Loss Mitigation Underwriter

Loss Mitigation Underwriter

Job Category:
Mortgage Servicing

Requisition Number: UWLOS
002661

Posted:
June 11, 2026

Full-Time

On-site

Locations:
Englewood, CO 80112, USA +1 more locations

Pay or shift range: $50,000 USD to $60,000 USD

*** No agencies or 3rd party Recruiters please. Thank you! ***

Cornerstone Servicing is hiring a Loss Mitigation Underwriter to assess and approve loss mitigation assistance packages and determine eligibility.

• Location:
  
  Houston, TX or Denver, CO
• Compensation: $50,000 – $60,000 USD

• Complete reviews of incoming assistance packages to confirm proper acknowledgment.
• Order and evaluate required third‑party documentation including 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 throughout the life of the loan and during the current delinquency episode.
• Confirm basic eligibility criteria for investor waterfall programs such as delinquency, property occupancy, condition, loan seasoning, and escrow account status.
• Recommend assistance application decisions based on 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.

• High School Diploma/GED or equivalent work experience.
• 3–5 years of experience in Loss Mitigation underwriting preferred.
• Experience with Black Knight Director 7 (MSP) and Loss Mitigation Solution (LMS) desired.
• Knowledge of Fannie Mae, Freddie Mac and Ginnie Mae documentation and underwriting requirements.
• Understanding of investor waterfall evaluation processes and workout term calculations.
• 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, ability to handle stressful situations and frequent changes.
• Minimum 2 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.).

We offer a competitive salary, medical, dental, vision, accidental death, long‑term and short‑term disability, FSA, HSA, 401(k), basic life, voluntary life, paid parental leave, and a performance‑based bonus based on position and department.

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.