Loss Mitigation Underwriter I

Location: Getzville, New York, United States of America

Salary: $20.55–$34.25 hourly (USD)

Company

Banking institution providing mortgage and loss mitigation services.

What you will do

• Submit loan modification workups across the full range of investor workout options.
• Review tax returns, income statements, pay stubs, credit reports, and other financial documents.
• Determine suitable repayment options and calculate loan modification terms.
• Assess property values and compare appraisals with offers from potential buyers.
• Negotiate short sale settlement offers with customers, real estate agents, and attorneys.
• Manage a portfolio of approximately 70 loans and prepare workout summaries for management approval.

Requirements

• At least 1 year of collections or underwriting experience.
• A combined 3 years of higher education and/or professional experience.
• Effective and professional phone communication skills.
• Excellent communication and customer service skills.
• Proficiency with word processing and spreadsheet software.
• Ability to follow banking policies, investor guidelines, regulatory requirements, and internal controls.

Nice to have

• Bachelor’s degree.
• Paralegal certification or experience.
• Mortgage collections experience.
• Knowledge of internal banking systems.

Culture & Benefits

• Work is governed by banking policies, investor guidelines, applicable regulations, and operational risk controls.
• Responsibilities include timely implementation of internal and external audit findings and regulatory issues.
• Promotes an environment that supports belonging and reflects the bank’s brand.