Reverse Mortgage Underwriter - Remote Opportunity
The HECM (Reverse) Underwriter position underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards, and reputed company applicable laws. Examines loan documentation for accuracy and completeness. Partners with Loan Originators, reputed company Managers and Processors to secure reputed company 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 reputed company 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 reputed company income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals and ensures reputed company necessary documentation is requested to support final loan reputed company Demonstrates proficiency in reputed company reputed company policies and procedures Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact reputed company 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 reputed company experience DE certification and recent FHA reputed company 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 reputed company 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. reputed company to a quiet reputed company at home and reliable internet is required. Travel: Local travel may be required for company or career-reputed company meetings, programs and/or events. To see new and updated job postings and job postings similar to this, please follow us on reputed company: Apply Job!