Remote Loss Mitigation Underwriter I (Entry Level)

Carrington; Augusta (ME); On-site; USD 32,000 - 36,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Training programs

Employee referrals

Educational reimbursement

Charitable foundation support

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to assess loan modification applications from home. The role under Treasury, Company and Investor guidelines involves underwriting, VOI, DTI calculations, and documenting decisions. Entry-level position with pay range $23.00–$26.00 per hour, plus benefits.

The role emphasizes compliance with laws, policies, and procedures. Typical duties include evaluating eligibility, verifying income, and communicating required conditions

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 held by borrower if applicable.
• Determine and communicate needed conditions to document the file.
• Complete system tasks to maintain compliance with guidelines.
• Document final decision and update the system of record.

Skills

Underwriting

Loss mitigation

VOI

Debt-to-Income

Documentation

Education

High School Diploma

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to assess loan modification applications from home. The role under Treasury, Company and Investor guidelines involves underwriting, VOI, DTI calculations, and documenting decisions. Entry-level position with pay range $23.00–$26.00 per hour, plus benefits.

The role emphasizes compliance with laws, policies, and procedures. Typical duties include evaluating eligibility, verifying income, and communicating required conditions