Reverse Mortgage Underwriter - Remote
$95,000–$105,000 year
RemoteUnited States
Job Summary
Underwrite residential reverse mortgage loans by examining documentation for accuracy, ensuring compliance with FHA, LBF, and federal regulations including MDA, TILA, HUD, and RESPA. Establish conditions to meet guidelines, evaluate risk, and communicate decisions clearly to Loan Originators, Branch Managers, and the processing department. Partner with processing to close loans efficiently while adhering to service level agreements and prioritizing workflow. Review all loan file areas including Application, Title, Appraisal, Assets, Credit, and income to maintain quality control standards. Assist in identifying and negotiating alternative documentation requirements. Requires three years of active reverse mortgage underwriting experience, a valid CHUMS number, and strong analytical skills.
Required Qualifications
- Three or more years of current active experience underwriting Reverse Mortgages (Retail and/or Wholesale)
- 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
- 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
Desired Qualifications
- HECM for Purchase experience is a plus
- Proprietary Reverse Mortgage underwriting experience is a plus
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