Remote HECM Underwriter: FHA Reverse Mortgage Specialist

Altisource; United States; Remote; USD 60,000 - 90,000; Full time

Benefits offered by this job

100% remote position - US Based

Life insurance

Paid holidays

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 compliance and investor requirements while maintaining internal standards.

The ideal candidate has 3+ years of mortgage underwriting experience with strong knowledge of HECM underwriting, income analysis, and quality control. This role offers a remote, US-based work arrangement with competitive compensation and benefits.

Qualifications

• Minimum 3+ years of mortgage underwriting experience, with direct HECM/reverse mortgage underwriting experience strongly preferred.
• Strong working knowledge of FHA HECM underwriting guidelines, HUD regulations, and reverse mortgage program requirements.
• Experience performing financial assessments and residual income analyses for reverse mortgage borrowers.

Responsibilities

• Review, analyze, and underwrite HECM loan files in accordance with HUD, FHA, investor, and company underwriting guidelines.
• Complete comprehensive financial assessments, including income, assets, liabilities, residual income calculations, and property charge evaluations.
• Evaluate borrower eligibility, occupancy requirements, and counseling compliance requirements for reverse mortgages.
• Review appraisals and collateral documentation to ensure property eligibility and compliance with FHA and investor standards.
• Analyze title commitments, property ownership structures, trusts, life estates, and other vesting scenarios commonly associated with HECM transactions.
• Identify and clearly communicate underwriting conditions, documentation deficiencies, and risk factors to processing teams, Client Relationship Managers, and loan originators.
• Ensure loans meet FHA insurability requirements and investor salability standards while maintaining established productivity and service-level expectations.
• Maintain thorough and accurate loan documentation to support regulatory compliance, audit readiness, and quality assurance requirements.
• Interpret and apply HUD Mortgagee Letters, FHA policy updates, and investor overlays to underwriting decisions.
• Collaborate with fulfillment, processing, closing, and quality control teams to facilitate efficient loan closings and exceptional client service.
• Support post-underwriting reviews, loan audits, and quality control initiatives as needed.
• Maintain current knowledge of reverse mortgage regulations, FHA/HUD requirements, and industry best practices.

Skills

HECM underwriting

HUD guidelines

reverse mortgage program requirements

financial assessment

quality control processes

Tools

FHA Connection

ReverseVision or RV Exchange

Automated valuation tools

Job description

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

The ideal candidate has 3+ years of mortgage underwriting experience with strong knowledge of HECM underwriting, income analysis, and quality control. This role offers a remote, US-based work arrangement with competitive compensation and benefits.