Remote Loss Mitigation Underwriter – Loan Modifications

Carrington; Orange (CA); Remote; USD 32,000 - 36,000; Full time

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to join our remote team and underwriting Loan Modifications applications in line with Treasury, Company, and Investor guidelines. The role ensures compliant, well-documented decisions under general supervision and is the entry-level step in the underwriting family.

The target pay range is $23.00–$26.00 per hour, and you will perform VOI, verify income, calculate debt-to-income, assess occupancy and hardship, apply payment

Qualifications

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

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 (repayment plan, forbearance, modification 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.

Skills

Underwriting experience

Loss mitigation knowledge

Education

High school diploma or equivalent

Job description

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter I to join our remote team and underwriting Loan Modifications applications in line with Treasury, Company, and Investor guidelines. The role ensures compliant, well-documented decisions under general supervision and is the entry-level step in the underwriting family.

The target pay range is $23.00–$26.00 per hour, and you will perform VOI, verify income, calculate debt-to-income, assess occupancy and hardship, apply payment