Remote Senior Second Lien Recovery Analyst

Carrington Holding Company; United States; On-site; USD 34,000 - 40,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Educational reimbursement

Referral bonuses

Job summary

Carrington Mortgage Services is seeking a Sr Second Lien Release Analyst to evaluate and resolve complex second lien mortgage loans, validate lien enforceability, quantify loss exposure, and recommend disposition strategies.

The role requires owning loan-level analysis, documenting for investor or management approval, and coordinating with internal and external stakeholders to protect lien positions and maximize recoveries.

Qualifications

• High school diploma required; Bachelor’s degree preferred.
• 4+ years of progressively responsible experience in mortgage default servicing, including direct experience with second lien research, title and lien analysis, foreclosure or recovery strategy, investor approvals, and charge-off or loss review.

Responsibilities

• Research and analyze second lien loan files to validate lien status and enforceability, quantify loss exposure and recovery potential, and select or recommend the appropriate resolution strategy within established authority.
• Generate and review monthly Second Liens Reports, applying exclusion criteria and identifying loans requiring further analysis, monitoring, or action.
• Conduct property, title, and senior lien research using available tools to verify ownership, lien position, foreclosure activity, and potential impact to second lien recovery strategy.
• Create equity analyses to determine projected equity and support recommended exit strategies.
• Prepare foreclosure bid recommendations for investor approval, including supporting analysis, economic assessments, payoff details, proof of lien position or loss, and strategy rationale.
• Own the investor approval process for assigned loans, present strategy and supporting analysis, resolve questions, and elevate exceptions or recommendations outside delegated authority.
• Lead assigned senior lien foreclosure bidding activity by validating approved bid limits, coordinating funds and vendor attendance, monitoring sale results, and completing required post-sale actions and escalations.
• Prepare and submit charge-off requests with full justification and coordinate with Investor Reporting, Cashiering, and other departments to execute approved charge-offs and ensure proper documentation.
• Follow up on surplus funds to support timely recovery, reconciliation, and appropriate documentation.
• Process and record requests for notice on stand-alone second liens to support ongoing monitoring and lien protection.
• Prepare and execute required California AB 130 certifications and supporting notices for applicable subordinate-lien foreclosure activity, validating servicing history, documentation, approvals, and escalation of identified exceptions.
• Maintain accurate records in servicing systems and shared directories. Document decision logic in a format suitable for management review, executive review, and audit.
• Measure and report recovery dollars, avoided losses, approval and resolution cycle times, aging, bidding activity, surplus funds, exceptions, and other portfolio risk indicators; identify trends and recommend corrective action.
• Respond to inquiries from clients, investors, and internal teams regarding second lien accounts, strategies, approvals, and recovery activity.
• Support the development and refinement of company policies and procedures related to second lien servicing, monitoring, recovery, and loss mitigation.
• Provide technical guidance and peer mentoring to junior analysts, assist with escalated issues, participate in audits, and support corrective actions; does not assign work, evaluate performance, or exercise formal supervisory authority.

Skills

Second lien servicing

Lien enforceability

Title research

Foreclosure bidding

Charge-offs recovery

Portfolio analysis

Education

High school diploma

Bachelor’s degree preferred

Job description

Carrington Mortgage Services is seeking a Sr Second Lien Release Analyst to evaluate and resolve complex second lien mortgage loans, validate lien enforceability, quantify loss exposure, and recommend disposition strategies.

The role requires owning loan-level analysis, documenting for investor or management approval, and coordinating with internal and external stakeholders to protect lien positions and maximize recoveries.