The Power of Home.
Reverse Mortgage Underwriter
Location
New Jersey
Posted
3 hours ago
Salary
$95K - $105K / year
Seniority
Senior
Job Description
Reverse Mortgage Underwriter
Longbridge Financial, LLC (NMLS# 957935)
• Underwrites residential loans ensuring compliance with appropriate 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 • Responsible for underwriting files and establishing conditions to meet FHA and LBF guidelines • Ability to make timely, accurate decisions on all FHA transactions • Evaluates risk and ensure quality of each loan decision • Communicates requirements and/or decisions clearly • Reviews all areas of the mortgage loan file to ensure accuracy, completeness, and compliance • Partners with processing to close loans in a timely in efficient manner • Adheres to service level agreements and prioritize workflow
Job 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
- Ability to work well with a wide range of people, work under pressure with a focus on deadlines, and adapt to changing situations daily
- Familiar with HUD underwriting guidelines and documentation, mortgage legal documentation, 3rd party risk assessment products and Federal/ State/Local compliance regulations
Benefits
- best-in-class health plans (medical, dental, vision, HSA, and FSA)
- generous PTO
- paid holidays
- company-paid life insurance
- competitive 401(k) match
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