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Loss Mitigation Underwriter, II
Carrington Mortgage Services
Remote, USA
Full-time
Mid
Remote
Discovered 3 weeks ago
Full Job Posting
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.
- #LI-GV1
- #Carrington
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.
- High school diploma or equivalent required.
- Two (2) to three (3) years of underwriting/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.
About Carrington Mortgage Services
Real Estate2490 employeesFounded 2003
Private U.S. holding company providing mortgage, real-estate, title, foreclosure, and asset-management services to homeowners, investors, and lenders.
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