Job Description

Job Description

Job Description

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 description

Physical 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.

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