About this role
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 transactionsEvaluate risk and ensure quality of each loan decisionCommunicate requirements and/or decisions clearlyResponsible 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 mannerAdhere to service level agreements and prioritize workflowMaintain quality control standards while maintaining production standards by company's definitionAssist in identifying, recommending, and/or negotiating alternative loan documentation requirements
Three or more years of current active experience underwriting Reverse Mortgages (Retail and/or Wholesale)HECM for Purchase experience is a plusMust have a valid active CHUMS NumberStrong credit, risk analysis, and analytical skillsWorking 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 skillsAttention 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 dailyAbility to use creative thinking to find solutions to problemsAbility to meet and exceed service level agreementsCompetent risk-assessment skillsAbility to multi-taskExcellent time-management skillsAbility to work independently with minimal supervision in a team environmentFamiliar with HUD underwriting guidelines and documentation, mortgage legal documentation, 3rd party risk assessment products and Federal/ State/Local compliance regulationsProprietary Reverse Mortgage underwriting experience is a plus
Working in a growing and dynamic industryFull benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts401(k) with company matchPaid time offThis is a non exemptTarget 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 EmployerPlease note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.
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