Entry-Level Loss Mitigation Underwriter

Join our fantastic team and work remotely!

The Entry-Level Loss Mitigation Underwriter will play a crucial role in assessing Loan Modification applications according to Treasury, Company, and Investor guidelines while adhering to our company's policies and procedures. Under general supervision, you will make sound underwriting decisions that comply with legal and policy requirements. This entry-level position typically handles less complex underwriting files as you gain valuable knowledge and experience with more intricate cases. The pay range for this position is $23.00 - $26.00 per hour.

Your Responsibilities:

Conduct a thorough analysis to ensure each loan meets quality standards and complies with Treasury, Company, and Investor guidelines.

Perform Verification of Income (VOI).

Calculate customers' front and back-end debt-to-income ratios.

Verify occupancy, hardship, and income details.

Apply the payment waterfall to determine workout eligibility (options include repayment plans, forbearance, modification, or liquidation).

Identify any liquid assets the borrower may hold, if necessary.

Communicate required conditions to properly document the file (such as reason for default letters, updated pay stubs, bankruptcy papers, etc.).

Complete system tasks to ensure compliance with Treasury, Company, and Investor guidelines.

Document final decisions and update system records accordingly.

What You Need:

A high school diploma or equivalent.

1 to 2 years of experience in underwriting or servicing/loss mitigation.

About Our Company:

Carrington Mortgage Services is a part of The Carrington Companies, providing comprehensive mortgage loan servicing to borrowers and investors alike, ensuring top-notch customer care and support for homeownership. We invite you to join our growing team of talented professionals as we reshape residential real estate.

What We Offer:

Comprehensive healthcare plans for you and your family, along with a 401(k) match of 50% on the first 4% of your contributions.

Access to various discounts on fitness, dining, retail, and more through our employee portal.

Customized training programs aimed at accelerating your career advancement.

Employee referral bonuses, giving you the chance to work with friends while earning extra cash!

Educational reimbursement support.

The Carrington Charitable Foundation is committed to giving back to the community through various causes supported by Carrington Associates. For more information, visit carringtoncf.org.

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Carrington is an equal opportunity employer. We consider applicants for positions without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veteran status, physical or mental disability, or any other legally protected category. We provide reasonable accommodations for qualified applicants or employees with disabilities, provided that such accommodations do not impose an undue hardship on the company.