Loss Mitigation Underwriter I

Carrington; Remote; USD 60,000 - 80,000; Full time

Job summary

A leading mortgage company is seeking a Loss Mitigation Underwriter I who can work remotely. This entry-level position involves underwriting loan modifications and ensuring compliance with guidelines. Responsibilities include conducting analysis, verifying income, and documenting decisions. Applicants should have a high school diploma and 1-2 years of underwriting loss mitigation experience. The role offers a competitive pay range of $23-$26 per hour, along with comprehensive benefits.

Benefits

Comprehensive healthcare plans

401(k) matching

Fitness and retail discounts

Customized training programs

Educational reimbursement

Employee referral bonuses

Qualifications

• 1 to 2 years of underwriting loss mitigation experience is required.
• Ability to conduct thorough analyses and verify compliance with guidelines.

Responsibilities

• Underwrite loan modification applications according to guidelines.
• Conduct verification of income and determine workout eligibility.
• Document final decisions and update system records.

Skills

Underwriting loss mitigation

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’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 I level is the entry level role in the job family and generally handles the least complex underwriting files while gaining additional knowledge and experience on the more complex files. The target pay range for this position is $23.00 - $26.00 per hour.

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 (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.

What you’ll need:

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

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 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. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

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.