Remote Loss Mitigation Underwriter (Entry Level)

Carrington; Salem (OR); Remote; USD 32,000 - 36,000; Full time

Benefits offered by this job

Comprehensive healthcare plans

Discretionary 401(k) match

Educational Reimbursement

Employee referral bonuses

Carrington Charitable Foundation

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to work remotely from home. You will underwrite loan modification applications per Treasury and investor guidelines, making compliant decisions under supervision.

The role is entry level in the Loss Mitigation family, handling simpler files while gaining expertise on more complex cases; target pay range is $23.00–$26.00 per hour.

Qualifications

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

Responsibilities

• 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.

Skills

Loan underwriting

DTI calculation

VOI verification

Policy compliance

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to work remotely from home. You will underwrite loan modification applications per Treasury and investor guidelines, making compliant decisions under supervision.

The role is entry level in the Loss Mitigation family, handling simpler files while gaining expertise on more complex cases; target pay range is $23.00–$26.00 per hour.