Mortgage Underwriter - Reverse

Mutual of Omaha Mortgage; Phoenix (AZ); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Vacation hours accumulate

Paid sick time

9 holidays + floating day

Dental coverage

Vision coverage

401K match

Remote work option

Free legal services

Employee loan program

100% remote

Job summary

Mutual of Omaha Mortgage seeks an experienced Underwriter to accurately evaluate and underwrite HECM reverse mortgage loan files in line with FHA HECM guidelines and company policy.

You will review loan files, set terms for approval or rejection, ensure regulatory compliance, and communicate decisions to sales and management while coordinating with operations to maintain workflow efficiency.

Qualifications

• Minimum 4 years in mortgage loan underwriting required.
• Reverse mortgage experience a plus.
• FHA Direct Endorsement strongly preferred.
• Bachelor’s degree strongly preferred, but not required.

Responsibilities

• Evaluate risk in accordance with FHA HECM guidelines and company policies.
• Review all aspects of the loan file, including title and appraisal reports.
• Set the terms for approval and compliance or identify reasons for rejection.
• Ensure regulatory compliance and completeness.
• Communicate loan decisions to sales channels and management.
• Input pertinent loan data into operational systems.
• Use FHA Connection to update loan data as needed.
• Collaborate with all departments to establish efficient workflows.
• Complete required checklists and worksheets.

Skills

Mortgage underwriting experience

Customer service

Time management

MS Office proficiency

Education

Bachelor’s degree preferred

Tools

MS Office

Job description

Mutual of Omaha is a Fortune 300 Company. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.

Mutual of Omaha Mortgage is a full service lending company offering both Forward and Reverse Mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs

We are seeking Underwriters to join our first in class Operations Team!

JOB PURPOSE:

To accurately evaluate and underwrite HECM reverse mortgage loan files submitted by retail and wholesale production channels, in accordance with company policy and FHA HECM guidelines.

DUTIES AND RESPONSIBILITIES:

• Evaluate risk in accordance with all HECM FHA guidelines and company policies
• Review all aspects of the loan file, including title and appraisal reports
• Set the terms for approval and compliance or identify reasons for rejection
• Ensure regulatory compliance and completeness
• Effectively communicate all loan decisions to sales channels and management, as needed
• Accurately review and input pertinent loan data into operational systems
• Utilize FHA Connection to update loan data as needed
• Work closely with all operational departments to establish productive and efficient work flows
• Complete required checklists and worksheets

QUALIFICATIONS:

• Minimum 4 yrs in mortgage loan underwriting required
• Reverse mortgage experience a plus
• FHA Direct Endorsement strongly preferred
• Bachelor’s degree strongly preferred, but not required
• Excellent computer skills and knowledge of MS Office products
• Strong customer service and time management skills a must
• Highly motivated and determined to succeed in a competitive, time sensitive industry

Mutual of Omaha Mortgage is an Equal Opportunity Employer, and we encourage diverse, talented, qualified applicants to apply.We offer an extensive compensation package. Benefits include:

• Vacation — Vacation hours accrue on a per pay period basis. Balance maximums are based on years of service.
• Paid Sick Time — 40 hours of paid sick time after 90 days of employment. State sick time requirements will be added as needed.
• 9Paid Holidays + 1 Cultural Celebration Day (Floating Holiday)
• Multiple PPO Medical Plans, as well as HDHP eligible plan.
• Dental Coverage
• Vision Coverage
• Company Paid Life Insurance
• 401K with a generous employer match
• Additional Benefits including – Optional Life, FSA, Pet Insurance etc.
• Free Legal Services
• Employee Loan Program
• 100% Remote