Remote Loss Mitigation Underwriter II

Carrington; Dover (DE); Remote; USD 36,000 - 43,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Discounts via employee portal

Training programs

Referral bonuses

Educational reimbursement

Carrington Charitable Foundation

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to assess loan files for compliance with Treasury, Company and Investor guidelines. The role supports remote work from home and targets an hourly pay range.

The ideal candidate has 2–3 years of underwriting/loss mitigation experience and a high school diploma or equivalent. Join a growing team and help borrowers navigate loss mitigation options and program requirements.

Qualifications

• High school diploma or equivalent required.
• Two to three years of underwriting/loss mitigation experience.

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 (repurchase plans, forbearances, modifications or liquidation options).
• Identify type(s) and amounts of liquid assets the borrower holds, if applicable.
• Determine and communicate needed conditions to properly document the file (reason for default letter, updated pay stubs, bankruptcy papers, etc.).
• Complete system tasks to maintain compliance with Treasury, Company and Investor guidelines.
• Document final decision and update system of record.
• Perform other duties as assigned.

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to assess loan files for compliance with Treasury, Company and Investor guidelines. The role supports remote work from home and targets an hourly pay range.

The ideal candidate has 2–3 years of underwriting/loss mitigation experience and a high school diploma or equivalent. Join a growing team and help borrowers navigate loss mitigation options and program requirements.