Senior Loss Mitigation Underwriter

Carrington Mortgage • Orange, CA

1d • $29 - $34 • Remote

About The Position

The Senior Loss Mitigation Underwriter will be responsible for underwriting loss
mitigation applications in accordance with Treasury, Company and Investor
guidelines while following company’s policies and procedures under general
supervision. Makes sound underwriting decisions and ensures that all decisions
meet legal and policy requirements. Perform all duties in accordance with the
company’s policies and procedures, all US state and federal laws and
regulations, wherein the company operates. The target pay range for this
position is $29.00 - $34.00 an hour.

The Senior Loss Mitigation Underwriter level is the senior level role in the job
family and generally handles the most complex underwriting files while assisting
in the training and growth of junior underwriters.

Requirements

• High school diploma or equivalent required
• Four (4) plus years of underwriting experience or servicing/loss mitigation.

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 plans, forbearances, loan modifications or liquidation options).
• Assist in the processing and development of loans acquired from prior Servicer
• 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.
• Function as the subject matter expert for Loss Mitigation underwriting.
• Perform other duties as assigned.

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 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees