SummitHR is Hiring a Remote Reverse Mortgage Underwriter - Remote Opportunity
The HECM (Reverse) 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. Essential Job Functions-Description
Follows prescribed guidelines, receives and reviews loan applications and associated documentation to ensure thoroughness and accuracy according to HECM guidelines, policies and procedures
Maintains acceptable turn times for initial decisions and condition reviews in accordance with Department expectations
Interacts with Quality Control, Compliance, and Funding for problem resolution, risk evaluation and compliance concerns
Develops and maintains sound knowledge of HECM product guidelines offered by the company, and risk assessment tools
Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals and ensures all necessary documentation is requested to support final loan decisions
Demonstrates proficiency in manual underwriting policies and procedures
Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
Communicates and maintains good relationships with loan originators, management, processor
Demonstrated experience with MS Office products
Experience Required
3 years of Residential Loan underwriting experience
DE certification and recent FHA underwriting experience preferred
Solid knowledge and understanding of FHA/HECM policies and procedures
Solid knowledge and understanding of various fraud tools
Demonstrated experience working in a fast paced and changing environment
Demonstrated experience effectively managing relationships with internal and external partners
Prior mortgage processing experiencer preferred
Demonstrated experience with repurchase response and/or rebuttal review and response preparation
Demonstrated experience reporting, analyzing, interpreting, and critical thinking
Information: Not part of the job descriptionPhysical Environment: This position is primarily a remote position. Access to a quiet space at home and reliable internet is required. Travel: Local travel may be required for company or career-related meetings, programs and/or events. To see new and updated job postings and job postings similar to this, please follow us on LinkedIn: https://www.linkedin.com/company/summithr Salary: $85 - $120 per year Job Posted by ApplicantPro