Remote Loss Mitigation Underwriter II – Grow Your Career

Carrington Mortgage Services, LLC; United States; Remote; USD 36,000 - 43,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Training programs

Referral bonuses

Educational reimbursement

Foundation charitable giving

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to determine outcomes for loss mitigation applications in line with Treasury, Company and Investor guidelines. This intermediate role handles moderately complex files under general supervision while upholding legal and policy requirements and documenting decisions.

The position is remote from home with a target pay range of $26.00 to $31.00 per hour.

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 experience

Loss mitigation knowledge

Attention to detail

Education

High School Diploma or equivalent

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to determine outcomes for loss mitigation applications in line with Treasury, Company and Investor guidelines. This intermediate role handles moderately complex files under general supervision while upholding legal and policy requirements and documenting decisions.

The position is remote from home with a target pay range of $26.00 to $31.00 per hour.