Note: The job is a remote job and is open to candidates in USA. Carrington Mortgage Services, LLC is part of The Carrington Companies, providing integrated mortgage loan servicing assistance. The Loss Mitigation Underwriter II is responsible for underwriting loss mitigation applications and ensuring compliance with guidelines while making sound underwriting decisions.
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
- High school diploma or equivalent required
- Two (2) to three (3) years of underwriting/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 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.
Company Overview