Remote Loss Mitigation Underwriter I - Entry Level

Carrington; Columbia (SC); Remote; USD 32,000 - 36,000; Full time

Job summary

Carrington Mortgage Services is seeking an entry-level Loss Mitigation Underwriter I to underwrite loan modification applications remotely from home. The role entails analyzing loans for guideline compliance, performing VOI, calculating DTI, verifying occupancy and income, and applying waterfall decisions to determine workout options.

The position targets a 23.00–26.00 USD hourly pay range. Ideal candidates have 1–2 years of loss mitigation underwriting experience and a high school diploma or

Qualifications

• 1 to 2 years of underwriting loss mitigation experience required.
• High school diploma or equivalent required.
• Understands Treasury, Company and Investor guidelines.

Responsibilities

• Perform thorough loan analysis to ensure 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 options (repayment plan, forbearance, modification or liquidation).
• Identify liquid asset amounts if applicable.
• Determine and communicate required conditions to properly document the file.

Skills

Underwriting

DTI calculation

VOI

Policy adherence

Compliance knowledge

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking an entry-level Loss Mitigation Underwriter I to underwrite loan modification applications remotely from home. The role entails analyzing loans for guideline compliance, performing VOI, calculating DTI, verifying occupancy and income, and applying waterfall decisions to determine workout options.

The position targets a 23.00–26.00 USD hourly pay range. Ideal candidates have 1–2 years of loss mitigation underwriting experience and a high school diploma or