Loss Mitigation, Underwriter l

Carrington Holding Company, LLC; Anaheim (CA); Remote; USD 80,000 - 100,000; Full time

Job summary

Join a leading mortgage services company as a Loss Mitigation Underwriter I. This entry-level position involves underwriting loan modification applications while ensuring compliance with guidelines. You'll perform analyses, verify documentation, and assist in making sound underwriting decisions. Enjoy remote work and a range of benefits including healthcare, training programs, and employee discounts.

Benefits

Comprehensive healthcare plans

401(k) match

Discounts on fitness, dining, retail

Customized training programs

Employee referral bonuses

Educational Reimbursement

Support from the Carrington Charitable Foundation

Qualifications

• At least one year of loss mitigation underwriting experience.

Responsibilities

• Perform thorough analyses to ensure loan compliance.
• Conduct Verification of Income (VOI).
• Calculate debt-to-income ratios.

Skills

Analytical Skills

Attention to Detail

Education

High school diploma or equivalent

Job description

Come join our amazing team and work remote from home!

The Loss Mitigation Underwriter I will be responsible for underwriting Loan Modifications applications in accordance with Treasury, Company, and Investor guidelines, while following company policies and procedures under general supervision. The role involves making sound underwriting decisions that meet legal and policy requirements. All duties are performed in accordance with company policies, all applicable US state and federal laws and regulations. The Loss Mitigation Underwriter I is an entry-level position, handling less complex files while gaining knowledge of more complex cases. The target pay range for this position is $20.00 - $23.00 per hour.

What you'll do :

1. Perform thorough analyses to ensure the quality and compliance of each loan with Treasury, Company, and Investor guidelines.
2. Conduct Verification of Income (VOI).
3. Calculate the customer's front-end and back-end debt-to-income ratios.
4. Verify occupancy, hardship, and income documentation.
5. Apply payment waterfall analysis to determine workout eligibility (e.g., repayment plan, forbearance, modification, or liquidation).
6. If applicable, identify the types and amounts of liquid assets held by the borrower.
7. Determine and communicate necessary conditions for proper documentation (e.g., reason for default letter, updated pay stubs, bankruptcy papers).
8. Complete system tasks to maintain compliance with guidelines.
9. Document final decisions and update system records.

What you'll need :

• High school diploma or equivalent.
• At least one year of loss mitigation underwriting experience.

Our Company :

Carrington Mortgage Services, part of The Carrington Companies, provides full-lifecycle mortgage loan servicing to borrowers and investors, focusing on exceptional customer care. We invite you to join our talented team as we transform residential real estate. For more information, 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% contributed.
• Access to discounts on fitness, dining, retail, and more through our employee portal.
• Customized training programs for career advancement.
• Employee referral bonuses.
• Educational Reimbursement.
• Support from the Carrington Charitable Foundation, which contributes to community causes. More info at: carringtoncf.org.