Job Closed
This listing is no longer active.
First American is on a mission to deliver a variety of real estate-focused services and solutions. As an employer, First American has been recognized for its excellent workplace en
Loss Mitigation Underwriter
Location
United States
Posted
79 days ago
Salary
$27 - $36 / hour
Seniority
Mid Level
No structured requirement data.
Job Description
Loss Mitigation Underwriter
First American
Who We Are ServiceMac is a new sub-servicing entity backed by some of the leading practitioners of the mortgage servicing industry. ServiceMac is focused on providing superior technology, products, and services for the mortgage and real estate industries backed by highly personalized service and support. Through continuous innovation and acquisition, our offerings comprise of personalized solutions that span the mortgage continuum and enhance security, compliance, customer satisfaction, and profitability. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for ten consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. What We Do Views and evaluates applications, renewals, re-pricings, restrictions, and cancellations to determine risk acceptability and coverage. Calculates borrower’s income and expenses to a high standard of accuracy. Manages a caseload of files including all steps necessary from application to modification. Updates and notates system of record and investor portals. Operates according to standard operating procedures and all government and investor regulations. Achieves goals and objectives with a focus on quality of service and improving the customer experience, while not causing unwarranted delays to processes or defaults. WHAT YOU'LL DO - Reviews and evaluates policy applications, renewals, re-pricings, restrictions, and cancellations to determine risk acceptability and coverage. - Reviews loss mitigation package documentation to determine if the homeowner qualifies for a loss mitigation option. Reports information to the investor, client, and insurer. - Educates homeowners about loan modification programs, forbearance plans, repayment plans, short sales, and deeds in lieu options as applicable. - Calculates income, expenses, and escrow advances in accordance with departmental and investor/insurer/client guidelines. - Orders and reviews title searches and BPO/AVM/appraisals as applicable. - Reviews and implements according to investor/client/insurer guidelines for loan modifications, forbearances and repayment terms, short sales, and deeds in lieu. - For short sales, reviews marketing strategies, listing history, offer activity. Resolves counter offers in accordance with departmental procedures and investor/insurer/client guideline. - Requests and follows up on foreclosure holds as necessary. - Submits loss mitigation requests to investor/client/MI for approval as required. - Declines files as directed in accordance with departmental procedures as set forth by investor/client/investor/insurer guidelines and sends appropriate denial letter if homeowner does not qualify for a workout option. - Prepares and sends trial period documents, forbearance plan documents, repayment plan agreements, short sale approval and closing letters and decline letters as needed. - Monitors status of repayment plans, forbearance plans, and trial period plans and update MSP system and investor system of record with payment records as needed. - Answers inbound phone calls, return voicemails, escalations, and all other requests within 24 hours from receipt. - Contacts homeowners and real estate agents to provide status of loss mitigation files. - Maintains a caseload of files as established by the department. - Manages written and verbal correspondence between the homeowners, client, investor, insurer, subordinate lien holders, real estate agents, consumer credit counseling services, and foreclosure attorneys. - Follows functional area’s processes and procedures in daily activities, troubleshoots as needed and recommends suggestions for continuous improvements to overall operations. - Actively contributes to the results of a team and works toward achieving goals and objectives. WHAT YOU'LL BRING Knowledge and Skills/Technology Used - High School diploma or equivalent - Some college preferred - 1-3 years of experience in Collections, Loss Mitigation or other mortgage banking, mortgage servicing or real estate related experience - 1-3 years of mortgage servicing Loss Mitigation Underwriting experience strongly preferred - Working knowledge of fundamental concepts, practices and procedures of department/field - Knowledge of Black Knight MSP system preferred - Knowledge of Consumer Finance Protection Bureau (CFPB) and Fair Debt Collection Practices Act (FDCPA) guidelines preferred - Risk assessment skills - Organized and self-motivated with ability to meet strict deadlines - Persuasive and professional communication skills - Strong Customer Service skills - Strong verbal and written communication skills - Demonstrated ability to provide attention to detail and concern for accuracy and consistency in results - Ability to learn rules, regulations, and laws to meet state, investor, client, and insurer guidelines - Establishes effective working relationships at the work group level Pay Range: $26.88 - $35.82 Hourly, Remote This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location. What We Offer By choice, we don’t simply accept individuality – we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it’s the right thing to do, but also because it’s the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term. Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.
