Loss Mitigation Underwriter

Description

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best‑in‑class mortgage servicer dedicated to providing quality service and customer satisfaction. We hire team members who are passionate about our mission, vision, and core convictions.

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 looking to add a Loss Mitigation Underwriter to our growing team in either Houston, TX, or Denver, CO. The Underwriter will be responsible for underwriting loss mitigation assistance packages to determine eligibility for assistance options.

• Location:
  
  Houston, TX or Denver, CO
• Compensation: $50-60k

• Complete reviews of incoming assistance packages to confirm proper acknowledgment.
• Order and evaluate 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 for investor waterfall programs including delinquency, property occupancy, property 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 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 the investor waterfall evaluation process and workout term calculation.
• Experience with Fannie Mae – SMDU, Freddie Mac – Resolve, VA – VALERI, and USDA – USDALinc systems preferred.
• Strong organizational skills and attention to detail.
• High level of integrity and confidentiality while handling secure information and managing stressful situations professionally.
• 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 disability, short‑term disability, FSA, HSA, 401(k), basic life, voluntary life, and paid parental leave benefits, as well as the opportunity for a performance‑based bonus based on position and department.