Loss Mitigation Underwriter, II

at Carrington in Boise, Idaho, United States

Come join our amazing team and work remote from home!

The Loss Mitigation Underwriter II will be responsible for underwriting loss mitigation applications in accordance with Treasury, Company and Investor guidelines while following companys 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 companys 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 youll 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 customers 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 youll need:

+ High school diploma or equivalent required.

+ Two (2) to three (3) years of underwriting background or servicing/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 youll 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