Reverse Mortgage Underwriter Remote

Paramus, NJ - USA

Monthly Salary: Not Disclosed

Posted on: 5 hours ago

Vacancies: 1 Vacancy

Job Summary

The Underwriter position 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.

Primary Job Duties:

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
Communicate requirements and/or decisions clearly
Responsible for reviewing all areas of the mortgage loan file to ensure accuracy completeness and compliance with internal and regulatory guidelines including but not limited to Application Title Appraisal Assets Credit Condominium information and income.
Responsible for clear and concise communication to appropriate parties including but not limited to the processing department on items needed to prepare a loan for closing.
Partner with processing to close loans in a timely in efficient manner
Adhere to service level agreements and prioritize workflow
Maintain quality control standards while maintaining production standards by companys definition
Assist in identifying recommending and/or negotiating alternative loan documentation requirements

Qualifications :

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

Additional Information :

Working in a growing and dynamic industry
Full benefits: Medical Dental Vision FSA/HSA and wide array of voluntary products and discounts
401(k) with company match
Paid time off
This is a non exempt
Target base salary range is 95-105K which is based on various factors including skills and work experience.
In addition to base salary this role is eligible for a competitive additional compensation program via monthly production bonus that is based on individual performance.
LBF is an EEO/AA/Vet/Disabled Employer
Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites set the estimated salary not Longbridge Financial.

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Remote Work :

Yes

Employment Type :

Full-time

Primary Job Duties:

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
Communicate requirements and/or decisions clearly
Responsible for reviewing all areas of the mortgage loan file to ensure accuracy completeness and compliance with internal and regulatory guidelines including but not limited to Application Title Appraisal Assets Credit Condominium information and income.
Responsible for clear and concise communication to appropriate parties including but not limited to the processing department on items needed to prepare a loan for closing.
Partner with processing to close loans in a timely in efficient manner
Adhere to service level agreements and prioritize workflow
Maintain quality control standards while maintaining production standards by companys definition
Assist in identifying recommending and/or negotiating alternative loan documentation requirements

Qualifications :

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

Additional Information :

Working in a growing and dynamic industry
Full benefits: Medical Dental Vision FSA/HSA and wide array of voluntary products and discounts
401(k) with company match
Paid time off
This is a non exempt
Target base salary range is 95-105K which is based on various factors including skills and work experience.
In addition to base salary this role is eligible for a competitive additional compensation program via monthly production bonus that is based on individual performance.
LBF is an EEO/AA/Vet/Disabled Employer
Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites set the estimated salary not Longbridge Financial.

Remote Work :

Yes

Employment Type :

Full-time

Key Skills

Loan Processing
Time Management
Microsoft Office
Credit Analysis
Fraud
Math
Risk Analysis
Banking
Analysis Skills
Fair Housing Regulations
Underwriting
Data Analysis Skills

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About Company

Longbridge Financial

Longbridge Financial, LLC (LBF) is an innovative company committed to responsibly helping senior homeowners reshape their financial future to improve their retirement. Our mission is to be consistently fair, transparent, and professional at all times with our employees, customers, and ... View more

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