Remote Loss Mitigation Underwriter II

Carrington; Salem (OR); Remote; USD 36,000 - 43,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Discounts portal

Customized training programs

Employee referral bonuses

Educational reimbursement

Carrington Charitable Foundation

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to underwrite loss mitigation applications in line with Treasury, Company and Investor guidelines. This intermediate level role handles moderately complex files under supervision, ensuring decisions meet legal and policy requirements.

The target pay range is $26.00-$31.00 per hour, with comprehensive benefits and opportunities for growth.

Qualifications

• High school diploma or equivalent required.
• Two (2) to three (3) years of underwriting/loss mitigation experience

Responsibilities

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

Skills

Underwriting

Loss mitigation

VOI

Debt-to-income

Education

High school diploma

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to underwrite loss mitigation applications in line with Treasury, Company and Investor guidelines. This intermediate level role handles moderately complex files under supervision, ensuring decisions meet legal and policy requirements.

The target pay range is $26.00-$31.00 per hour, with comprehensive benefits and opportunities for growth.