Loss Mitigation Underwriter Resume Example & Writing Guide
Use this Loss Mitigation Underwriter resume example and guide to improve your career and write a powerful resume that will separate you from the competition.
Loss mitigation underwriters specialize in helping people who are struggling to make their mortgage payments stay in their homes. They’re often tasked with reviewing homeowners’ financial information to determine whether there are any options available to help them stay current on their payments.
If you’re interested in pursuing a career in loss mitigation but aren’t sure where to start your search, here are some tips and a resume example to help you write a compelling loss mitigation underwriter resume that will impress hiring managers.
How to Write a Loss Mitigation Underwriter Resume
Here’s how to write a resume of your own.
Write Compelling Bullet Points
Bullet points are the most effective way to showcase your experience and qualifications. But rather than simply listing your responsibilities, you can use bullet points to tell a story about how you contributed to the company or helped clients.
For example, rather than saying you “conducted loss mitigation reviews,” you could say that you “conducted over 20 loss mitigation reviews resulting in over $1 million in savings for clients.”
The second bullet point paints a much clearer picture of what you did and how you contributed to the company. And it also provides a specific number to demonstrate your impact.
Identify and Include Relevant Keywords
When you submit your resume for a loss mitigation underwriter role, it’s likely that it will be scanned by an applicant tracking system (ATS) for certain keywords. This system will look for certain terms related to loss mitigation, like “foreclosure” or “debt management,” in order to determine whether your experience is a match for the job opening. If you want your resume to make it past the ATS and into the hands of a recruiter, be sure to include relevant keywords throughout all sections of your resume.
The most commonly used loss mitigation keywords are:
- Credit Analysis
- Credit
- Loans
- Mortgage Lending
- Banking
- Loan Origination
- Commercial Lending
- Financial Analysis
- Retail Banking
- Consumer Lending
- Credit Risk
- Loan Underwriting
- Financial Services
- Underwriting
- Residential Mortgages
- Portfolio Management
- Lines Of Credit
- Business Relationship Management
- Risk Management
- Business Analysis
- Home Equity
- U.S. Federal Housing Authority (FHA)
- Short Sales
- Foreclosures
- U.S. Department of Agriculture (USDA)
- Real Estate
- Real Estate Owned (REO)
- Investment Properties
- Working with First-Time Home Buyers
- Condos
Showcase Your Technical Skills
As a loss mitigation underwriter, you will need to be proficient in the use of software programs like Microsoft Office Suite, as well as specific underwriting software programs. You will also need to have a strong understanding of the various types of insurance policies, as well as the underwriting process. Additionally, it is important to be able to effectively communicate with both customers and insurance agents.