About The 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 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

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.
Strong verbal and written communication skills
Attention 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 daily
Ability to use creative thinking to find solutions to problems
Ability to meet and exceed service level agreements
Competent risk-assessment skills
Ability to multi-task
Excellent time-management skills
Ability to work independently with minimal supervision in a team environment
Familiar with HUD underwriting guidelines and documentation, mortgage legal documentation, 3rd party risk assessment products and Federal/ State/Local compliance regulations
Proprietary Reverse Mortgage underwriting experience is a plus

Working in a growing and dynamic industry
Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
401(k) with company match
Paid time off
This is a non exempt
Target 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 Employer
Please 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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