Who we are:

Cornerstone Servicing, a division of Cornerstone Capital Bank, is a best-in-class mortgage servicer with a reputation for amazing service, customer satisfaction, employee retention and happiness! We employ people who are passionately committed to Cornerstone’s Mission, Vision & 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.

Who we are looking for:

Cornerstone Servicing is seeking a Loss Mitigation Underwriter for our offices in Houston, TX. The Loss Mitigation Underwriter will be responsible for the underwriting of loss mitigation assistance packages to determine the eligibility for assistance options.

Key Responsibilities:

• Complete reviews of incoming assistance packages to confirm proper acknowledgment.
• Order and evaluate any 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 to be used for investor waterfall programs including, but not limited to, delinquency, property occupancy, property condition, loan seasoning, and escrow account status.
• Recommend assistance application decisions based on all 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.

What you’ll need to be successful:

• 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 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 in addition to having the ability to work through stressful situations professionally and handle frequent changes.
• Minimum 2 years of experience using Microsoft Office Suite (Word, Excel, Outlook, etc.)

What we offer:

Because we recognize and reward hard work, we offer a competitive salary, a full benefits package, and the potential for a performance-based bonus.

What to do next:

If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.