Loss Mitigation, Underwriter l jobs in United States
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Carrington Holding Company, LLC · 9 hours ago

Loss Mitigation, Underwriter l

Carrington Holding Company, LLC is a part of The Carrington Companies, providing integrated mortgage loan servicing assistance. The Loss Mitigation Underwriter l will be responsible for underwriting loan modification applications, ensuring compliance with legal and policy requirements while gaining experience in handling complex underwriting files.

Financial ServicesReal Estate

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 plan, forbearance, modification 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

Qualification

Underwriting experienceLoan ModificationsVerification of IncomeDebt to income calculationCommunication skills

Required

High school diploma or equivalent required
1 to 2 years of underwriting background or servicing/loss mitigation experience

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 the opportunity to work with friends (and get some extra cash in your pocket!).
Educational Reimbursement.
Carrington Charitable Foundation contributes to the community through causes that reflect the interests of Carrington Associates.

Company

Carrington Holding Company, LLC

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Carrington Holding Company, LLC is a financial service provider for mortgages, asset management, real estate.

Funding

Current Stage
Late Stage

Leadership Team

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Aman Marwah, MBA
Division Chief Financial Officer
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Melissa Witte
VP ESCROW ADMINISTRATION
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Company data provided by crunchbase