Loss Mitigation, Underwriter l

Carrington Holding Company, LLC; United States; Remote; USD 60,000 - 80,000; Full time

Job summary

Join a leading company in residential real estate as a Loss Mitigation Underwriter I. In this entry-level role, you will work remotely, responsible for analyzing loan modification applications, ensuring compliance with guidelines, and making sound underwriting decisions. The position promises comprehensive benefits, ongoing training opportunities, and a supportive team environment.

Benefits

Comprehensive healthcare plans

50% match on the first 4% of your 401(k)

Access to discounts on fitness, dining, and retail

Training programs for career advancement

Referral bonuses and educational reimbursement

Community involvement through the Carrington Charitable Foundation

Qualifications

• 1 year of loss mitigation underwriting experience is preferred.

Responsibilities

• Underwrite Loan Modification applications in compliance with guidelines.
• Analyze each loan's quality and compliance.
• Document final decisions and maintain records.

Skills

Analysis

Verification of Income

Debt-to-Income Ratio Calculation

Education

High school diploma or equivalent

Job description

Join to apply for the Loss Mitigation, Underwriter I role at Carrington Holding Company, LLC.

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Job Description

Come join our amazing team and work remote from home!

The Loss Mitigation Underwriter I will be responsible for underwriting Loan Modification applications in accordance with Treasury, Company, and Investor guidelines while following company policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Performs all duties in accordance with the company’s policies, all US state and federal laws and regulations where the company operates. The Loss Mitigation Underwriter I level is an entry-level role, handling less complex files while gaining experience on more complex cases. The target pay range for this position is $20.00 - $23.00 per hour.

What You’ll Do

• Perform thorough analysis to ensure quality and compliance of each loan with 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 (such as repayment plan, forbearance, modification, or liquidation).
• If applicable, identify liquid assets held by the borrower.
• Determine and communicate required conditions for proper documentation.
• Complete system tasks to maintain compliance with guidelines.
• Document final decisions and update records.

What You’ll Need

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

About Our Company

Carrington Mortgage Services, part of The Carrington Companies, provides full-lifecycle mortgage loan servicing, delivering exceptional customer care. Join our talented team as we transform residential real estate. More info at: www.carringtonmortgage.com.

What We Offer

• Comprehensive healthcare plans and a 50% match on the first 4% of your 401(k).
• Access to discounts on fitness, dining, retail, and more.
• Training programs for career advancement.
• Referral bonuses and educational reimbursement.
• Community involvement through the Carrington Charitable Foundation.

Additional Details

Seniority level: Entry level

Employment type: Full-time

Job function: Finance and Sales

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