Role OverviewThe Reverse Mortgage Underwriter underwrites residential loans ensuring compliance with company, secondary market Investor standards, and all applicable laws. Examines loan documentation for accuracy and completeness. Partners with Loan Originators, Branch Managers, and Processors to secure all required documents.
What You Will Do
Responsible for underwriting files and establishing conditions to meet FHA and LBF guidelines. Ability to make timely, accurate decisions on all FHA transactions. Evaluate risk and ensure quality of each loan decision.
Why It Might Be a Fit
If you’re looking for a place where your work truly makes a difference, we’d love to have you on board. Apply today and let’s do great things together!
Requirements
- Three or more years of current active experience underwriting Reverse Mortgages (Retail and/or Wholesale)
- HECM for Purchase experience is a plus
- Must have a valid active CHUMS Number
- Strong credit, risk analysis, and analytical skills
- Working knowledge of federal and state regulations and requirements with emphasis on MDA, TILA, HUD, and RESPA reform
- Understands the loan flow process including file structure, and documentation requirements
- Strong verbal and written communication skills
- Attention to detail, with strong organizational and interpersonal skills
- Ability to work well with a wide range of people, work under pressure with a focus on deadlines, and adapt to changing situations daily
- Ability to use creative thinking to find solutions to problems
- Ability to meet and exceed service level agreements
- Competent risk-assessment skills
- Ability to multi-task
- Excellent time-management skills
- Ability to work independently with minimal supervision in a team environment
- Familiar with HUD underwriting guidelines and documentation, mortgage legal documentation, 3rd party risk assessment products, and Federal/State/Local compliance regulations
- Proprietary Reverse Mortgage underwriting experience is a plus
Benefits
- Medical, dental, vision
- FSA/HSA
- 401(k) with company match
- Paid time off
- Competitive additional compensation program via monthly production bonus
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