REMOTE Loss Mitigation Underwriter, II

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Posted 10 days ago United States Salary undisclosed
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Job Description

Our Mortgage Servicing platform has continued to grow by focusing resources on excellent execution of our key competencies, including customer service, delinquency management, default management, loan administration, analytics and investor reporting - all while preserving home ownership and providing world-class servicing. We're always building our mortgage business with our customers in mind. Come join our amazing team in Anaheim!

What We Offer:

  • Comprehensive healthcare plans for you and your family. Plus matching 401k.
  • 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 the opportunity to work with friends (and get some extra cash in your pocket!).
  • Educational Reimbursement.


JOB RESPONSIBILITIES:

The Loss Mitigation Underwriter II 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 Loss Mitigation Underwriter II level is the Intermediate level role in the job family and generally handles the moderately complex underwriting files while gaining additional knowledge and experience on the more complex files.

ESSENTIAL DUTIES AND 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.


ESSENTIAL KNOWLEDGE, SKILLS, ABILITIES, AND COMPETENCIES:

  • Strong working knowledge of Microsoft Suite (Word, Excel, Outlook, etc.).
  • Ability to understand complex problems and to collaborate and explore alternative solutions.
  • Ability to organize and prioritize own work schedule on short-term and long-term basis.
  • Ability to add, subtract, multiply, and divide and to record, balance, and check results for accuracy.
  • Ability to clearly and accurately express or exchange ideas by verbally or in writing.


EDUCATION, EXPERIENCE AND/OR LICENSES:

  • High school diploma or equivalent required.
  • Two (2) to three (3) years' of underwriting background or servicing/loss mitigation experience


EEO/AAP Employer

Carrington maintains the necessary infrastructure to ensure stability and maximize value during any market cycle. We are a fully integrated mortgage company supporting our customers by providing a broad range of real estate services encompassing nearly all aspects of single family residential real estate transactions in the United States.

1600 S. Douglass Road, Anaheim, CA (1600), 92806, US