Key Responsibilities: Underwriting

- Analyze complete Loss mitigation applications (financials, hardship, supporting docs) for workout eligibility across standard and proprietary programs.
- Apply waterfall sequencing and programspecific rules (e.g., FNMA/FHLMC flex mods, FHA-HAMP/30yr/40yr mods where applicable, VA, USDA).
- Perform income calculation, DTI, and affordability assessments; validate income sources (wage, selfemployed, rental, retirement/perks), assets, and escrow components (taxes/insurance/MI).
- Determine appropriate workout option: repayment plan, forbearance, deferral/partial claim, modification, short sale, deedinlieu.
- Compliance & Timeliness
- Adhere to CFPB Reg X requirements for acknowledgment, completeness, evaluation, appeal windows, and decision communications.
- Follow investor/insurer guides (Fannie Mae, Freddie Mac, FHA 4000.1, VA, USDA) and state-specific timelines/letters as applicable.
- Ensure adverse action/denial notices, appeal rights,



and verbal/written borrower communications are accurate and within SLA.
- Documentation & Audit Readiness
- Maintain complete and auditable underwriting files: calculation workpapers, program eligibility notes, decision rationale, exception approvals.
- Ensure accurate data entry in servicing system (e.g., ICE MSP / LoanServ) and document management (e.g., EDMS/META/OnBase).
- Quality & Governance
- Meet quality and productivity targets; respond to QC/QA findings with corrective actions.
- Escalate complex/exception cases and potential noncompliance to leadership and Compliance/Risk.
- Collaborate with Loan Counseling, Foreclosure, Bankruptcy, and Claims to ensure aligned borrower outcomes.
- Partner with Operations, Legal/Compliance, and Investor Relations on policy updates, pilots, and program changes.

📌 Associate - Loss Mitigation Underwriting (Chennai)
🏢 Moder Solutions
📍 Chennai