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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. The target pay range for this position is $25.00-$27.00 per hour.
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What you'll do:
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.
What you'll need:
High school diploma or equivalent required.
Two (2) to three (3) years of underwriting/loss mitigation experience
Our Company:
Carrington Mortgage Services is part of The Carrington Companies, which provide integrated, full-lifecycle mortgage loan servicing assistance to borrowers and investors, delivering 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. To read more visit: www.carringtonmortgage.com.
What We Offer:
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. #Carrington
The Carrington Companies is a financial services organization operating through subsidiary Vylla Title, LLC, a full-service title agent providing comprehensive title and settlement services for residential and commercial real estate transactions. The company also operates a mortgage lending division offering wholesale and correspondent mortgage loan products to brokers and sellers. With a national footprint, Carrington delivers end-to-end transaction management services across title, escrow, and mortgage origination, serving diverse client needs with expertise in various loan products including FHA, FNMA, FHLMC, VA, and USDA loans. The organization emphasizes creating exceptional customer experiences and maintaining strong relationships with brokers, sellers, and other stakeholders throughout the real estate and mortgage transaction lifecycle.
