Underwriter, Loss Mitigation, II

Carrington; Topeka (KS); On-site; USD 38,000 - 42,000; Full time

Benefits offered by this job

Healthcare plans

401(k) match

Employee discounts

Training programs

Educational reimbursement

Community foundation

Job summary

Carrington Mortgage Services is seeking a Loss Mitigation Underwriter II to evaluate underwriting loss mitigation applications in line with Treasury, Company and Investor guidelines. The role handles moderately complex files and progresses toward advanced responsibilities while following policies and laws.

The target starting pay is $27.50 - $30.50/hr. You'll perform VOI, calculate debt-to-income ratios, verify occupancy and income, and determine workout eligibility.

Qualifications

• Proficient with Microsoft Word, Excel, Outlook.
• Ability to analyze complex problems and collaborate on solutions.
• Capable of prioritizing own work schedule.
• Strong math and numerical skills.
• Excellent written and verbal communication.
• High school diploma or equivalent required.
• Two to three years of underwriting background or servicing/loss mitigation experience.

Responsibilities

• Perform thorough analysis to ensure loan quality and compliance with Treasury, Company and Investor guidelines.
• Conduct Verification of Income (VOI).
• Calculate 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).
• Identify liquid assets held by borrower if applicable.
• Determine and communicate needed conditions to document the file (e.g., updated pay stubs, bankruptcy papers).
• Complete system tasks to maintain compliance with guidelines.
• Document final decision and update system of record.
• Perform other duties as assigned.

Skills

MS Office

Analytical thinking

Communication

Time management

Education

High School Diploma or equivalent

2-3 years underwriting experience

Job description

POSITION SUMMARY:

Responsible for underwriting loss mitigation applications in accordance with Treasury, Company and Investor guidelines while following company’s policies and procedures under general supervision. Makes sound underwriting decisions and ensures that all decisions meet legal and policy requirements. Perform all duties in accordance with the company’s policies and procedures, all US state and federal laws and regulations, wherein the company operates.

The Loss Mitigation Underwriter II level is the Intermediate level role in the job family and generally handles the moderately complex underwriting files while gaining additional knowledge and experience on the more complex files. The target starting pay for the position is $27.50 - $30.50/hr

WHAT YOU'LL DO:

• 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.

WHAT YOU'LL NEED:

• Strong working knowledge of Microsoft Suite (Word, Excel, Outlook, etc.)
• Ability to understand complex problems and to collaborate and explore alternative solutions
• Ability to organize and prioritize own work schedule on short-term and long-term basis
• Ability to add, subtract, multiply, and divide and to record, balance, and check results for accuracy
• Ability to clearly and accurately express or exchange ideas by verbally or in writing
• High school diploma or equivalent required
• Two (2) to three (3) years' of underwriting background or servicing/loss mitigation experience

Our Company:

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering exceptional customer care and programs that support borrowers and their homeownership experience. We hope you'll consider joining our growing team of uniquely talented professionals as we transform residential real estate. To read more visit: www.carringtonmortgage.com .

What We Offer:

• Comprehensive healthcare plans for you and your family. Plus, a discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Access to several fitness, restaurant, retail (and more!) discounts through our employee portal.
• Customized training programs to help you advance your career.
• Employee referral bonuses so you'll get paid to help Carrington and Vylla grow.
• Educational Reimbursement.
• Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.

Notice to all applicants: Carrington does not do interviews or make offers via text or chat.

Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.