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, which provide integrated mortgage loan servicing assistance. The Loss Mitigation Underwriter I will be responsible for underwriting Loan Modifications applications and ensuring compliance with guidelines while gaining experience in the underwriting process.
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 Loss Mitigation Underwriting experience to be considered!
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. For more information about Carrington Charitable Foundation, and the organizations and programs, it supports through specific fundraising efforts, please visit: carringtoncf.org.
Company Overview
Carrington Holding Company, LLC is a financial service provider for mortgages, asset management, real estate. It was founded in 2003, and is headquartered in Aliso Viejo, California, USA, with a workforce of 1001-5000 employees. Its website is http://carringtonhc.com/.