Loss Mitigation Underwriter

Cornerstone Servicing is seeking a Loss Mitigation Underwriter for our offices in Houston, TX. The Loss Mitigation Underwriter will be responsible for the underwriting of loss mitigation assistance packages to determine the eligibility for assistance options.

Key Responsibilities :

• Complete reviews of incoming assistance packages to confirm proper acknowledgment.
• Order and evaluate any required third-party documentation including, but not limited to, credit reports, title reports, and valuations.
• Review customer hardship and supporting documentation.
• Calculate gross and net income and evaluate available liquid assets.
• Review prior workout history for the life of the loan and during the current delinquency episode.
• Confirm basic eligibility criteria to be used for investor waterfall programs including, but not limited to, delinquency, property occupancy, property condition, loan seasoning, and escrow account status.
• Recommend assistance application decisions based on all investor waterfall financial, basic eligibility, and term calculation requirements.
• Handle non-delegated investor and mortgage insurer submission requirements.
• Confirm proper reporting of approved workouts to all required investor systems.
• Ensure timely production and mailing of all decision letters and communications.

What you will need to be successful :

• High School Diploma / GED or equivalent work experience
• years of experience in Loss Mitigation underwriting preferred.
• Experience with Black Knight Director (MSP) and Loss Mitigation Solution (LMS) desired.
• Knowledge of Fannie Mae, Freddie Mac, and Ginnie Mae documentation and underwriting requirements.
• Understanding of the investor waterfall evaluation process and workout term calculation.
• Experience working in Fannie Mae SMDU, Freddie Mac Resolve, VA VALERI, and USDA USDALinc systems preferred.
• Strong organizational skills and attention to detail.
• High level of Integrity / confidentiality while handling secure information in addition to having the ability to work through stressful situations professionally and handle frequent changes.
• Minimum years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.)

Who we are

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Cornerstone Servicing is a best-in-class mortgage servicer with a reputation of amazing service, customer satisfaction, employee retention and happiness! We are a division of Cornerstone Capital Bank alongside Cornerstone Home Lending & Roscoe State Bank.

Cornerstone Capital Bank and it’s subsidiaries have been recognized previously by Workplace Dynamics as a Top Workplace .

March , marked the beginning of Cornerstone Home Lending’s th year in residential lending! We have successfully navigated our company through many industry cycles and changes in regulations.

What we offer :

We are a great company with great people and we are looking for an experienced mortgage servicing professional with servicing experience, who will bring enthusiasm, attention to detail and a servant heart to our team of top-tier mortgage servicing professionals.

We recognize and reward hard work, offer a competitive salary and full benefits package!

What to do next :

If Cornerstone Servicing sounds like the place for you (and if you have the qualifications, drive and passion to match), we invite you to become a member of our award-winning team! Remember, once you are part of our Cornerstone family, we’ll continue to invest in you as an asset in our company.

As many of our team members can tell you, there’s something special about working at Cornerstone Servicing! It really feels like home!

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