Default Fulfillment Underwriter

Position Overview

Job Title: Default Fulfillment Underwriter

Employment Type: Contract – Open Ended

Pay Range: $24 – $29 per hour

Schedule: Monday – Friday, 8:30 AM – 5:00 PM

• Review and analyze borrower requests for loan modifications, short sales, and deeds-in-lieu.
• Audit packages to confirm all required borrower documentation is submitted.
• Collaborate with Default Servicing Processors and Mitigation Coordinators to resolve missing items.
• Review borrower financial and income documentation, including paystubs and tax returns.
• Validate borrower income and assets; review credit reports.
• Perform manual calculations of front-end and back-end Debt-to-Income (DTI) ratios.
• Calculate new monthly payments based on modified loan rates.
• Provide modification findings to Default Servicing Management for decision-making.
• Partner with Default Closers to prepare and send final modification agreements to borrowers.
• Complete HAMP and FHLMC reporting as required.
• Recommend denial of workout options when borrowers are not eligible, ensuring manager review.
• Maintain compliance with all regulatory requirements, including CFPB guidelines.
• Perform other duties as assigned.

• High school diploma or equivalent.
• Minimum 5 years of experience in mortgage underwriting, collections, or loss mitigation.
• Minimum 2 years of experience in mortgage loan servicing.
• Strong understanding of the loan modification process.
• Knowledge of mortgage loan documents and CFPB regulations.
• Experience reviewing complex financial documentation and credit reports.
• Strong analytical, mathematical, and problem-solving skills.
• Effective written and verbal communication skills.
• Excellent organizational skills and attention to detail.
• Strong customer service commitment.
• Proficiency in Microsoft Office and mortgage origination systems.

• Some college coursework.
• Experience with MSP systems.

At Wheeler Staffing Partners
, we connect top professionals with rewarding career opportunities. This role provides the chance to apply your mortgage underwriting expertise in a dynamic environment while making a meaningful impact in loss mitigation and default servicing.