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Role Description

This is a remote position.

The Forensic Underwriter is responsible for performing in-depth forensic underwriting research and investigative analysis of closed mortgage loans to identify fraudulent activity, patterns of elevated risk, significant defects, and/or non-compliance with National MI’s Master Policy requirements. This position conducts detailed forensic reviews through reverifications and investigations to identify potential fraud or misrepresentation by any interested party to the transaction. The Forensic Underwriter is also responsible for analyzing the loan file from loan origination to the complex loan servicing life cycle, and coordinating the tracking and reporting of any deficiencies identified.

Job Duties & Responsibilities

• Examine and re-underwrite closed mortgage loans to confirm compliance with Fannie Mae, Freddie Mac, non-agency, and National MI’s underwriting and servicing guidelines, and Master Policy.
• Perform investigations to identify potential fraud through utilization of re-verification, investigation, and/or fraud detection tools/services provided by various third parties on behalf of National MI.
• Prepare formal written summaries identifying findings and propose remediation options to the Senior Director in a manner that limits National MI’s risk exposure.
• Prepare systematic reports for the Senior Director that factually support conclusions drawn, and summarize confirmed borrower fraud, interested party fraud, loan deficiencies and/or fraud schemes.
• Work closely with Servicing Operations team and the Senior Director to identify and develop enhancements to the forensic review processes and fraud detection tools to improve efficiency and accuracy.
• Perform additional duties as assigned.

Qualifications

• Bachelor’s degree in business, finance, or related field preferred.
• Certified Fraud Examiner designation preferred but not required.
• Minimum twelve years of direct experience in underwriting, post-closing forensic review, and/or quality control required.
• Previous experience in underwriting reinstatements, assumptions, partial releases, and modifications is preferred.
• Strong analytical, investigative, and written communication skills with deep mortgage risk and documentation knowledge.
• Extensive knowledge and practical application of GSE and mortgage insurance underwriting and servicing guidelines is required.
• Ability to interpret and accurately apply National MI’s Master Policy and PMIERs.
• High proficiency with MS Office Suite.
• Timely completion of work and ability to meet deadlines.
• Demonstrated ability to manage multiple competing high-priority tasks simultaneously.
• Commitment to building a positive team spirit and treating others with respect.
• Ability to work effectively with cross-functional teams in a remote or hybrid environment.
• Strict adherence to information confidentiality and appropriate use of sensitive data.
• Sound and consistent judgment in decision-making and recommendations.
• Ability to accurately analyze and interpret complex information.

Requirements

• Base Salary: $94,100 - $120,000
• Benefit eligibility includes healthcare, life and disability insurance, 401(k), monthly allowance, 20 days of PTO, 10 paid Holidays, and bonus and equity potential.
• Additional benefit offerings may be found at https://www.nationalmi.com/career-benefits/ .

Company Description

National MI is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the National MI to comply with all applicable laws concerning the employment of persons with disabilities.