Underwriter, Loss Mitigation, II

Carrington Mortgage • Phoenix, AZ

2d • $28 - $31

About The Position

The Loss Mitigation Underwriter II is an intermediate-level role responsible for underwriting loss mitigation applications under general supervision. The position handles moderately complex underwriting files while developing knowledge and experience with more complex files. The underwriter makes sound decisions in accordance with Treasury, company, and investor guidelines, company policies and procedures, and applicable state and federal laws and regulations.

Requirements

• Strong working knowledge of Microsoft Suite, including Word, Excel, and Outlook.
• Ability to understand complex problems, collaborate, and explore alternative solutions.
• Ability to organize and prioritize work on short- and long-term bases.
• Ability to perform basic arithmetic and record, balance, and check results for accuracy.
• Ability to clearly and accurately communicate ideas verbally and in writing.
• High school diploma or equivalent.
• Two to three years of underwriting background or servicing/loss mitigation experience.

Responsibilities

• Analyze loans to assess 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 document a file, such as a reason-for-default letter, updated pay stubs, or bankruptcy papers.
• Complete system tasks as required to maintain compliance with applicable guidelines.
• Document final decisions and update the system of record.
• Perform other duties as assigned.

Benefits

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

What This Job Offers

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