Reverse Mortgage Underwriter

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🏖️ New Jersey – Remote

🏖️ New Jersey – Remote

💵 $95k - $105k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Longbridge Financial, LLC (NMLS# 957935)

WebsiteLinkedInAll Job Openings

51 - 200 employees

💸 Finance

🏠 Real Estate

💰 $259k Seed Round on 2013-12

Finance • Real Estate

Longbridge Financial, LLC is a top-ranked reverse mortgage company dedicated to helping older adults explore home equity options through reverse mortgages. With a variety of products like the Home Equity Conversion Mortgage (HECM) and Longbridge Platinum, they offer personalized financial solutions for seniors. Longbridge Financial takes pride in offering exceptional customer service, ensuring satisfaction through guidance and tailored mortgage options. The company is committed to transparency and fostering a strong relationship with its clients, providing valuable insights and support to manage finances during retirement.

📋 Description

• 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 • Responsible for underwriting files and establishing conditions to meet FHA and LBF guidelines • Ability to make timely, accurate decisions on all FHA transactions • Evaluates risk and ensure quality of each loan decision • Communicates requirements and/or decisions clearly • Reviews all areas of the mortgage loan file to ensure accuracy, completeness, and compliance • Partners with processing to close loans in a timely in efficient manner • Adheres to service level agreements and prioritize workflow

🎯 Requirements

• 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 • 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

🏖️ Benefits

• best-in-class health plans (medical, dental, vision, HSA, and FSA) • generous PTO • paid holidays • company-paid life insurance • competitive 401(k) match