Remote Loss Mitigation Underwriter I — Loan Modifications

Carrington; Helena (MT); On-site; 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

Carrington Charitable Foundation

Job summary

Carrington Mortgage Services is seeking an entry-level Loss Mitigation Underwriter I to underwrite Loan Modifications according to Treasury, Company, and Investor guidelines. The role involves VOI, DTI calculations, verifying occupancy and income, and applying payment waterfalls to determine workout options.

It is a remote, home-based position with a target pay range and a path to grow within the underwriting family.

Qualifications

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

Responsibilities

• Perform a thorough analysis to ensure quality of each loan and compliance with 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).
• Identify liquid assets the borrower holds when applicable.
• Determine and communicate needed conditions to properly document the file.
• Complete system tasks to maintain compliance with guidelines.
• Document final decision and update system of record.

Skills

Underwriting experience

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking an entry-level Loss Mitigation Underwriter I to underwrite Loan Modifications according to Treasury, Company, and Investor guidelines. The role involves VOI, DTI calculations, verifying occupancy and income, and applying payment waterfalls to determine workout options.

It is a remote, home-based position with a target pay range and a path to grow within the underwriting family.