Remote Loss Mitigation Underwriter II

Carrington Holding Company, LLC; United States; On-site; USD 36,000 - 43,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Educational reimbursement

Career development

Job summary

Carrington Mortgage Services in the United States is seeking a Loss Mitigation Underwriter II to work remotely from home. You will underwrite loss mitigation applications in line with Treasury, Company and Investor guidelines, making sound decisions under general supervision.

The role handles moderately complex files as an Intermediate level, with responsibilities including VOI, DTI calculations, occupancy and income verification, and documenting conditions for file review.

Qualifications

• High school diploma or equivalent required.
• 2–3 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

DTI calculations

Policy compliance

Attention to detail

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services in the United States is seeking a Loss Mitigation Underwriter II to work remotely from home. You will underwrite loss mitigation applications in line with Treasury, Company and Investor guidelines, making sound decisions under general supervision.

The role handles moderately complex files as an Intermediate level, with responsibilities including VOI, DTI calculations, occupancy and income verification, and documenting conditions for file review.