Loss Mitigation Underwriter, II

Carrington Mortgage • Orange, CA

2d • $26 - $31 • Remote

About The Position

The Loss Mitigation Underwriter II underwrites loss mitigation applications in accordance with Treasury, company, and investor guidelines, following company policies and procedures under general supervision. The role makes sound underwriting decisions and ensures decisions meet legal and policy requirements, while complying with applicable company policies and U.S. state and federal laws and regulations. This is an intermediate-level role in the job family, generally handling moderately complex underwriting files while building knowledge and experience with more complex files. The position is remote and has a target pay range of $26.00–$31.00 per hour.

Requirements

• High school diploma or equivalent.
• Two to three years of underwriting or loss mitigation experience.

Responsibilities

• Perform thorough analysis to assess loan quality and compliance with Treasury, company, and investor guidelines.
• Conduct Verification of Income (VOI).
• Calculate customers’ front-end and back-end debt-to-income ratios.
• Verify occupancy, hardship, and income.
• Apply the payment waterfall to determine workout eligibility, including repayment plans, forbearances, modifications, or liquidation options.
• Identify the types and amounts of borrowers’ liquid assets, when applicable.
• Determine and communicate the conditions needed to properly document a file, such as a reason-for-default letter, updated pay stubs, or bankruptcy papers.
• Complete system tasks required to maintain compliance with Treasury, company, and investor guidelines.
• Document the final decision and update the system of record.
• Perform other duties as assigned.

Benefits

• Comprehensive healthcare plans for the employee and family.
• Discretionary 401(k) match of 50% of the first 4% of pay contributed.
• Employee discounts on fitness, restaurants, retail, and other offerings through the employee portal.
• Customized training programs to support career advancement.
• Employee referral bonuses.
• Educational reimbursement.
• Community support through the Carrington Charitable Foundation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED