[Remote] Loss Mitigation, Underwriter l

Note: The job is a remote job and is open to candidates in USA. Carrington Holding Company, LLC is a part of The Carrington Companies, providing integrated mortgage loan servicing assistance. The Loss Mitigation Underwriter l will be responsible for underwriting loan modification applications, ensuring compliance with legal and policy requirements while gaining experience in handling complex underwriting files.

Responsibilities

• Perform a thorough analysis to ensure the quality of each loan and to determine compliance with Treasury, Company and Investor guidelines
• Conduct Verification of Income (VOI)
• Calculate customer’s front and back-end debt to income ratio
• Verify occupancy, hardship and income
• Apply payment waterfall to determine workout eligibility (repayment plan, forbearance, modification or liquidation options)
• If applicable, identify the type(s) and amounts of liquid assets the borrower holds
• Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.)
• Complete system tasks as required to maintain compliance with Treasury, Company and Investor guidelines
• Document final decision and update system of record

Skills

• High school diploma or equivalent required
• 1 to 2 years of underwriting background or servicing/loss mitigation experience

Benefits

• Comprehensive healthcare plans for you and your family.
• Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you’ll get the opportunity to work with friends (and get some extra cash in your pocket!).
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.

Company Overview