Senior Underwriter at Selina Finance

Dallas, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, MortgageIndustries

Requirements

Strong knowledge of loan workout options, investor guidelines, and regulatory requirements
Advanced analytical and decision-making skills with a high level of accuracy
Proven ability to manage multiple priorities in a fast-paced, deadline-driven environment
Excellent written and verbal communication skills
Demonstrated leadership and mentoring capabilities
Proficiency in loan servicing systems and Microsoft Office Suite
High school diploma or GED required; Associate’s or Bachelor’s degree preferred
Minimum of 3–5 years of underwriting or loss mitigation experience required
Prior experience in a senior, lead, or mentoring role strongly preferred

Responsibilities

Evaluate loans for eligibility under various loss mitigation options based on investor, regulatory, and internal guidelines
Review and analyze borrower loss mitigation packages, identify deficiencies, and issue appropriate notices
Prepare and issue approval and adverse action notices in compliance with applicable laws and investor requirements
Ensure adherence to Fair Lending practices and regulatory standards throughout the underwriting process
Collaborate with internal teams, including Mortgage Specialists, to gather documentation and resolve issues efficiently
Stay informed on evolving industry programs and investor requirements, including HAMP, GSE, and insurer guidelines
Maintain accurate and up-to-date records in internal systems, including investor approval workflows
Perform escrow analyses and pro forma calculations for loan modifications
Monitor underwriting metrics and contribute to achieving monthly workout-to-portfolio ratio goals
Provide training, mentorship, and technical guidance to junior underwriters
Support management in identifying process improvements and implementing best practices

Skills

Loss Mitigation

Loan Modifications

Short Sales

Underwriting

Investor Guidelines

Regulatory Compliance

Fair Lending

Escrow Analysis

HAMP

GSE Guidelines

Selina Finance

Flexible home equity lending solutions

About Selina Finance

Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.

London, United KingdomHeadquarters

2019Year Founded

$50.4MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Risks

Rising UK interest rates could make Selina's loans less attractive to borrowers.

Increased competition from fintechs may erode Selina's market share.

Potential UK regulatory changes could increase compliance costs for Selina Finance.

Differentiation

Selina Finance offers the UK's first Home Equity Line of Credit (HELOC).

Their HELOC product provides flexible borrowing against home equity, unique in the UK market.

Selina Finance combines real estate, finance, and technology for next-generation lending solutions.

Upsides

Partnership with Legal & General expands access to a large network of mortgage advisers.

Recent $150M Series B funding boosts Selina's capacity for growth and product development.

Increased demand for flexible financial products aligns with Selina's offerings.

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