Rushmore Loan Management Services

  • Default Underwriter - GNMA

    Job Locations US-OK-Oklahoma City
    Job ID
    2018-2317
    Category
    Default Servicing
    Type
    Regular Full-Time
    FLSA Status
    Non-Exempt
  • Company Introduction

    Rushmore Loan Management Services is growing rapidly and expanding our team. We want YOU to be a part of it! If you are a top performer looking for a company that can provide opportunities to grow in your career, Rushmore is the place for you. We offer competitive salaries and a comprehensive benefit package with medical, dental and vision benefits effective Day 1 of employment.

    As a nationwide mortgage servicer licensed in all 50 states with nearly $50 billion in loans being serviced and growing, we offer a dynamic team environment, collaborative culture, and commitment to customer satisfaction.

    Company Introduction (Text Only)

    Rushmore Loan Management Services is growing rapidly and expanding our team. We want YOU to be a part of it! If you are a top performer looking for a company that can provide opportunities to grow in your career, Rushmore is the place for you. We offer competitive salaries and a comprehensive benefit package with medical, dental and vision benefits effective Day 1 of employment.
    As a nationwide mortgage servicer licensed in all 50 states with nearly $50 billion in loans being serviced and growing, we offer a dynamic team environment, collaborative culture, and commitment to customer satisfaction.

    Overview

     

    POSITION SUMMARY:

    The GNMA Default Underwriter is responsible to review and underwrite loan modifications and ensure adherence to regulatory guidance, and reporting production results. The position will also be responsible for second signing higher risk transactions. This position works closely with the Loss Mitigation and Default Management Departments.

    Responsibilities

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

     

    • Responsible for Quality control of modification files, to support home retention efforts and manage company compliance risk.
    • Analyze transactions to ensure compliance with investor proprietary as well as HAMP, FHA, VA, USDA and GSE program modification guidelines.
    • Owner of modification process flow at point of handoff from loss mitigation agent through generation of documents and final system changes.
    • Ensure modifications are moving forward in pipeline within specified regulatory and investor SLA’s.
    • Submit proposed modification terms through proprietary loss mitigation system, second sign higher risk transactions.
    • Weekly and monthly reporting on underwriter and support staff production and turn times as well as accomplishments/challenges.
    • Assist in creation, maintenance, and updating of departmental policies and procedures
    • Assist with training of new employees, as well as on-going training of staff.
    • Respond to QC inquiries and information requests from QC, as well as internal and external auditors.
    • Use of proprietary and industry standard loss mitigation systems and other standard office programs.
    • Performs other duties or projects as assigned.

    Qualifications

    ESSENTIAL KNOWLEDGE & SKILLS:

     

    • 5+ years’ experience in residential mortgage underwriting, ability to calculate income, expenses, ratios, NDI, and other standard underwriting knowledge
    • Management and QC or audit experience, enhanced submission authority
    • Superior time management skills and attention to detail
    • Ability to own a process
    • Excel reporting
    • Ability to communicate directly with borrowers.

     

    EDUCATION AND/OR EXPERIENCE:

     

    • Bachelor’s degree in Business Management or other relevant coursework preferred, or equivalent training and work experience.
    • High School Diploma required.
    • Experience with modification documentation or origination closing documentation
    • Familiarity with HAMP, FHA, VA guides and procedures
    • NMLS Licensing, preferred
    • Servicing experience, especially delinquent assets

     

    MACHINES, OFFICE EQUIPMENT & SOFTWARE:

     

    • PC computer with Windows operating system, facsimile, photocopier
    • Proficient with Microsoft Office applications.
    • Proficiency in MSP, subject matter expert preferred

     

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed

    Connect With Us!

    Not ready to apply? Connect with us for general consideration.