Carrington Mortgage Holdings, LLC

  • Loss Mitigation Underwriter I

    Job Locations US-CA-Anaheim
    Job ID
    2018-6860
    Position Category
    Loss Mitigation
    Company
    Carrington Mortgage Services, LLC
    Position Type
    Regular
  • Overview

    FOUNDED IN 2003, Carrington has evolved from a mortgage credit asset manager into a vertically-integrated financial services company that covers virtually every aspect of the single family residential real estate transactions- investments in U.S. real estate and mortgage markets, loan origination and servicing, asset management and property preservation, real estate sales and rental, and title and escrow services.

      

    Why you should join Carrington: 

    • Our tuition reimbursement and great career advancement opportunities encourage employee growth.
    • The senior leadership team is full of top industry leaders.
    • We are an innovative and rapidly growing company.
    • Our employees have access to several fitness, restaurant, retail (and more!) discounts through our exclusive employee portal.
    • An exciting, innovative and entrepreneurial work environment.

    Responsibilities

    The Loss Mitigation Underwriter I will be responsible for underwriting Loan Modifications for both HAMP and non-HAMP eligible loans 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 I level is the entry level role in the job family and generally handles the least 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 HAMP eligibility (rate reduction, term extension, deferred principal).
    • 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.

    Qualifications

    EDUCATION, EXPERIENCE AND/OR LICENSES: 

    • High school diploma or equivalent required.
    • Zero (0) to 2 years of underwriting background in HAMP/Loan Modification and servicing/loss mitigation experience.

     

    ESSENTIAL KNOWLEDGE, SKILLS, ABILITIES, AND COMPETENCIES: 

    • Knowledge of Microsoft Suite at an intermediate level preferred.
    • Ability to understand complex problems and to collaborate and explore alternative solutions.
    • Ability to organize and prioritize own work schedule on short-term basis (longer than one month).
    • 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.

     

    EEO/AAP Employer

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed

    Connect With Us!

    Not ready to apply? Connect with us for general consideration.