Remote Entry-Level Loss Mitigation Underwriter

Carrington; Plano (TX); On-site; USD 32,000 - 36,000; Full time

Benefits offered by this job

Comprehensive healthcare plans

Discretionary 401(k) match

Employee discounts via portal

Educational Reimbursement

Charitable Foundation support

Job summary

Carrington Mortgage Services in Plano is seeking an entry-level Loss Mitigation Underwriter I to underwrite Loan Modifications in line with Treasury, Company and Investor guidelines. The role supports compliance and makes sound decisions under supervision.

You will perform VOI, calculate DTI, verify occupancy and income, apply payment waterfalls, and document final decisions in our system of record. Minimum high school diploma and 1–2 years of underwriting loss mitigation experience required.

Qualifications

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

Responsibilities

• Perform underwriting analysis to ensure loan quality and compliance with Treasury, Company and Investor guidelines.
• Conduct Verification of Income (VOI).
• Calculate 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).
• Identify liquid assets the borrower holds, if applicable.
• Determine and communicate conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).
• Complete system tasks to maintain compliance with Treasury, Company and Investor guidelines.
• Document final decision and update system of record.

Skills

Underwriting

Debt-to-Income calculation

Verification of Income (VOI)

Financial analysis

Compliance with guidelines

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services in Plano is seeking an entry-level Loss Mitigation Underwriter I to underwrite Loan Modifications in line with Treasury, Company and Investor guidelines. The role supports compliance and makes sound decisions under supervision.

You will perform VOI, calculate DTI, verify occupancy and income, apply payment waterfalls, and document final decisions in our system of record. Minimum high school diploma and 1–2 years of underwriting loss mitigation experience required.