Mortgage Underwriter

SmartRecruiters, Inc.; United States; Remote; USD 43,000 - 58,000; Full time

Benefits offered by this job

100% remote

Job summary

Altisource is seeking an experienced HECM Underwriter to support our reverse mortgage origination platform. You will underwrite FHA-insured reverse mortgage loans, ensuring HUD guidelines, investor requirements, and internal standards are met.

The ideal candidate brings 3+ years of mortgage underwriting, strong FHA/HUD knowledge, and proficient use of FHAConnection, HERMIT, RVExchange, and valuation tools. Remote US-based role with comprehensive benefits.

Qualifications

• Minimum 3+ years of mortgage underwriting experience, with direct HECM/reverse mortgage underwriting preferred.
• Strong knowledge of FHA/HECM underwriting guidelines and HUD regulations.
• Proficient in reviewing and interpreting FHAConnection, HERMIT, RVExchange and similar platforms.
• Experience with title review, trusts, and vesting documentation.
• Ability to identify and mitigate underwriting risk while ensuring FHA insurability standards.

Responsibilities

• Review and underwrite HECM loan files per HUD, FHA, and investor guidelines.
• Complete financial assessments: income, assets, liabilities, and residual income.
• Evaluate borrower eligibility, occupancy, and counseling compliance.
• Review appraisals and collateral docs for FHA and investor standards.
• Analyze title commitments and vesting structures.
• Identify underwriting conditions and communicate deficiencies.
• Ensure loans meet FHA insurability and investor standards.
• Maintain thorough documentation for compliance and audit readiness.
• Collaborate with fulfillment, processing, and QC teams to close loans.
• Support post-underwriting reviews and quality control initiatives.
• Keep current with reverse mortgage regs and industry best practices.

Skills

HECM underwriting

Mortgage underwriting

FHA/HUD guidelines

Analytical skills

Communication skills

Regulatory compliance

Tools

FHAConnection

HERMIT

RVExchange

Automated valuation tools

Job description

Altisourceisaleadingproviderofintegratedservicesandtechnologyforthemortgageandrealestateindustries.Oursolutionssupportthefullmortgagelifecycle,fromoriginationsthroughservicing,helpingclientsmanagerisk,maintaincompliance,andscaleefficiently.Withinnovation,serviceexcellence,andregulatoryintegrityatourcore,wedelivertechnology-enabledsolutionsthatsolvecomplexbusinesschallengesacrosstheindustry.

Job Description

TheRole

AltisourceisseekinganexperiencedHECM(HomeEquityConversionMortgage)Underwritertosupportourgrowingreversemortgageoriginationplatform.Inthisrole,youwillberesponsibleforunderwritingFHA-insuredreversemortgageloans,ensuringcompliancewithHUDguidelines,investorrequirements,andinternalcreditandoperationalstandards.TheidealcandidatewillpossessstrongknowledgeofHECMunderwriting,propertyeligibilityrequirements,incomeandfinancialassessmentanalysis,andqualitycontrolprocessesnecessaryforsuccessfulloandeliveryandinsurability.

WhatYou'llDo

• Review,analyze,andunderwriteHECMloanfilesinaccordancewithHUD,FHA,investor,andcompanyunderwritingguidelines.
• Completecomprehensivefinancialassessments,includingincome,assets,liabilities,residualincomecalculations,andpropertychargeevaluations.
• Evaluateborrowereligibility,occupancyrequirements,andcounselingcompliancerequirementsforreversemortgages.
• ReviewappraisalsandcollateraldocumentationtoensurepropertyeligibilityandcompliancewithFHAandinvestorstandards.
• Analyzetitlecommitments,propertyownershipstructures,trusts,lifeestates,andothervestingscenarioscommonlyassociatedwithHECMtransactions.
• Identifyandclearlycommunicateunderwritingconditions,documentationdeficiencies,andriskfactorstoprocessingteams,ClientRelationshipManagers,andloanoriginators.
• EnsureloansmeetFHAinsurabilityrequirementsandinvestorsalabilitystandardswhilemaintainingestablishedproductivityandservice-levelexpectations.
• Maintainthoroughandaccurateloandocumentationtosupportregulatorycompliance,auditreadiness,andqualityassurancerequirements.
• Collaboratewithfulfillment,processing,closing,andqualitycontrolteamstofacilitateefficientloanclosingsandexceptionalclientservice.
• Supportpost-underwritingreviews,loanaudits,andqualitycontrolinitiativesasneeded.
• Maintaincurrentknowledgeofreversemortgageregulations,FHA/HUDrequirements,andindustrybestpractices.

WhatYouBring

• Minimum3+yearsofmortgageunderwritingexperience,withdirectHECM/reversemortgageunderwritingexperiencestronglypreferred.
• StrongworkingknowledgeofFHAHECMunderwritingguidelines,HUDregulations,andreversemortgageprogramrequirements.
• Proficiencyreviewingandinterpreting:
• FHAConnection
• HERMIT®orequivalentreversemortgageoriginationsystems
• ReverseVision(RVExchange)orsimilarHECMplatforms
• Automatedvaluationandappraisalreviewtools
• Knowledgeof:
• FHApropertyeligibilityrequirements
• Titleandvestingreview
• TrustandPowerofAttorneydocumentation
• Non-borrowingspouserequirements
• AbilitytoidentifyandmitigateunderwritingriskwhilemaintainingcompliancewithFHAinsurabilitystandards.
• Excellentwrittenandverbalcommunicationskillswiththeabilitytoclearlyarticulateunderwritingdecisionsandconditions.
• Highattentiontodetail,soundjudgment,andacompliance-focusedmindset.

Qualifications

PreferredQualifications

• Priorexperienceunderwritingproprietaryreversemortgageproducts within the past 6 months
• Familiaritywithsecondarymarketdeliveryrequirementsandinvestoroverlays.
• Previousexperiencesupportinghigh-volumemortgagefulfillmentoperations.

WhyJoinAltisource

• Opportunitytoworkwithaleadingproviderofmortgagetechnologyandfulfillmentsolutions.
• Exposuretoadiverseclientportfolioandnationallendingprograms.
• Opportunitiesforprofessionaldevelopmentandcareergrowth.

Additional Information

THE PERKS OF WORKING AT ALTISOURCE

• 100% remote position - US Based candidates only

Compensation

• The expected pay range for this role is $36.50 per hour, depending on experience, skills, and qualifications. Actual compensation may vary based on job‑related factors and geographic location.

Good Health

• Life insurance and personal accident benefits

Time to Recharge

• Paid company holidays (including the day after Thanksgiving)

Our Innovation Starts with YOU!

Altisource’s Vision to drive innovation that powers the mortgage and real estate lifecycle is made possible by an inclusive culture that celebrates the diverse voices of our employees. We believe that diversity in gender, age, religion, ethnicity, sexual orientation, identity, physical ability, neurodiversity, socioeconomic background, and experience, fosters creativity, challenges groupthink, and makes our Company stronger. At Altisource, anyone can prosper and have a positive impact on our path toward success, irrespective of their background.

We are committed to fair and impartial hiring, training, and growth opportunities. We also provide employee training to help foster their ability to work with one another in an inclusive manner. Altisource is an Equal Opportunity Employer, and our employment decisions are based on merit, qualifications, and business needs.