Loss Mitigation Underwriter I

**Overview:**

This position is responsible for submitting loan modification workups for the entire waterfall of investor workout options.

**Primary Responsibilities:**

+ Understand investor’s waterfall and required documents for loss mitigation.
+ Communicate with customers, real estate agents and attorneys to negotiate short sale settlement offers and advise of loss mitigation decisions.
+ Manage and monitor account portfolio to ensure that all documentation and account decisions comply with banking policies, investor guidelines and applicable regulations.
+ Assess property value and variance between appraised properties and offers submitted by potential buyers.
+ Review tax returns, income statements, pay stubs, credit reports and general customer financial documents.
+ Determine the most suitable repayment option for customers and calculate loan modification terms.
+ Prepare workout summaries for management approval.
+ Communicate with...