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Loss Mitigation, Underwriter

$23-26/hr•Full-timeRemote

location_on1508, K Avenue, Plano, Collin County, Texas, 75074, United States

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Job Description

About the Role

The Loss Mitigation Underwriter I is an entry-level position within our job family, designed for individuals looking to gain additional knowledge and experience in complex underwriting files. In this role, you will be responsible for underwriting Loan Modifications applications in accordance with Treasury, Company, Company, and Investor guidelines. You will make sound underwriting decisions while ensuring that all decisions meet legal and policy requirements. You will perform all duties in accordance with the company’s policies and procedures, as well as all US state and federal laws and regulations wherein the company operates.

About Our Company

Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors. We deliver 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.

Equal Opportunity Employer

Carrington is an equal opportunity employer. It is the policy of the company that applicants be considered for positions for which they qualify without regard to race, color, religion, sex, gender identity, national origin, ancestry, age, marital status, sexual orientation, protected veterans status, physical or mental disability or any other legally protected category. Carrington will make reasonable accommodations for known physical or mental limitations of a qualified applicant or employee with a disability unless the accommodation will impose an undue hardship on the company.

Work location

Work model: Remote

1508, K Avenue, Plano, Collin County, Texas, 75074, United States

Plano, Texas

Open in Google Maps(33.01991, -96.69890)

Key Responsibilities

  • check_circleUnderwrite loan modification applications in compliance with guidelines
  • check_circleConduct Verification of Income (VOI) and verify occupancy and hardship
  • check_circleApply payment waterfall to determine workout eligibility
  • check_circleIdentify borrower liquid assets and amounts
  • check_circleComplete system tasks to maintain compliance
  • check_circleDocument final underwriting decisions and update system of record
  • check_circleCalculate front and back-end debt to income ratios
  • check_circleDetermine and communicate file documentation conditions
  • check_circleAnalyze loan quality and verify compliance with Treasury and Investor rules

Requirements

  • verifiedHigh school diploma or equivalent required
  • verified1 to 2 years of underwriting loss mitigation experience

Benefits & Perks

check_circleComprehensive healthcare plans for you and your familycheck_circleDiscretionary 401(k) match of 50% of the first 4% of pay contributedcheck_circleAccess to fitness, restaurant, and retail discountscheck_circleCustomized training programs to help youcheck_circleEmployee referral bonusescheck_circleEducational Reimbursement

Skills, education and keywords

Skills: underwriting, loss mitigation, verification of income, voi, debt to income ratio, payment waterfall, loan modifications.

Education: High school diploma or equivalent required.

Frequently asked questions about Loss Mitigation, Underwriter at Carrington

What does a Loss Mitigation, Underwriter at Carrington do?expand_more
Day-to-day, the Loss Mitigation, Underwriter at Carrington will underwrite loan modification applications in compliance with guidelines; conduct verification of income (voi) and verify occupancy and hardship; apply payment waterfall to determine workout eligibility; and identify borrower liquid assets and amounts.
What are the requirements for this Loss Mitigation, Underwriter role?expand_more
To qualify for the Loss Mitigation, Underwriter at Carrington position, applicants should have: High school diploma or equivalent required; and 1 to 2 years of underwriting loss mitigation experience.
What is the salary range for Loss Mitigation, Underwriter at Carrington?expand_more
The advertised salary range for Loss Mitigation, Underwriter at Carrington is $23-26/hr.
Where is the Loss Mitigation, Underwriter role at Carrington located?expand_more
Loss Mitigation, Underwriter at Carrington is based in 1508, K Avenue, Plano, Collin County, Texas, 75074, United States. This is a remote role.
Is this Loss Mitigation, Underwriter job remote, hybrid, or on-site?expand_more
Carrington has listed this Loss Mitigation, Underwriter role as remote.
How much experience is required for this Loss Mitigation, Underwriter role?expand_more
Loss Mitigation, Underwriter at Carrington typically requires 1–2 years of relevant experience at the entry level level.
What skills do you need for the Loss Mitigation, Underwriter role at Carrington?expand_more
Key skills for Loss Mitigation, Underwriter at Carrington include underwriting; loss mitigation; verification of income; voi; debt to income ratio; payment waterfall; and loan modifications.
What education is required for Loss Mitigation, Underwriter at Carrington?expand_more
Educational requirements for this role: High school diploma or equivalent required.
What category does the Loss Mitigation, Underwriter role belong to?expand_more
Loss Mitigation, Underwriter at Carrington is part of the Accounting & Finance job category on Recrutus.