Related Guides
Related Categories
Related Job Pages
More Underwriter Jobs
Vice President, Underwriting – Employee Benefits
Protective LifeWe are on a mission to help more people achieve the sense of protection and security they deserve.
• Define, lead, and build the underwriting function across all Employee Benefits product lines • Oversee a multi‑disciplinary underwriting organization • Serve as a primary underwriting advisor to the SVP of Employee Benefits and leadership team on pricing strategy, risk selection, portfolio performance, and market growth opportunities • Drive underwriting governance, guidelines, philosophy, and portfolio performance • Partner with Product, Distribution, Actuarial, Finance, and Operations to align underwriting strategy with market growth ambitions • Lead, mentor, and develop a multi‑level underwriting team across product lines • Champion adoption of modern underwriting technologies, automated risk engines, and AI‑driven decision support tools
COC Senior Underwriter
ChubbChubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
Chubb Custom Solutions is looking for a Sr. Underwriter on the construction team located near a Chubb office or Remote (reporting to AVP, Construction Underwriting Manager). Position Description: As a Custom Solutions Underwriter, you will be working on the Construction team underwriting exposures that do not fit into a standard Personal Lines program. This includes evaluating construction requests for ground-up and major renovations for Chubb Clients. Key Responsibilities: - Underwriting and Account Analysis of Surplus lines and some commercial lines policies used for personal lines clients. Reviewing business, including the evaluation and acceptance/declination of new, endorsement, renewal business transactions consistent with PRS strategies, surplus lines and commercial requirements as appropriate, and following prescribed underwriting guidelines within the scope of assigned underwriting authority - Service, including adherence to departmental service procedures and workflows, as well as responsiveness to our customers’ needs, in a way that further differentiates and enhances the Chubb brand - Strong understanding of contract and ability to work with Product and GC to create bespoke products or manuscripts - Successful agency management including working with referral underwriters and BDMs to coordinate account responses, filtering new business and reinforcing how to work with Custom Solutions. This will include monitoring trends and communicating with the underwriting team regularly. - Leverage technical expertise in the underwriting and pricing of all CCS products - Analyze customer information and make specific recommendations for additional coverage and services - Obtain quotes and assist producers with coverage options for exposures written outside of Masterpiece Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
International Sr. Underwriter, Northeast Position Overview Sr. Underwriter is responsible for underwriting foreign casualty and property accounts. She/he/they works with brokers to develop new business opportunities, then develops marketable rates and coverages based on the account needs and market conditions. This position is responsible for an underwriting territory covering assigned region/ zone and requires the availability to travel to or within the region/ zone for marketing and underwriting meetings. This position is a remote position, and the ideal candidate will be situated in the Northeast or Southeast region. Please Note to be considered for this position, you must be currently located in the Northeast United States, ideal candidate is in NJ/NY. This role is open to remote work. If your location is commutable distance to N2G headquarters in Jersey City, NJ you will be considered a hybrid employee. This Position Is Responsible For ● Profitably producing and underwriting insurance business within the level of authority. ● Negotiating pricing and conditions with brokers, in line with underwriting guidelines ● Liaising with brokers, clients, and carriers as needed and providing superior customer service to brokers and clients ● Assisting others in their function by providing information, backup and other support as required by the nature of the business ● Acting as the primary contact for medium / large size clients ● Participating in the definition of business strategies and budget forecasts by providing information on underwriting trends / results as needed ● Ensuring that underwriting data is accurate, complete and entered into the core management system promptly. ● Complying with all applicable policies and procedures relevant to data entry and to the underwriting function. ● Attending meetings with brokers and clients and taking an active role in putting forward new ideas to meet needs Experience And Skill Requirements ● Bachelor’s degree, or on the job experience ● Preferred majors: risk management and insurance, economics, business, finance, accounting, mathematics ● A minimum of 2 to 5 years' experience underwriting at a Property and Casualty carrier ● Sound knowledge of insurance with specific reference to lines of business underwritten ● Knowledge of the insurance market both at national and international level. ● Availability to travel ● Self-motivated, self-confident; able to work as part of a team and on his/her own initiative. ● Calm, flexible and organized approach to meet business needs. ● Able to prioritize workload and coordinate the work of others. ● Strong verbal and written communication skills ● Capable of independently tracking and completing multiple requests in a dynamic, international environment ● Strong computer technical acumen with expert level knowledge of Microsoft Office ● Experience and relationships with Foreign brokers ● Bi-lingual is a plus Position Salary and Benefits The annual salary for this position ranges from $115,000 to $165,000 depending on actual experience, skillset, and location. In addition to base salary, full-time N2G employees are also eligible for bonus potential. N2G offers a comprehensive benefits plan that includes the following: Paid holidays, flexible discretionary time off, sick, maternity and parental leave plan, vision, dental and medical health plans, employer paid life insurance, 401k with company match, short term and long-term disability, direct deposit, and employee assistance program. Please Note to be considered for this position, you must be currently located in the Northeast United States, ideal candidate is in NJ/NY. This role is open to remote work. If your location is commutable distance to N2G headquarters in Jersey City, NJ you will be considered a hybrid employee.
