Loss Mitigation Underwriter, II

Carrington; Wyoming (OH); À distance; USD 36 000 - 43 000; Plein temps

Avantages offerts par ce poste

Healthcare plans

50% 401(k) match up to 4% of pay

Employee discounts

Educational reimbursement

Referral bonuses

Career training

Charitable foundation support

Résumé du poste

Carrington Mortgage Services is hiring a Loss Mitigation Underwriter II to evaluate loan portfolios for compliance with Treasury, company, and investor guidelines. The role analyzes income, occupancy, and hardship details to determine workout options, including modifications or forbearances.

The position emphasizes thorough documentation, adherence to policies, and timely decision-making while operating under general supervision. Remote work is supported.

Qualifications

• Two to three years of underwriting or loss mitigation experience.
• Experience following Treasury, Company and Investor guidelines.
• Ability to determine workout eligibility and document conditions clearly.

Responsabilités

• Perform thorough loan analyses for quality and guideline compliance.
• Conduct Verification of Income (VOI).
• Calculate front- and back-end debt-to-income ratios.
• Verify occupancy, hardship, and income details.
• Apply payment waterfall to determine workout eligibility (restructures, forbearances, modifications).
• Identify liquid assets held by borrower when applicable.
• Communicate required conditions to properly document the file.
• Complete system tasks to maintain compliance with guidelines.
• Document final decision and update records.
• Perform other duties as assigned.

Connaissances

Underwriting

VOI verification

DTI calculation

Occupancy verification

Hardship analysis

Formation

High school diploma or equivalent

Description du poste

Come join our amazing team and work remote from home!

The Loss Mitigation Underwriter II will be responsible for underwriting loss mitigation applications in accordance with Treasury, Company and Investor guidelines while following company’s policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates. The Loss Mitigation Underwriter II level is the Intermediate level role in the job family and generally handles the moderately complex underwriting files while gaining additional knowledge and experience on the more complex files. The target pay range for this position is $26.00-$31.00 per hour.

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What you'll do:

• 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 (repurchase plans, forbearances, modifications 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.

• Perform other duties as assigned.

What you'll need:

• High school diploma or equivalent required.

• Two (2) to three (3) years of underwriting/loss mitigation experience

Our Company:

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you’ll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com .

What We Offer:

• 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 paid to help Carrington and Vylla grow.

• Educational Reimbursement.

• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

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Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.