Carrington Mortgage Holdings, LLC

  • Underwriter, Loss Mitigation, II

    Job Locations US-CA-Anaheim
    Job ID
    2018-7210
    Position Category
    Servicing
    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 ll will underwrite 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.   

    • 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

    High school diploma or equivalent required.

    • Two (2) to three (3) years' of underwriting background in HAMP/Loan Modification and servicing/loss mitigation experience.
    • Advanced industry related experience preferred.

     

    EEO/AAP Employer

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