Job Description
Longbridge is excited to be adding to our existing dynamic Underwriting team. If you are a Reverse Mortgage DE Underwriter, and match the LBF’s qualifications, we would love to review your resume.
Job Responsibilities:
- 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 in 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 + years of current active experience underwriting as a DE Reverse Mortgage Underwriter, is a must
- HECM for Purchase experience is a plus
- Proprietary Reverse Mortgage underwriting experience is a plus
- Must have a valid active CHUMS Number
- Strong credit, risk analysis, and analytical skills
- Be able to examine loan documentation for accuracy and completeness
- Computer literate with the ability to learn new software applications.
- 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.
- Attention to detail, with strong written, verbal, 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
- Familiar with HUD underwriting guidelines and documentation, mortgage legal documentation, 3rd party risk assessment products and Federal/ State/Local compliance regulations
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