Remote Loss Mitigation Underwriter I

Carrington; Lincoln (NE); Remote; USD 32,000 - 36,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Training programs

Referral bonuses

Educational reimbursement

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to underwrite Loan Modifications in line with Treasury, Company and Investor guidelines from a remote, home-based position.

This entry-level role handles the least complex files while gaining knowledge on more complex cases. Target pay range is $23.00 - $26.00 per hour. A high school diploma and 1-2 years of underwriting loss mitigation experience are required.

Qualifications

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

Responsibilities

• Perform thorough 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).
• Identify liquid assets the borrower holds when applicable.
• Determine and communicate necessary conditions to document the file.
• Complete system tasks to maintain compliance and document final decisions.

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to underwrite Loan Modifications in line with Treasury, Company and Investor guidelines from a remote, home-based position.

This entry-level role handles the least complex files while gaining knowledge on more complex cases. Target pay range is $23.00 - $26.00 per hour. A high school diploma and 1-2 years of underwriting loss mitigation experience are required.