The Senior Underwriter OR AVP is responsible for underwriting new and renewal medical stop-loss accounts at a profitable level. This role involves managing relationships with producers and customers to ensure alignment with overall company stop-loss goals. The Senior Underwriting position works closely with the other team members in the region and with the sales team to identify business and producers that most closely meet our underwriting acumen. Key Responsibilities: - Evaluate risk for in-force business and new business prospects. Make decisions to quote or decline to quote and develop premium rates in accordance with underwriting guidelines and authority limits. - Develop and communicate new business or renewal rate recommendations and decisions in line with underwriting authority limits. - Prepare and generate correspondence, proposals, and other reports as needed. - Provide detailed explanations to Skyward A&H clients regarding conditions and requirements of quotes, rating decisions, and other information to support the sale of new and renewal business. - Coordinate medical reviews with the clinical risk management team and make recommendations regarding the level of acceptable risk. - Negotiate rates, terms, and conditions for new and existing business. - Manage the new business and renewal book to balance profitability and growth. - Process sold accounts and confirmed renewals following established procedures. - Develop and maintain relationships with clients, producers, and sales representatives to support the company’s production goals and persistency. - Support Skyward A&H growth initiatives related to reference-based pricing, captive, and small group programs. - Review plan design and calculate rates for requested or recommended plan changes. - Provide competitive feedback on rates, products, pricing, and marketing strategies. - Make presentations to peers, producers, and leadership as necessary. - Utilize departmental tools, experience, and judgment during the underwriting process to set pricing, review risk, negotiate, and accomplish goals. - Assist associate underwriters with training and peer review. - Perform other duties as assigned. - Some travel may be required for trainings and/or meetings (less than 10%). Continuous Learning and Development: - Stay current with industry trends, regulatory changes, and competitive landscape to ensure the company remains at the forefront of underwriting practices. - Participate in training sessions and professional development opportunities. Education & Experience: - Bachelor’s Degree preferred. - 5+ years of experience underwriting medical stop-loss required. - Preferred experience underwriting reference-based pricing, captives, and/or small group programs. - Professional certifications (HIAA, CEBS, FMLI, etc.) beneficial. Skills: - In-depth knowledge of underwriting principles, risk assessment, and regulatory requirements. - Proven track record of developing and implementing successful underwriting strategies and policies. - Strong analytical and decision-making skills, with the ability to evaluate complex transactions. - Ability to prioritize and balance a dynamic workload. - Strong communication and interpersonal skills, with the ability to build relationships with internal and external stakeholders. - Proficiency in underwriting software (Connexure/ESL preferred) and other relevant technology. Compensation & Benefits The applicable base salary for this opportunity is $100,000 - $170,000. The base pay offered will be determined by factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this opportunity may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition and professional certification assistance, 401k savings, elective participation in the Employee Stock Purchase Program, paid time off, paid holidays, and child bonding leave, as well as other employee assistance. #LI-Remote

