[Remote] Loss Mitigation, Underwriter l
Note: The job is a remote job and is open to candidates in USA. Carrington Holding Company, LLC is a part of The Carrington Companies, providing integrated mortgage loan servicing assistance. The Loss Mitigation Underwriter l will be responsible for underwriting loan modification applications, ensuring compliance with legal and policy requirements while gaining experience in handling complex underwriting files.
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
- High school diploma or equivalent required
- 1 to 2 years of underwriting background or servicing/loss mitigation experience
Benefits
- 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 the opportunity to work with friends (and get some extra cash in your pocket!).
- Educational Reimbursement.
- Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.
Company Overview