Carrington Holding Company, LLC · 6 hours ago

Loss Mitigation Underwriter, II

United States

Full-time

Remote

Entry, Mid Level

$25/hr - $27/hr

2+ years exp

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Financial ServicesReal Estate

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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.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Underwriting experienceLoss mitigation experienceCompliance with guidelinesVerification of Income (VOI)Debt to income ratio calculationDocumenting underwriting decisionsAnalyzing loan quality