Essential Duties and Responsibilities
- Reviews analyzes and processes borrower requests for loan modification short sales and deedinlieu requests. Audits packages to ensure borrower has sent in all required information. Works with Default Servicing Processor and Mitigation Coordinators for follow up items.
- Reviews borrowers financial and income paperwork. Computes income from paystubs tax returns etc. Validates income and assets. Pulls and reviews credit reports.
- Performs manual calculation of borrowers frontend and backend Debt to Income (DTI) ratio.
- Calculates new monthly loan payment based on modified loan rate.
- Reports modification findings to Default Servicing Management for decisioning.
- Upon approval of a loan modification works with the Default Closers to prepare and send out the final modification agreement to the borrower
- Completes required HAMP and FHLMC reporting as required.
- Recommends denial to the manager for a second look if the borrower is not eligible for a workout option.
- Performs other duties as assigned.
Position Requirements
Education
- High school diploma or equivalent required
- Some college preferred
Experience
- Minimum of 5 years experience in mortgage underwriting collections or loss mitigation
- Minimum of 2 years experience in mortgage loan servicing
- Thorough understanding of the loan modification process
Functional/Technical Skills
- Working knowledge and understanding of mortgage loan documents and CFPB regulations
- Thorough understanding of credit and an ability to review and complex financial documents
- Effective written and verbal communication skills
- Strong analytical skills with the ability to think outside of the box
- Demonstrates a commitment to quality customer service
- Strong attention to detail
- Excellent problem solving skills and ability to make sound judgments in a fastpaced environment
- Well organized with the ability to multitask
- Demonstrates strong time management skills with the ability to meet deadlines
- Works well with others
- Strong mathematical skills
- Experience with MSP system a plus
- Strong PC skills (MS Office products) and experience with mortgage origination systems
Benefits
Our benefits package includes 3 comprehensive Cigna or Kaiser medical plans dental and vision insurance. We provide short term and longterm disability insurance basic life insurance 401(k) and 10 employer paid holidays. In addition we offer supplemental benefits to include life insurance critical illness and accident plans.
Environmental/Physical Demands
Work is typically performed in a standard office environment. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job the employee is regularly required to sustain predictable work attendance communicate with others frequently required to stand walk sit and use arms hands and fingers to reach handle or touch. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. Pursuant to the Americans with Disabilities Act reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of all activities duties or responsibilities that are required of an employee. The Company reserves the right to amend or modify this document at any time and without notice.
Employment Type
Unclear
