Come join our amazing team and work from home!
The Sr Second Lien Release Analyst evaluates and resolves complex second lien
mortgage loans by validating lien enforceability, quantifying loss exposure and
recovery potential, and recommending disposition, foreclosure bid, charge-off,
or recovery strategies within established authority. Owns loan-level analysis
and documentation through investor or management approval, escalates exceptions
and material risk, and partners with internal departments and external
stakeholders to protect lien position, maximize recoveries, and support accurate
reporting and audit readiness. Performs all duties in accordance with company
policies and procedures, investor requirements, and applicable federal, state,
and local laws and regulations. The target pay range for this position is
$25.00/hr - $29.00/hr.
What you'll do:.
Research and analyze second lien loan files to validate lien status and
enforceability, quantify loss exposure and recovery potential, and select or
recommend the appropriate resolution strategy within established authority.
Generate and review monthly Second Liens Reports, applying exclusion criteria
and identifying loans requiring further analysis, monitoring, or action.
Conduct property, title, and senior lien research using available tools to
verify ownership, lien position, foreclosure activity, and potential impact
to second lien recovery strategy.
Create equity analyses to determine projected equity and support recommended
exit strategies.
Prepare foreclosure bid recommendations for investor approval, including
supporting analysis, economic assessments, payoff details, proof of lien
position or loss, and strategy rationale.
Own the investor approval process for assigned loans, present strategy and
supporting analysis, resolve questions, and escalate exceptions or
recommendations outside delegated authority.
Lead assigned senior lien foreclosure bidding activity by validating approved
bid limits, coordinating funds and vendor attendance, monitoring sale
results, and completing required post-sale actions and escalations.
Prepare and submit charge-off requests with full justification and coordinate
with Investor Reporting, Cashiering, and other departments to execute
approved charge-offs and ensure proper documentation.
Follow up on surplus funds to support timely recovery, reconciliation, and
appropriate documentation.
Process and record requests for notice on stand-alone second liens to support
ongoing monitoring and lien protection.
Prepare and execute required California AB 130 certifications and supporting
notices for applicable subordinate-lien foreclosure activity, validating
servicing history, documentation, approvals, and escalation of identified
exceptions.
Maintain accurate records in servicing systems and shared directories.
Document decision logic in a format suitable for management review, executive
review, and audit.
Measure and report recovery dollars, avoided losses, approval and resolution
cycle times, aging, bidding activity, surplus funds, exceptions, and other
portfolio risk indicators; identify trends and recommend corrective action.
Respond to inquiries from clients, investors, and internal teams regarding
second lien accounts, strategies, approvals, and recovery activity.
Support the development and refinement of company policies and procedures
related to second lien servicing, monitoring, recovery, and loss mitigation.
Provide technical guidance and peer mentoring to junior analysts, assist with
escalated issues, participate in audits, and support corrective actions; does
not assign work, evaluate performance, or exercise formal supervisory
authority.
Advanced knowledge of second lien default servicing, lien priority and
enforceability, title research, senior lien monitoring, foreclosure bidding,
charge-offs, surplus funds, and recovery strategies.
Strong working knowledge of investor requirements and applicable federal and
state servicing, debt collection, foreclosure, notice, and record-retention
requirements.
Ability to interpret title, valuation, payoff, foreclosure, payment, and
servicing-history data and convert findings into defensible equity analyses,
bid recommendations, charge-off requests, and recovery strategies.
Ability to exercise independent judgment within delegated authority, identify
material risk, and escalate exceptions with clear options and
recommendations.
Advanced proficiency with mortgage servicing platforms and Microsoft Excel
for reconciliations, portfolio analysis, exception tracking, and management
reporting.
Ability to maintain accurate, audit-ready records and communicate complex
loan-level conclusions clearly to management, investors, clients, vendors,
and internal partners.
Strong organization, prioritization, and follow-through across time-sensitive
portfolios, approvals, sale dates, and regulatory or investor deadlines.
Ability to mentor junior analysts, provide technical guidance, and support
consistent application of procedures without direct supervisory authority.
What you'll need:
High school diploma required; Bachelor’s degree preferred.• High school
diploma required; Bachelor’s degree preferred.
Four plus (4+) years of progressively responsible experience in mortgage
default servicing, including direct experience with second lien research,
title and lien analysis, foreclosure or recovery strategy, investor
approvals, and charge-off or loss review.
Experience with subordinate-lien servicing, senior-lien foreclosure
monitoring and bidding, investor or client requirements, recovery analysis,
and applicable state-specific compliance requirements preferred.
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 you’ll 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 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 paid to help Carrington and Vylla
grow.
Educational Reimbursement.
Carrington Charitable Foundation contributes to the community through causes
that reflect the interests of Carrington Associates. For more information
about Carrington Charitable Foundation, and the organizations and programs,
it supports through specific fundraising efforts, please
visit: carringtoncf.org.
Notice to all applicants: Carrington does not do interviews or make offers via
text or chat.
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