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Underwriter's Assistant in Lake Zurich, IL at Dovenmuehle

Date Posted: 3/26/2018

Job Snapshot

Job Description



 

The primary responsibility of the Loss Mitigation Department is to reduce the loss to the investor and the homeowner and to make every attempt to prevent a loan from going into foreclosure.

The Specialist (Underwriter) is responsible for thoroughly reviewing and assessing the Loss Mitigation application and verify whether the homeowner/mortgagor has a legitimate hardship situation in order to determine the best workout option available for the homeowners/mortgagors.  


Will train to assist assigned Specialists with their clerical tasks to determine the financial circumstance of borrowers and their capacity/ability to pay.


Assist in reviewing the borrower's application - completion and accuracy of documents and file.


Aid in reconciling sources of income, reviewing tax returns, and balance sheets/statements, and credit bureau reports.  Assist in evaluating property appraisals. 


Monitor payments and borrowers performance during trial periods, forbearance plans or repayment arrangements.


Assist teams within the department with other duties as deemed necessary.





 

Job Requirements


High School diploma, some college preferred.


Mind for finance, fact based analytics and strong eye for detail.


An understanding of mortgage documentation and processes preferred.  


Ability to multi task with strong time management skills.  


Must be able to follow direction yet think outside of the box.


Self motivated to learn and apply knowledge, accountable for one's work. 


Like to work independently yet contribute to a team effort toward goals.