Reverse Mortgage Underwriter Remote

Longbridge Financial; Paramus (NJ); Remote; USD 95,000 - 105,000; Full time

Benefits offered by this job

Full benefits including medical, dental, vision

401(k) with company match

Paid time off

Voluntary products and discounts

Job summary

Longbridge Financial is seeking an experienced Underwriter in Paramus, New Jersey. This role entails evaluating residential loans to ensure compliance with regulations. Candidates should have three or more years of experience underwriting Reverse Mortgages and possess a valid CHUMS number. The position offers a competitive salary range of $95,000 to $105,000, benefits including health coverage, a 401(k) plan, and an additional compensation program based on performance.

Qualifications

• Must have three or more years of current active experience underwriting Reverse Mortgages.
• Strong understanding of federal and state regulations.
• Ability to work independently with minimal supervision.

Responsibilities

• Underwrite residential loans ensuring compliance.
• Evaluate risk and ensure loan quality.
• Communicate requirements clearly.

Skills

Credit analysis

Risk assessment

Attention to detail

Time management

Communication skills

Analytical skills

Ability to multi-task

Education

Valid active CHUMS Number

Three or more years underwriting experience

Job description

Job Description

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 and efficient manner
• Adhere to service level agreements and prioritize workflow
• Maintain quality control standards while maintaining production standards by company's 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 the job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.