Company DescriptionAt Longbridge, we’re passionate about helping seniors unlock the power of one of their greatest assets—their home equity. As a leading provider of home equity solutions for seniors, we’re committed to helping older homeowners make the most of what they’ve worked hard to build, so they can live the retirement they imagined.We’re named a Great Place to Work® three years in a row, because when people enjoy what they do and where they do it, everyone wins.What you’ll getBest-in-class health plans (medical, dental, vision, HSA, and FSA)Generous PTO and paid holidaysCompany-paid life insuranceCompetitive 401(k) match401(k) with company matchPaid time offFull benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discountsMonthly production bonus based on individual performance (in addition to base salary)Job DescriptionThe 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 DutiesResponsible 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.Review all areas of the mortgage loan file to ensure accuracy, completeness, and compliance with internal and regulatory guidelines, including Application, Title, Appraisal, Assets, Credit, Condominium information, and income.Provide clear and concise communication to appropriate parties, including the processing department, on items needed to prepare a loan for closing.Partner with processing to close loans in a timely and efficient manner.Adhere to service level agreements and prioritize workflow.Maintain quality control standards while maintaining production standards by company definition.Assist in identifying, recommending, and/or negotiating alternative loan documentation requirements.QualificationsThree 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.Additional InformationWorking in a growing and dynamic industryThis is a non-exempt roleTarget base salary range: 95-105K (based on various factors including skills and work experience)LBF is an EEO/AA/Vet/Disabled Employer
